In a new report entitled "Case Studies in Core Banking Systems Replacement," Celent has published three case studies revolving around core banking systems replacement Santander in Spain, Deutsche Postbank in Germany and ABN Amro in India. The consultancy says that
DST International (DSTi) says PT First State Investments Indonesia (FSII) a wholly owned subsidiary of First State Investments and the funds management arm of the Commonwealth Bank of Australia (CBA) has bought Hi Portfolio. The group has US$62.9 billion (A$94.2billion)
DST International (DSTi) says Thai retail broker Adkinson Securities PLC (Adkinson) has bought HiTrade, its front end processing solution for brokers. Adkinson plan to go live on HiTrade by June 2004. Adkinson is focused on retail investors and has more
SmartStream Technologies says its TLM Reconciliations solution is now live and in full production in all time zones Clients include HVB Group, WestLB, Brown Brothers Harriman, Newton Asset Management, Commerzbank, Norwich Union, State Street, and Bear Stearns Asset Management. "TLM
Williams de Bro, the London based stockbroking subsidiary of ING Belgium, has signed a seven year outsourcing agreement with ADP Wilco for the processing of both its institutional and private client operations. The agreement will make Williams de Bro the
In private wealth management, technological Nirvana is a platform that integrates back office data in full, giving wealth managers and private bankers a holistic view of their clients, and clients regular, easily accessible updates on their net worth. Four years
Pegasystems has joined IBM's ISV Advantage Initiative. The initiative aims to provide IT vendors with technical and marketing support to meet the needs of small and medium sized businesses. Pegasystems, which provides rules based business process management solutions, reckons participation
SunGard says that intelliMATCH EP (a matching, reconciliation and exception processing solution) has acquired a SWIFT Ready Gold label for a fifth consecutive year. It was accredited for reconciliation of both securities and cash. "We were pleased to award the
Integrated Decision Systems, a US based supplier of portfolio management and compliance systems to fund managers, prime brokers, and wealth managers, has relocated its headquarters from Los Angeles to New York. "IDS has begun an expansion in sales, product and
Financial Technologies International (FTI) says that Franklin Templeton Investments an existing FTI customer has bought its StreetReference reference data management application. StreetReference, along with the previously installed accounting engine StreetBooks, will form the foundation of a global information data store