Canada Life moves to UK with Temenos’ tech support

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...
UK embraces contactless payments

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...
Vista Bank picks Temenos for African digital expansion

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...
Fears over Bank of Ireland €2bn tech revamp cost

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. Sources close to the project that spoke to The Times, say there are growing concerns about “scope creep”, with the plan being...
Kenya keen on regulatory fintech sandbox

Kenya keen on regulatory fintech sandbox

Kenya is the latest nation to show an interest in creating a regulatory sandbox for fintech innovation. In a speech by Paul Muthaura, chief executive of Kenya’s Capital Markets Authority (CMA), he discussed the plans and partnerships. No timelines were offered and not...