IT Contracts

RBI Fintech DealWatch tracks recent major
technology contract wins with a focus on the retail financial
services industry as well as fintech mergers and acquisitions and
innovative new product launches

Country

Participants

Type/value

Details

Date

Russia

Sberbank, Verifone

Payments contract win

Verifone has been awarded a multimillion
dollar order for a portfolio of its payment solutions by Russia’s
largest bank Sberbank.

24 Feb

US

First Data, TIO Networks

Payment processing joint venture

Payment processor First Data has agreed a
deal to integrate processing services from US-based multi-channel
bill payment processor TIO Networks.

24 Feb

UK

GoPayforit

Rebranding

GoPayforit, the UK-based mobile payment
service that enables content owners to generate revenue by directly
billing users mobile phones, has rebranded as ImpulsePay.

24 Feb

Switzerland

Zurich Cantonal Bank, Odyssey Financial
Technologies

Portfolio management contract win

Zurich Cantonal Bank has implemented Odyssey
Financial Technologies’ portfolio management platform to support
the growth of its asset management business in Switzerland.

24 Feb

US

Team One Credit Union, Dynamic Card
Solutions

Card personalisation contract win

Michigan-based Team One Credit Union is to
issue unembossed Visa debit and credit cards supplied by US-based
Dynamic Card Solutions.

24 Feb

Switzerland

UBS, IBM

Security contract

UBS has become the first bank to deploy IBM’s
Zone Trusted Information Channel, a USB-attached device that
connects to a user’s computer to add an extra layer of security to
existing authentication systems.

23 Feb

US

Vantage Credit Union, Geezeo

Online consumer finance platform
implementation

Missouri-based Vantage Credit Union has
implemented Geezeo’s online consumer finance platform, that offers
personal financial management, social networking and web community
platforms.

23 Feb

US

The Bancorp Bank, UniRush

Prepaid card contract win

Delaware-based The Bancorp Bank is to issue
RushCard, a prepaid card from card supplier UniRush.

23 Feb

US

HSBC, Trusteer

Security contract win

HSBC is to offer its online banking customers
a free security download service, Rapport, supplied by
US-headquartered vendor Trusteer. The software protects customer
data and prevents fraudulent activity by locking down browsers to
prevent unauthorised access to web pages and to the confidential
information that flows through the browsers.

23 Feb

Russia, Ukraine

Ukash, Roboxchange.com,
RBK Money, LiqPA

Prepaid joint venture

UK-headquartered prepaid cash collection
network Ukash has agreed strategic partnerships with three e-wallet
providers, Roboxchange.com, RBK Money and LiqPA, to expand its
presence in Russia and the Ukraine.

23 Feb

China

Western Union, four regional Chinese
banks

Payments contract win

Global payments services firm Western Union
has signed agreements with four regional Chinese banks – Bank of
Jilin, Bank of Harbin, Fujian Haixia Bank and Zhejiang Chouzhou
Commercial Bank – to offer money transfer services. The new agent
banks augment Western Union’s existing bank agents in the country:
the Postal Savings Bank of China, Agricultural Bank of China and
China Everbright Bank.

23 Feb

Country

Participants

Type/Value

Details

Date

UK

Cumberland Building Society, Albany

Payments contract win

UK regional building society The Cumberland
has implemented Albany’s ePAY electronic payment software.

23 Feb

US

Space Coast Credit Union, Fiserv

Processing and online banking contract
win

Florida-based Space Coast Credit Union has
signed a five-year deal with Fiserv for the provision of debit,
credit and ATM processing, online banking and electronic bill
payment.

23 Feb

US

Georgetown Savings Bank, LifeLock

Security contract win

Massachusetts-based local lender Georgetown
Savings Bank is to offer customers free identity theft protection
from security vendor LifeLock.

23 Feb

India

Yes Bank, Cordys

Process automation contract win

Indian-based private sector lender Yes Bank
has entered into a partnership with Cordys, a Dutch-based supplier
of software for business process innovation to automate, manage and
improve key business processes.

23 Feb

US

Bank of Taiwan, Unisys

Outsourcing contract win

Unisys has received a new two-year
outsourcing contract from the Bank of Taiwan. Under the agreement,
Unisys will extend its new core banking system to support Bank of
Taiwan’s international branches.

22 Feb

UK

Intelligent Environments

Capital raising

UK-based m-banking vendor Intelligent
Environments has raised £750,000 ($1.1 million) via a share placing
to help fund development of a new mobile banking platform.

18 Feb

Senegal

Credit Libanais, Delta Informatique

Core banking contract win

Senegal’s Credit Libanais has selected Delta
Informatique’s core banking software, Delta-Bank. Implementation of
the software will be incorporate core banking modules, channels and
customer relationship management.

17 Feb

US

First National Bank of Omaha, Online
Resources

Collections contract win

First National Bank of Omaha has signed a
multi-year online collections agreement with Online Resources
Corporation.

17 Feb

US

Markit, Storm Networks

Acquisition

Markit has acquired the technology assets of
US-based Storm Networks, a syndicated loan market specialist.

16 Feb

India

Yes Bank, Nokia

M-banking agreement

Nokia has partnered with Yes Bank on a mobile
banking trial using from Obopay, the US-based m-payments firm in
which Nokia has a minority stake.

16 Feb

China

Bank of East Asia, Clear2Pay

Payment solutions contract win

Bank of East Asia has implemented Clear2Pay’s
payment solutions system across its 70-branch-strong network in
China.

16 Feb

France

Oberthur, Utiba

Joint venture

France-based Oberthur Technologies, the
world’s second largest provider of smart cards solutions, has
agreed a partnership with Utiba, a supplier of mobile commerce
platforms, to create a suite of secured mobile money services.

15 Feb

Sweden

Nordea, SunGard

Risk, security software contract win

Nordea is to expand its use of SunGard’s
software solutions for risk, trading and securities finance.

15 Feb

Russia

AF Bank, Temenos

Core banking contract win

Russia-based AF Bank has implemented Temenos’
T24 core banking system across its branch network.

15 Feb

Canada

Caisse Horizon Credit Union, Fiserv

Core banking contract win

Canada-based credit union Caisse Horizon has
signed on to use Fiserv’s Acumen core banking platform.

12 Feb

US

Thomson Reuters, Aegisoft

Acquisition

Thomson Reuters has acquired US-based
Aegisoft, a provider of electronic trading and testing tools.

9 Feb

France

BNP Paribas, Gemalto

Cards supply contract win

BNP Paribas has selected digital security
vendor Gemalto as part of its first global tender covering 15
countries. The contract will involve the supply of EMV banking
cards and personalisation services for a two-year period.

3 Feb

Finland

Gemalto, Valimo

Acquisition

France-based digital security vendor Gemalto
has acquired Finland-based mobile authentication vendor Valimo
Wireless. Valimo’s service lets mobile phone users authenticate
themselves securely, digitally sign documents and confirm legally
binding transactions by entering a self-chosen passphrase or
PIN.

3 Feb

UK

Nationwide Building Society, Unisys

Hardware contract win

The UK’s largest building society Nationwide
has partnered with Unisys to virtualise 500 servers at the
society’s data centre in a project projected to save the Nationwide
over £8 million ($12.2 million).

3 Feb

US

Fynanz

Capital raising

Fynanz has raised $6.5 million in a capital
raising exercise. The US-based firm runs a private lending
marketplace that enables credit unions to offer loans for
students.

2 Feb

New Zealand

Kiwibank, Ultradata

Core banking contract renewal

Kiwibank has announced it is to maintain its
long-standing relationship with Ultradata by continuing to use its
Ultracs core banking platform.

1 Feb

Ireland

Cognotec

Firm failure

Ireland-based software firm Cognotec, a
supplier of dealing systems to the global banking market, has gone
into receivership.

29 Jan

Germany

Deutsche Bank, SAP

Core banking contract win

Deutsche Bank is to replace its various IT
systems with a unified core banking platform based on technology
from SAP. The deal follows on from Deutsche’s December announcement
that it planned to consolidate and rebuild its retail banking IT
platform (see RBI 625).

27 Jan

UK

Earthport

Capital raising

UK payments group Earthport has raised
£875,000 ($1.3 million) in new capital.

26 Jan

US

VocaLink, Fiserv, OneVu

Acquisition

VocaLink has bought out joint venture partner
Fiserv to take control of electronic bill presentment and payment
vendor OneVu.

25 Jan

Source: RBI