Payment news, November 30

IE launches new mobile banking platform, while MCB Bank in Sri Lanka implements SunGard's Ambit Online Banking solution.

IE launches new mobile banking platform

IE, part of the Parseq group providing digital banking software for financial companies, has announced the launch of mobinetic, a mobile banking platform that gives financial providers the ability to deliver fully branded mobile banking services and value-add initiatives to their customer base.

James Richards, director of mobile for IE, said in a statement: "A number of high profile financial providers have already signed up to mobinetic and deployed it to their customer base. Our success in the market to date builds on more than 15 years of experience of deploying integrated and secure digital solutions within core banking environments."

MCB adopts SunGard’s Ambit Online Banking service

MCB Bank Sri Lanka, a large retail and corporate bank in Sri Lanka, has implemented SunGard's Ambit Online Banking solution to help it offer a secure and convenient channel for 24/7 banking services. The solution will also help enhance the bank’s client service and reduce operational costs.

Muhammad Azam Naeem, vice-president of operations and IT at MCB Bank, said: "The deployment of SunGard's Ambit Online Banking solution is a major milestone for MCB Bank. Our customers are tech-savvy and with the launch of this new service, we are expecting to attract more such customers. MCB Bank Sri Lanka is committed to the highest standards of customer service, and to leveraging leading technology to better service our customers and make banking with us an enriching experience. We appreciate SunGard's support in implementing this solution to our timelines."

J.P. Morgan announces successful migration of ANZ’s direct and master custody clients

J.P. Morgan Treasury & Securities Services has today announced it has completed the successful migration of direct and master custody clients from ANZ Custodian Services, which was acquired by J.P. Morgan in November 2009.

Jane Perry, CEO of J.P. Morgan Treasury & Securities Services, Australia and New Zealand, said the strategic acquisition of the ANZ Custodian Services business builds on J.P. Morgan’s service offering as the only local firm to provide the full range of global, domestic, direct custody and fund administration services to local and international institutions and fund managers.

“As custody continues to move towards a scale-driven business model, we will continue to ensure that our clients benefit from our integrated solutions, our global platform, and our deep local expertise in the local market. We remain committed to enhancing our on-ground coverage in key Australasian financial centres such as Melbourne and Wellington, and further broadening the wide range of innovative solutions available to our clients,” said Perry in a statement.

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