IBS Journal December 2015


Who’s bought what? WHO? National Bank of Kenya WHAT? JMR Infotech’s Genie de Banca digital platform


India-based JMR Infotech has gained the first customer for its brand new offering, Genie de Banca. This is National Bank of Kenya (NBK), a long-standing customer of JMR Infotech. JMR Infotech previously helped the bank to implement a new internet banking system, Oracle FSS’s Flexcube Direct. NBK will deploy Genie de Banca, a digi-


tal unified platform that enables banks and financial institutions to increase asset and fee-based incomes, through selling addition- al non-banking products and services. These


can be ‘lifestyle essentials’, says JMR Infotech, such as a car, real estate, insurance, education, and various lifestyle goods and services. Genie de Banca can be integrated with


any existing internet banking solution, says JMR Infotech. Jayafar Moidu, CEO of JMR Infotech,


describes the new product: ‘It is a ful- ly automated and integrated platform for managing B2B2C offerings and it takes care of all workflows, processes, communica- tions requirements of a bank, empanelled vendors and bank’s customers.’


Genie de Banca allows banks to offer


products and services to their customers at discounted prices (pre-negotiated with the bank’s vendors). Via a single online win- dow, a customer can go through the entire purchase cycle – from enquiry to selection and payment. ‘If a customer opts for financing, the


entire credit rating and loan approval is processed by Genie de Banca and passed to the bank’s loan management system,’ Moidu adds.


Tanya Andreasyan WHO? Haitong International Securities WHAT? Sungard’s Global One


Haitong International Securities Group has chosen Sungard’s Global One solution to manage its new stock lending and borrow- ing business in Hong Kong. Global One will provide front office trade input and management for its principal lend- ing business with operational tasks for auto- mated dividend and corporate action pro- cessing, settlement procedures, marks and full exposure and collateral management. Haitong says it is looking to handle


more of the trade flow resulting from the growth of cross-border equity trading via Shanghai-Hong Kong Stock Connect (the cross-boundary investment channel that connects both stock exchanges). Duke Du, MD, equity derivatives, says:


‘We chose Sungard for this new business given the company’s proven track record with the Global One product and its knowledge in this industry. Adding to this, the Global One product was delivered on-time and on- budget which helped us manage the launch of the stock lending business at Haitong.’ From a business perspective, Du adds:


‘Global One will allow us to process lists of securities that a counterparty might require. Using the system’s Lender Trading Grid, we can successfully check our inventory, assign


28 © IBS Intelligence 2015


a lending fee, and book multiple security loans in a short period of time.’


Global One has also had another taker


recently. Mitsubishi UFJ Trust & Banking Cor-


poration went live on Global One and XSP solutions in a hosted environment to ‘help lower its total cost of IT resources’.


Mark Okochi, senior vice-president, IT,


Mitsubishi UFJ (US), says: ‘Running our oper- ations using Global One and XSP within Sungard’s managed services environment removes the burden for hosting and man- aging hardware, software and telecommu- nications infrastructure requirements.’ Antony Peyton


WHO? State Bank of India Paris WHAT? Wolters Kluwer’s OneSumX


State Bank of India (SBI) Paris has signed up for Wolters Kluwer Financial Services’ OneSumX regulatory reporting services. The French branch of India’s largest


commercial bank will use the OneSumX solution to ensure regulatory compliance for its activities in the country. SBI Paris says it chose Wolters Kluwer


after a ‘competitive’ selection process to replace its existing solutions to produce reports for bodies such as the French Pru- dential Supervisory Authority (Autorité de contrôle prudentiel et de résolution – ACPR) and the European Banking Authority (EBA).


SBI already uses Wolters Kluwer for its


regulatory reporting needs in other loca- tions, including Belgium, South Africa and Singapore.


Subodh Kumar, CEO of SBI Paris, says:


‘Following the selection process in France it was apparent that OneSumX would be an excellent choice as an automated solu- tion that can interface with our core bank- ing platform [Infosys’ Finacle], producing reports for the ACPR and EBA. Likewise, the bank will benefit from the audit trail functionalities offered through OneSumX.’ Antony Peyton


www.ibsintelligence.com


recent orders


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44