Core banking systems

21 articles tagged with this keyword

/retail

Temenos ramps up AI offensive

Temenos has announced the launch of its Responsible Generative AI solutions as part of its AI banking platform.

/people

Temenos appoints CEO; says sales hit by Hindenburg report

Temenos says allegations of mismanagement made by short seller Hindenburg Research led to a temporary "lengthening of sales cycles" in the first quarter. Meanwhile, the core banking vendor has appointed former VMWare executive Jean-Pierre Brulard as CEO.

/payments

Monese plots break-up amid mounting losses

Troubled mobile banking startup Monese is formulating plans to splinter the business into separate consumer-facing and corporate concerns amid mounting losses.

/retail

10x to build Centres of Excellence in the UK, US and India with Deloitte

Core banking vendor 10x Banking has enlisted Deloite to target credit unions, building societies and mutual banks in the US and UK.

/cloud

Romania's Salt goes live with Starling's SaaS platform

Romanian digital bank Salt has gone live on Starling's SaaS platform Engine, onboarding 100,000 customers in its first two weeks.

/regulation

Temenos rejects Hindenburg claims after probe completed

Shares in core banking provider Temenos have risen upon news that an investigation commissioned by the company found that accusations of mismanagement by short seller Hindenburg Research were "inaccurate and misleading".

/retail

Westpac announces multibillion tech upgrade

Australian bank Westpac is planning to spend billions of dollars over the next four years to simplify its technology infrastructure.

/cloud

Danske Bank signs cloud deal with AWS

Denmark’s Danske Bank has signed a multiyear agreement with Amazon Web Services (AWS) as part of a strategy to invest more in cloud technology.

/retail

Citi Ventures invests in Tuum

Citi Ventures has invested in core banking provider Tuum, following on from last month's €25 million fund raise led by CommerzVentures.

/retail

Temenos to conduct independent review of Hindenburg allegations

Shares in embattled core banking vendor Temenos continued to wobble as the company reported full year results ahead of guidance but forecast slower growth in 2024 net earnings.

/people

Activist investor defends Temenos but calls for CEO's removal

Activist investor Petrus Advisers has called for the ouster of Temenos interim CEO Andreas Andreades in the wake of allegations made this week by Hindenburg Research. However, Petrus has rejected some of Hindenburg's criticisms of the Swiss fintech, arguing that it has recently made "substantial progress".

/retail

Temenos fights back against Hindenburg report allegations

Swiss core banking vendor Temenos has hit back at Hindenburg Research, insisting that the damning report published yesterday by the activist investment firm contains "factual inaccuracies" and "false and misleading allegations".

/retail

Temenos shares plunge on damning report

Shares in Swiss core banking vendor Temenos have plunged, after Hindenburg Research shorted the company alleging "accounting irregularities, failed products and an illusive turnaround".

/retail

10x signs first African client

Core banking vendor 10x has sealed a deal with its first African client, Old Mutual, the pan-African investment, savings, insurance, and banking group.

/startups

CommerzVentures leads €25 million Series B in Tuum

CommerzVentures has led a €25 million Series B financing round in Estonian core banking provider Tuum.

/people

Santander hoovers up tech talent for digital overhaul

Banco Santander recruited 4500 employees with tech skills in 2023 as it undergoes a comprehensive digital overhaul.

/wholesale

10x Banking gets capital injection

10x Banking, the core operating supplier founded by former Barclays CEO Antony Jenkins, has picked up $50 million in fresh funding from existing investors Blackstone and JPMorgan Chase.

/payments

Finextra's top research reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded whitepapers, sentiment papers and surveys over the course of the past year. These reports are Finextra-led and cobranded, based on editorially balanced, independent, referenced desk-based and online research.

/payments

Finextra's top impact study reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded impact study reports over the course of the past year. Our impact study reports are how-to, best practice guides that support those in the financial industry in their utilisation and optimisation of particular technologies, as well as providing an outlook at future trends to watch.

/cloud

Santander migrates corporate bank to new Gravity platform on Google Cloud

Banco Santander has successfully mirgated its corporate and investmenting banking business to its new cloud-native core banking platform, Gravity.