IBS Journal February 2015
in this issue
Zions Bank reaches milestone with TCS Bancs core banking project China Commercial Bank expands to Tanzania, opts for Flexcube core BIL scraps Avaloq roll-out for core banking and BPO joint venture New bank gains licence in the UK
Hampden & Co gears up for launch, outsources core system ops to Oracle Sainsbury’s Bank suffers systems outage
Infosys upbeat on Finacle results, expects further growth Temenos sales warning brings share price tumble
Australia moves forward with New Payments Platform project MCO signs deals with Spanish and German banks FIS reports on progress of software renewal plans Monitise looking for buyer
iCreate rebrands ahead of US launch VPBank in data governance overhaul
MERGERS & ACQUISITIONS
Tech Mahindra acquires banking systems specialist Sofgen SS&C takes over rival vendor, DST Global Solutions
Objectway to launch new investment management platform in the UK TwoFour Systems merged into Broadridge
SYSTEM SELECTIONS
Africa core banking round-up: system selections from the continent Reserve Bank of New Zealand in payments software search State-owned Myanmar Economic Bank looks for new core system
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BANKING TECHNOLOGY IN THE MIDDLE EAST ANALYSIS: Jordan’s central bank pioneers payments revolution
PROJECT SPOTLIGHT: Banque de l’Habitat embarks on system overhaul CASE STUDY: Jordan Kuwait Bank in root-and-branch IT modernisation
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ANALYSIS: p o Core system transformation – the role of leadership
o Risk management – the new world of risk and compliance INTERVIEW: ABN Amro on ATM outsourcing SPOTLIGHT: What’s next for ATM networks?
Editor’s Note: The musings of Tanya Andreasyan Recent Orders: A round-up of who’s bought what Diary of Events: Upcoming conferences worldwide Industry Bytes: A year of acquisitions Appointments: On the move
Backchat: The latest gossip from the industry © IBS Intelligence 2015
Director, Editor in Chief Martin Whybrow Tel: +44 (0)1303 263 525 Email:
martinw@ibsintelligence.com Editor, IBS Journal Tanya Andreasyan Tel: +44 (0)1303 263 529 Email:
tanya@ibsintelligence.com Deputy Editor, IBS Journal Lawrence Freeborn Tel: +44 (0)1303 263 523 Email:
lawrencef@ibsintelligence.com Reporter Jan Metcalf Tel: +44 (0)1303 263 522 Email:
janm@ibsintelligence.com Reporter Matthew Tanton Tel: +44 (0)1303 263 533 Email:
matthewt@ibsintelligence.com Advertising Manager Sallie Payne Tel: +44 (0)1303 263 527 Email:
salliep@ibsintelligence.com Designer Chiara Colombi Business Support Manager Ian Catley Sales Administrator Sandra Carr Data Researcher & Online Editing Assistant Claudie Sculley
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IBS Intelligence is a trading name of IBS Publishing Ltd Registered Office IBS Publishing Limited, 8 Stade Street, Hythe, Kent, CT21 6BE, UK. Registered in England and Wales, Registration no 5365737 Tel: +44 (0)1303 262 636 Fax: +44 (0)1303 262 646 Email:
info@ibsintelligence.com ISSN: 0965-674X
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Luigi Marciano, Objectway 18 ABN Amro headquarters in Amsterdam 46
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