APAC UPDATE
Corporate Developments
Indian software services provider Satyam Computer Services’ chairman Ramalinga Raju has resigned after announcing the company had falsified accounts and assets.
MasterCard announced that it is to acquire Orbiscom, an Ireland-based payments solutions software provider, for a purchase price of approximately $100 million.
Core Banking
Russia’s Alfa Bank has extended its relationship with solutions provider Misys until 2020 to jointly ensure the bank complies with the central bank’s regulations and accounting standards.
ERI announced Axis Bank’s Singapore branch has gone live with its Olympic Banking System to support its wealth management and private banking offering.
Nucleus Software reported that the UAE’s National Bank of Umm Al Qaiwain has chosen its FinnOne Suite to support its retail finance division, which offers auto, personal and home loans.
e-Channels
In the US, uMonitor announced that Standard Bank and Trust has selected its online account opening and funding solution, uOpen & uFund.
Payment Systems
The State Bank of Vietnam is to launch a centralised e-transaction system in March that will allow local banks to pool transaction information and thus cut back internet banking fraud.
Australian payments technology provider Distra has entered into a strategic alliance with National Australia Bank to develop and promote a range of new payments products and services.
Transaction Services
Broadridge Financial Solutions said that Canada’s Manulife Securities has implemented its Dataphile solution for over 1,500 advisors in its securities and mutual funds business segments.
ATMs and Branches
Al Rajhi Bank announced that Visa has provided technical and consultancy support for the bank’s installation of ATMs that accept chip-cards across Saudi Arabia.
Bahrain Islamic Bank has launched its first drive-in ATM in the city of Muharraq.
Indonesia's Bank Central Asia has chosen Wincor Nixdorf to provide kiosk and ATM technologies to expand its multi-channel self-service network.
Consulting
PricewaterhouseCoopers Services, a previously existing private limited company in Singapore, converted into a limited liability partnership on 1 January 2009.
Vietcombank Securities will serve as listing consultant to Vietcombank, which is seeking to list shares on the Ho Chi Minh Stock Exchange.
Other Products and Services
IBM has signed a $5 million IT agreement with India’s Kotak Mahindra Bank to design, build and maintain an energy-efficient green data centre and a converged IP network infrastructure.
Business Control Solutions said it has signed a contract with HSBC to supply BCS Agent Reconciliation Control application that will act as the bank’s single source of agent bank fee data.
People
CASSIS International, a provider of end-to-end information and communications technology solutions, has named Tan Teong Hean, former CEO of Malaysia’s Southern Bank, as its chairman.
Electronic payments specialist Hypercom Corporation has announced the appointment of Stuart Taylor as vice president of global marketing.
Indian software services provider Satyam Computer Services’ chairman Ramalinga Raju has resigned after announcing the company had falsified accounts and assets.
MasterCard announced that it is to acquire Orbiscom, an Ireland-based payments solutions software provider, for a purchase price of approximately $100 million.
Core Banking
Russia’s Alfa Bank has extended its relationship with solutions provider Misys until 2020 to jointly ensure the bank complies with the central bank’s regulations and accounting standards.
ERI announced Axis Bank’s Singapore branch has gone live with its Olympic Banking System to support its wealth management and private banking offering.
Nucleus Software reported that the UAE’s National Bank of Umm Al Qaiwain has chosen its FinnOne Suite to support its retail finance division, which offers auto, personal and home loans.
e-Channels
In the US, uMonitor announced that Standard Bank and Trust has selected its online account opening and funding solution, uOpen & uFund.
Payment Systems
The State Bank of Vietnam is to launch a centralised e-transaction system in March that will allow local banks to pool transaction information and thus cut back internet banking fraud.
Australian payments technology provider Distra has entered into a strategic alliance with National Australia Bank to develop and promote a range of new payments products and services.
Transaction Services
Broadridge Financial Solutions said that Canada’s Manulife Securities has implemented its Dataphile solution for over 1,500 advisors in its securities and mutual funds business segments.
ATMs and Branches
Al Rajhi Bank announced that Visa has provided technical and consultancy support for the bank’s installation of ATMs that accept chip-cards across Saudi Arabia.
Bahrain Islamic Bank has launched its first drive-in ATM in the city of Muharraq.
Indonesia's Bank Central Asia has chosen Wincor Nixdorf to provide kiosk and ATM technologies to expand its multi-channel self-service network.
Consulting
PricewaterhouseCoopers Services, a previously existing private limited company in Singapore, converted into a limited liability partnership on 1 January 2009.
Vietcombank Securities will serve as listing consultant to Vietcombank, which is seeking to list shares on the Ho Chi Minh Stock Exchange.
Other Products and Services
IBM has signed a $5 million IT agreement with India’s Kotak Mahindra Bank to design, build and maintain an energy-efficient green data centre and a converged IP network infrastructure.
Business Control Solutions said it has signed a contract with HSBC to supply BCS Agent Reconciliation Control application that will act as the bank’s single source of agent bank fee data.
People
CASSIS International, a provider of end-to-end information and communications technology solutions, has named Tan Teong Hean, former CEO of Malaysia’s Southern Bank, as its chairman.
Electronic payments specialist Hypercom Corporation has announced the appointment of Stuart Taylor as vice president of global marketing.
Comments