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Netherland-based Intertrust, a provider of expert administrative services to corporate, fund, capital markets and private wealth clients, announced the acquisition of Viteos, a technology solutions provider for U.S. funds....

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LexisNexis Risk Solutions have released its latest survey titled The True Cost of Anti-Money Laundering (AML) Compliance: Asia Pacific Edition, wherein, the report shows that AML compliance rates have...

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HSBC has announced the launch of it’s Digital Accounts Receivable Tool (HSBC DART) using Identitii’s tokenisation technology, to its corporate clients in India. Identitii Ltd. is an Australia-based FinTech...

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Turkey-based Open Banking platform provider, Token.io, announced a $16.5m strategic investment from a pool of investors, including Opera Tech Ventures, the venture arm of BNP Paribas. Token’s past investors,...

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Swiss financial expert SIX has announced a partnership with SimCorp, wherein, Six’s Sanctioned Securities Monitoring Service will allow SimCorp’s clients to access up-to-date global sanctions data directly from SIX....

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TCS has announced that Taiwan-based KGI Bank has deployed TCS BaNCS‘ Core Banking solution for its corporate and consumer banking operations. According to the supplier, KGI Bank selected TCS BaNCS’...

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London-based company Algomi, a data aggregation technology provider for the optimisation of fixed income liquidity has announced that its product Algomi ALFA will enable orders to be executed on...

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Critical information, analytics and solutions provider, IHS Markit has announced that its ClearPar service has been enabled to deliver syndicated loan trade settlement and trade funding information directly to...

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Money-transfer company MoneyGram International, Inc. announced that they have entered into a strategic partnership with Silicon Valley-based Ripple, provider of enterprise blockchain solutions for global payments. Part of the...

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ABN AMRO has gone live with Temenos’ WealthSuite digital banking platform in a bid to power its international operations for private and corporate banking. The solution is expected to...

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Commercial Banking Applications AS (CBA), a Norwegian software vendor, has launched its latest IBAS GBF software version that includes IBAS GTF (Global Trade Finance Factory) & GPF (Global Payments...

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NICE Actimize has announced the launch of the X-Sight Marketplace, a financial crime risk management-focused marketplace aimed at accelerating FI’s growth, assessing infrastructure viability and adapting to the dynamic...

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Canada-based Leading security token platform Polymath has today announced a strategic collaboration with Hong Kong-based digital identity verification solution Blockpass. Blockpass will provide clients of the Polymath platform with...

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Bottomline Technologies has partnered with Starling Bank followed by the launch of its Real-Time Payments Express Service, which aims to assist the banks and corporates in sending, receiving and...

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UK-based payment solutions provider Allied Wallet announced that they have acquired a Hong Kong-based fintech Epayment. Allied Wallet has shown record-breaking growth for over a decade in the digital...

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Silicon Valley-based Ripple, a blockchain solutions provider for cross-border payments has expanded its operations to Brazil with the aim of establishing a footprint in South America. In addition, Ripple...

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Newly established bank and a subsidiary of local conglomerate Chip Mong Group, Chip Mong Bank (CMCB) has selected payments software provider, Compass Plus’ TranzWare with an aim to propel...

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IBS Journal of the Month

Sopra Banking Software has been in the spotlight with its recent acquisition spree and leadership position for its lending solution in the IBSI Sales League Table. IBSI speaks to its chief client officer and EVP specialised finance, Eric Bierry.

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The California-based firm’s CEO and founder, Mansour Karam, talks about enabling IT to achieve superhero status. He founded Apstra in 2014 along with Sasha Ratkovic and David Cheriton. It is headquartered in Menlo Park, California and is privately funded. It is a Gartner Cool Vendor, and Best of VMworld winner.

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Cedrus Bank was founded in 2015 when Cedrus Invest Bank (CIB) completed its acquisition of Standard Chartered Lebanon from Standard Chartered Bank. Cedrus Invest Bank and Cedrus Bank together form the Cedrus Group and offer a diversified range of banking products and services across commercial, retail, private and investment banking. Along with the acquisition of Standard Chartered Bank, came the complexity of consolidating multiple systems, including systems related to compliance and risk management.

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This section is a monthly snapshot of activity in the banking technology system space. This is useful for anyone who wants to track banking system sales on a regular basis. The Who’s Bought What provides all the key details of the deal such as the bank that bought the system, the type of system, the supplier and the system name, and the country of sale.

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