IBS Journal December 2015


WHO? Mansour Bank for Investment WHAT? ICS Banks core system from ICSFS


Iraq-based Mansour Bank for Investment has selected ICS Financial Systems’ (ICSFS) ICS Banks core banking system. The deal was approved by Mansour


Bank’s majority shareholder, Qatar National Bank (QNB). QNB has a 51% stake in Man- sour Bank.


ICS Banks will replace Misys’ Equation


core banking system, which the bank had been using since 2009. At that time, Misys, with its Islamic banking software support,


managed to make breakthroughs in Iraq at Mansour Bank (and in Yemen at National Bank of Yemen). Mansour Bank’s parent, QNB, is a long-standing user of Misys’ Equation. Mahdi Mohammed Jawad Al Rahim,


chairman at Mansour Bank for Investment, says: ‘We are pleased to confirm our part- nership with ICSFS, to meet our clients’ var- ious banking needs in the financial market; especially the Iraqi market, as ICS Banks has


a proven track record in Iraq.’ Wael Malkawi, executive director for


business development, ICSFS, says that the vendor’s software ‘has been live and fully operated in the Iraqi market since March 2001’.


Mansour Bank was established in 2005


and opened for business in April 2006, with its main branch in Baghdad. It has subse- quently expanded to other cities in Iraq. Antony Peyton


WHO? Wasatah Capital WHAT? Profile Software’s IMSplus Asset Management


Saudi Arabia-based investment company Wasatah Capital has selected Greek vendor Profile Software’s cloud-based IMSplus Asset Management solution. The software will be used to manage the


full range of Wasatah Capital’s fund and dis- cretionary portfolio management operations. The firm chose Profile after ‘an interna-


tional vendor assessment’ programme that looked at a number of providers globally. IMSplus, according to Profile, deploys a number of front, middle and back office modules that can handle fund accounting, performance analysis, risk metrics and portfolio modelling and balancing. By utilising IMSplus, Profile says, Wasa-


tah Capital will be able to fully automate the analysis, evaluation and reporting of its cli- ents and funds. The asset management firm is also con-


sidering implementing the vendor’s IMSplus Mobility and Web platforms. The selection of IMSplus by Wasatah


marks the first foray for Profile into the Saudi Arabian market. Its customer base is main- ly comprised of Greek banking institutions


like Piraeus Bank, Hellenic Bank and National Bank of Greece. The vendor went live with its first UK cus-


tomer, Elevate Capital, in August. It also pro- vides software to Hinduja Bank in Switzerland and NCM in Luxembourg. The company has done business in the UAE, too, with insurance firm ADNIC having


selected IMSplus Asset Management to mon- itor its financial assets and portfolios. Profile tells IBS Intelligence that it has


signed on more IMSplus customers in the Middle East. The names of the companies in question will be announced in the near future, it says.


Alex Hamilton WHO? China Bank WHAT? Calypso’s TCM system


Calypso Technology, a treasury and capital markets (TCM) software provider, has signed its first client agreement in the Philippines with China Banking Corpora- tion (China Bank). Calypso will replace China Bank’s legacy


treasury system – Misys’ FusionCapitalKon- dor – with its front-to-back trade process- ing solution. Calypso will also be interfaced to China Bank’s main core system, Infosys’ Finacle (the bank signed for it in 2012). Antonio Espedido, Jr, executive


vice-president and head of the financial capital markets and investment segment, China Bank, describes Calypso’s technolo- gy as ‘modern’ and ‘highly scalable’, and is confident it will allow the bank to ‘achieve aggressive growth targets’. Calypso is working with its local part-


ner Kris FinSoftware on the project. The latter recently worked on Oracle FSS’s Flex- cube core banking system implementation with Rang-ay Bank.


Antony Peyton


© IBS Intelligence 2015


www.ibsintelligence.com


29


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