It's not all doom and gloom for financial technology - community blog from Elton Cane

While banks might be cutting rates for IT contractors - see Navjeet's blog post from last month, and the Barclays announcement yesterday - it seems quite a few vendors are still doing well. For core banking system vendors in particular, there has been a spate of good financial results. In its quarterly announcement today Temenos net income was up 37% on the prior year's quarter. Misys' full-year figures reported last week showed more modest growth, with operating profits up 10% for its treasury and capital markets division and up 2% for its banking division Meanwhile i-Flex also reported last week, with 188% net income growth on the year-ago quarter There was good news in payments processing too, with Global Payments net income for their full financial year up 23% And in high-end services and outsourcing for the financial... [read full story]