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RECENT ORDERS
Who’s bought what? WHO? STERLING BANK WHAT? T24
core banking package from Temenos including its flagship platform T24. It did so in a “big bang” that saw the new system implemented across 185 branches simultaneously.
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IBS Journal reported on the FI’s initiative in 2014, when it was considering whether to choose Temenos or Infosys’ Finacle system. The bank’s legacy system, ICSFS’ ICS Banks, has been replaced. The new one will support Sterling’s Islamic finance system from Path Solutions, iMAL, which was launched in early 2014.
Sterling Bank emerged in early 2006 as a result of a merger of five domestic banks and provides services to individuals, SMEs and large corporations. CEO, Yemi Adeola, says: “Technology has become the backbone of the global
WHO? MIZUHO BANK WHAT? ONESUMX
subsidiary has implemented Wolters Kluwer’s OneSumX for risk calculations and multi country regulatory reporting. “Mizuho Bank needed a leading solution to ensure its regulatory obligations for the Netherlands, Belgium and Austria are managed comprehensively – Wolters Kluwer provides this. Especially now that The Dutch National Bank (DNB) is changing its delivery protocol, we rely on the firm’s expertise for our XBRL requirements,” says Jens Pöhland, MD and Chief Risk Officer at Mizuho Bank Nederland N.V.
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The DNB now requires institutions under its jurisdiction to produce financial reports in Extensible Business Reporting Language (XBRL), a global standard for exchanging business information. “A multi country implementation
igeria’s Sterling Bank has gone live with a
banking system today and as an institution, we are committed to continuously making the necessary investments to ensure we deliver the one-customer experience to all our customers. Our choice of Temenos is founded on their impressive track record and reliable service delivery; a trait synonymous with the core values we hold dear.”
Alex Hamilton
izuho Bank’s Netherlands-based
in the domain of regulatory reporting poses many challenges to an organisation,” comments Samir Tatou, who managed the project at Mizuho. “Thanks to the close collaboration between the bank and Wolters Kluwer we succeeded and won the trust of our compliance officers and our auditors.”
Scott Thompson
www.ibsintelligence.com © IBS Intelligence 2016
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