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May 29, 2022
Finance Technologies

Top ten core banking system projects in 2018

Core banking tech is on!

Core banking software is back in fashion! Here is a compilation of the banks’ tech overhaul efforts from across the globe:

Redwood Bank first in UK to put core banking tech on Microsoft Azure cloud
UK’s first 100% “born in the cloud” bank goes on the record about its tech and providers.

Australian Military Bank powers digital transformation with Infosys Finacle on cloud
AMB and Infosys implement SaaS model digital banking suite in ten months.

IBIS3G core banking system lives on
Berner Kantonalbank will develop it to IBIS4D.

Santander UK to launch digital financing platform for SMEs
Mambu is providing its core banking tech to Santander’s new SME platform.

Thailand’s Kasikornbank selects Avaloq core banking system
The project is Avaloq’s first in the country.

KBC in group-wide tech renovation project with Temenos
KBC is on a “progressive renovation” journey of its international operations.

MUFG Union Bank picks FIS Profile core banking system
FIS beat Temenos to the deal.

Dutch savings bank LeasePlan makes the jump to Ohpen’s cloud tech
The bank moves away from Oracle FSS’s Flexcube, an on-premises system.

Milleis Banque (formerly Barclays France) in wealth management tech revamp
New owner AnaCap aims to create “the leading independent wealth manager in France”.

Australian neobank Xinja goes live with SAP Cloud for Banking
Following a “rapid” three-month implementation.


Bonus stories: the projects banks wish to forget

TSB’s April IT crash leads to £107m loss
TSB’s migration from Lloyds’ tech goes awry.

BB&T scraps SAP core banking tech project
SAP’s first core banking tech deal in the US was “a leap of faith” for the bank.

Top ten core banking system projects in 2018
Top ten core banking system projects in 2018
Fintech

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