IBS Journal July 2018 Deals in detail
BAHRAIN NATIONAL HOLDING SIGNS UP TO TCS BaNCS FOR INSURANCE
B
ahrain National Holding (BNH) has selected TCS BaNCS for Insurance as part of its transformation strategy to enhance growth in Bahrain.
BNH offers a range of products for businesses and individuals and has embarked on a program to re-engineer its technology infrastructure.
Outlining its rationale and selection of TCS BaNCS, the CEO of BNH, Sameer AlWazzan, said: “We desire to bring innovation
and launch products that match global standards to our customers. TCS BaNCS offers us the agility to not only merge two large lines of businesses but develop and roll out newer products much faster.
“This unification of multiple lines of business will reduce operational and regulatory complexity and vastly improve efficiency and lay the foundation for enhanced digital adoption.”
DEGUSSA BANK SIGNS DIEBOLD NIXDORF IN ATM CASH MANAGEMENT DEAL
G C S
ermany’s Degussa Bank is outsourcing the management of the cash supply chain for its 220 automated teller machines to Diebold Nixdorf, part of the latter’s
AllConnect ServicesSM offering.
AllConnect ServicesSM, according to the vendor, will provide “end-to-end cash management” that covers “everything from the provisioning and operation of the ATMs, to cash supply and
implementation of banking requirements”.
“When we considered how to handle the operation of our ATMs in future, we analysed various business models and found Diebold Nixdorf’s cash-as-a-service offer to be compelling,” explained Uwe Hasse, service provider manager at Degussa Bank.
LANGLEY FEDERAL CREDIT UNION TAKES A SYMITAR TO ITS BUREAUCRACY
redit union Langley Federal has fallen in with industry trends and switched its IT platform to the Episys core processing platform.
It chose Symitar on the promise of ‘seamless integration’ with Episys and third-party vendors. Another critical factor was the option to tailor Episys to its own needs via PowerOn, which uses open, common programming protocols. All changes are made
within the protection of the core system while remaining independent.
“We wanted a core that could carry us through the next decade, that we could trust to stay ahead of industry tech advances. Symitar offers us that assurance with Episys,” said Deb Vollmer, senior vice president at the Langley Federal Credit Union.
SIOUX VALLEY CCU AND COULEE DAM FCU MOVE TO FISERV’S PORTICO SYSTEM
ioux Valley Community Credit Union, based in Iowa, and Coulee Dam Federal Credit Union, based in Washington, have moved to Fiserv’s Portico system.
Sioux Valley Community Credit Union was founded in 1952. The credit union will leverage the technology ecosystem that Fiserv provides to enable the institution’s growth strategy. Coulee Dam FCU was founded in 1941 to serve those working on the Grand Coulee Dam Project. The credit union will partner with Fiserv for a large portion of its technology solutions in addition
to core account processing – including online banking, loan origination, and more.
“As we evaluated our systems and needs, it became clear that streamlining technology was a critical step from an efficiency and member experience perspective,” said Shannon Burge, CIO at Coulee Dam FCU. “The Portico ecosystem will allow us to expedite internal processes thanks to its integration capabilities and the efficiencies of its hosted ASP technology model.”
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