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India's Infosys Technologies says it has invested over US$60 million in the last three years on upgrading its flagship core banking platform Finacle.
20 February 2008
Hong Kong-based securities broker BOC International (BOCI) is rolling out wealth management technology supplied by local vendor WealthCraft Systems at its new private wealth management department.
29 January 2008
Luxembourg-based Odyssey Financial Technologies has acquired Xeye, a Canadian provider of wealth management technology. Financial terms of the deal were not disclosed.
23 January 2008
SunGard has acquired the assets of Philadelphia-based Financial Technology Integrators (FTI), which provides Web services applications to banks, trusts and investment firms. Financial terms of the deal were not disclosed.
07 January 2008
China Industrial Bank (CIB) has rolled out voice trading technology supplied by Orange Business Services across its new trading floor in Shanghai.
03 December 2007
Barclays Wealth says it is creating 800 back office jobs in response to increasing demand for its services and to support its expansion into new markets.
19 November 2007
NorthStar Systems International, a San Francisco-based provider of wealth management software, has closed an $18 million round of funding from existing and new investors.
13 November 2007
Spending on front-to-back wealth management IT by financial institutions in North America, Europe and Asia Pacific will reach $28.5 billion by 2012, up from $20.5 billion in 2006, according to a report by market analyst Datamonitor.
26 October 2007
US mutual fund manager Fidelity Investments says it is investing $50 million in the development of a Web-based wealth management platform, called WealthCentral, which will integrate the most critical operational systems for registered investment advisors.
24 October 2007
UK news and information group Reuters is using technology from California-based Vhayu to capture, analyse and store multi-asset class real-time market data for its wealth management platform.
23 October 2007
Barclays Wealth is in negotiations to expand its outsourcing agreement with Bank of New York Mellon and consolidate its business administration in Glasgow under a major re-organisation that will lead to the closure of its operations centre in Peterborough.
12 October 2007
UK fintech vendor Financial Objects is reporting a 46% rise in pre-tax profit for the first half of the year, despite revenue at the vendor's banking systems unit falling 21% during the period.
05 September 2007
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