Temenos Group has signed an agreement to acquire the core banking assets of Informer Group for US$40.3m in cash and shares. The transaction is expected to be accretive to adjusted EPS by US$0.02 in 2008 and by US$0.08 in 2009 (adjusted EPS adds back the amortisation of acquired intangibles). Informer SA, a listed provider of software and services for core banking, has been an authorised licensor and system integrator for Temenos in Greece, eastern Europe, the Balkans and the Middle East since 1995. Through the acquisition, Temenos will gain an expanded footprint in these markets and also immediate entry into Romania and Egypt, where Informer already has an established presence. Across its regions, Informer Group has a client base of approximately 15 institutions using T24/Globus. In addition to acquiring this customer base and the corresponding maintenance stream, Temenos will gain access to over 60 system implementers – who have on average three years experience installing T24/Globus – to support the group’s growth. Temenos has also announced that Brazil’s Votorantim Bank has gone live with T24 to support its international wealth management operations.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more