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Broadridge Financial and Northern Trust have announced an agreement wherein the latter will transfer its distributed ledger technology (DLT) platform for private equity asset servicing to Broadridge. “The alternatives/PE...

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Israel-based Cappitech, a regulatory reporting provider and London-based IHS Markit, a provider of critical information, analytics and solutions, announced an alliance to deliver the IHS Markit Securities Financing Transactions...

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ACI Worldwide has announced the launch of its ACI Disbursement Services, a solution which aims to allow businesses to send money to consumers’ bank accounts in real-time. The solution,...

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Bangalore-based SME focused fintech Open Financial has raised $30 million USD (INR 210 crores) in a Series B round led by Tiger Global Management with participation from investors such...

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Israel-based Personetics, a provider of AI-powered personalization and customer advocacy solutions used by the world’s top banks, has announced that its data-driven actionable insights will now be available for...

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Finastra has partnered with UK-based intelligent automation software company Xceptor, in a bid to offer new reconciliation functionality to its securities market customers. The partnership will enable Finastra’s Fusion...

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P27 Nordic Payments Platform AB, (an initiative by six banks namely Danske Bank, Handelsbanken, Nordea, OP Financials Group, SEB and Swedbank) has partnered with Mastercard for providing real-time and...

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Financial services company Visa has announced the acquisition of California-based Rambus, a silicon IP and chip provider for an undisclosed amount to expand Visa’s token services and ticketing business....

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Swiss FinTech NetGuardians has appointed to its board Paolo Buzzi, co-founder of Swissquote, a provider of online financial and trading services in Switzerland. Paolo will be joining the board...

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Oracle has announced the launch of its AML platform, Oracle Financial Services Anti Money Laundering (AML) Express Edition, to assist the small and mid-sized banks against money laundering and...

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ONPEX, the Luxembourg based provider of multi-currency IBAN accounts, has partnered with the international payments company Moorwand, to expand its banking capabilities through next-generation IBAN solutions. Through this collaboration, Moorwand...

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J.P. Morgan has announced the launch of E-Customs Payment Solutions in China, in a bid to provide a fully digital and automated cross-border payment of goods. “J.P. Morgan’s E-Customs...

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Token.io has announced that Estonia-based Tallinn Business Bank (TBB) has selected Token to deliver PSD2 compliance in partnership with technology provider Icefire. The partnership will see Icefire integrating Token’s...

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SILO Compliance System and Acuris have announced a partnership to enhance Anti-Money Laundering efforts. Cayman Island-based SILO Compliance System is a comprehensive, risk-based client due diligence management solution used...

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Xena Exchange, the Ireland based cryptocurrency exchange has announced it has partnered with Sumsub to make on-boarding of new businesses and individual customers faster and more secure. Sumsub is...

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UK-based wealth management firm LGT Vestra is developing new mobile capabilities to enhance the digital experience for their high-net-worth clients. Their wealth management mobile app and client portal is...

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Temenos has announced that Banque du Caire has gone live with Temenos Infinity in a bid to transform its multiple banking channels as well as enhance its customer journey...

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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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