News

Canada Life moves to UK with Temenos’ tech support

Canada Life has picked Temenos’ Multifonds Global Accounting platform to support its UK investment accounting operations. Under this new agreement, Canada Life will upgrade from its legacy ICON platform migrating over 700 funds in over 2,000 unique share classes and...

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UK embraces contactless payments

Total UK contactless spending rose by nearly a third last year to £69 billion, with tap and pay now accounting for more than 40% of all card transactions, according to industry figures. The UK is now a contactless country, with 123 million of the country's 159 million...

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Vista Bank picks Temenos for African digital expansion

Vista Bank, an African challenger bank, has turned to Temenos to power its digital overhaul. The bank is implementing Infinity, a digital front office solution, and T24 Transact for core banking. Vista also has selected analytics and reporting, risk and compliance...

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Fears over Bank of Ireland €2bn tech revamp cost

Bank of Ireland’s five-year €900 million modernisation initiative – aka Project Omega – is over budget and costs could rise to €2 billion.
“Guaranteed banking expertise with OTAP Projects, you get results and reduce your costs”

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Kenya keen on regulatory fintech sandbox

Kenya is the latest nation to show an interest in creating a regulatory sandbox for fintech innovation.

“Guaranteed banking expertise with OTAP Projects, you get results and reduce your costs”

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Europe’s army of fintech start-ups

Plenty of discussions and arguments have been devoted to analysing why Europe can’t compete with the US and China in creating tech giants. Even though a $1 billion company sounds like a great achievement, it can’t really be compared with the giants having a capitalisation of $500 billion.

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PayPal picks Temenos T24 core banking system

PayPal has selected Temenos’ T24 core banking system, delivered in the cloud. The system will support several of PayPal’s businesses across multiple geographies, namely the US, UK, Germany and Australia. Temenos says this signing is important for the firm, as it...

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Russia’s fintech sector continues to grow

According to a new report from Deloitte and ID Finance, Russia’s private fintech sector continues to grow despite weaknesses in the economy and will be worth $810m by the end of 2018. This represents growth of 12% compared to 2017.

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Firms utilising risk-based to deal with Mifid compliance

Many firms have turned to a risk-based approach in assessing compliance capabilities to fall in line with the Markets in Financial Instruments Directive (Mifid), and its successor, Mifid II.

That’s according to John Byrne, CEO of Corlytics who was speaking this week as part of a webinar on regulatory compliance.

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