IBS Journal August 2016
19
WHO? APS BANK MALTA WHAT? ICBS
core banking system, BML Istisharat’s ICBS. IBS Journal reported exclusively on the project back in early 2015, when it was proposed that the system would go live in mid- 2016. This replaces Intrasoft International’s Profits, which had been at the bank since 2002. It will be using ICBS on a hosted basis, a strategy that it is believed to have also used with Profits.
A
emenos’s WealthSuite integrated wealth management solution has been selected by Standard Chartered Bank. The FI will replace its existing ‘front- to-back’ wealth management systems across 30-plus countries and customer segments (SME, High Net Worth and mass affluent). The WealthSuite platform was also recently deployed by Scandinavian banking group Nordea in one of Temenos’ largest ever deals.
T WHO? YES BANK WHAT? GEMALTO TECH
Network HSM to secure mobile payment transactions for its customers under India’s recently implemented Unified Payments Interface (UPI). This enables account holders to send and receive money from their smartphones with a single identifier – such as mobile number or
Y es Bank has deployed Gemalto’s SafeNet
virtual payments address – without entering any bank account information. Gemalto’s tech provides end-to-end data security and encryption to protect user credential confidentiality and the private keys responsible for digital signing.
Scott Thompson
According to Head of IT at APS Bank Jonathan Caruana, the FI has now implemented “a robust and high quality
WHO? STANDARD CHARTERED BANK WHAT? WEALTHSUITE PS Bank Malta has gone live with its new
technology platform that will enable more efficient delivery of new products and services to customers, including an improved internet banking service, enhanced internal controls and more streamlined compliance and regulatory reporting.”
A changeover weekend took place in early July, which necessitated the limiting of certain services to customers and clients.
Alex Hamilton
The move is part of Standard Chartered Bank’s strategy, announced last year, to create “a lean, focused and well capitalised international bank, poised for growth across our dynamic and growing markets in Asia, Africa and the Middle East”, supported by significant investment in modernising its technology infrastructure.
Scott Thompson
www.ibsintelligence.com
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