IBS Journal December 2015


Aktia Bank delays core banking system go-live, increases the budget… again


Aktia Bank is implementing a new core banking system, Temenos’ T24, but the go- live has been pushed back to H2 2016. The costs are also on the rise, nearly doubling the original budget. The announcement was made as the


Finnish bank unveiled its latest financial results. Aktia Bank’s CEO, Jussi Laitinen, says:


‘The launch of our new core banking sys- tem will be postponed to the second half of 2016 to ensure the smoothest possible transition.’ The bank has been on the core system


modernisation path since 2013. It signed for Temenos’ T24 offering to replace a lega- cy development by a local vendor Samlink. T24 will be delivered on a hosted basis. The original budget was estimated at €30 million and the go-live was penned for the end of 2015. The budget was subsequently


increased to €40 million. The testing stage commenced in sum-


mer 2015. The considerable shift in the date for


the switchover to the new platform means more expenditure for Aktia Bank. ‘The delay implies higher costs, and the total invest- ment, including migration costs, is now


estimated to exceed €55 million,’ says Lait- inen. In another project, the bank is plan-


ning to take the full ownership of its sub- sidiary, Aktia Real Estate Mortgage Bank, and merge it with Aktia Bank. Tanya Andreasyan


Banque des Mascareignes implements Amplitude core system


Mauritius-based Banque des Mascareignes is rolling out Sopra Banking Software’s Amplitude core banking system as part of its parent group’s ongoing ‘Harmonisation of Information Systems’ scheme. Banque des Mascareignes is owned


by France-based BPCE group. The group, a result of the merger between CNCE and BFBP in 2009, is the second largest in France and counts more than 40 million people as its customers. It also has a net- work of international subsidiaries, predom- inantly in Africa. BPCE decided to replace Banque des


Mascareignes’ existing system, SAB AT (supplied by another French vendor, SAB) with Amplitude in late 2014. The switchover is set for completion


by the middle of 2016.


BPCE is a long-standing customer of Sopra Banking Software/Delta Informa-


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tique, and has implemented the vendor’s Amplitude platform in five of its other international subsidiaries: Natixis in Alge- ria, BICEC in Cameroon, BCI in Congo, BMOI in Madagascar and Tunisia-based BTK.


Fabien Soret, account manager at the


vendor, highlighted Mauritius as a ‘finan- cially dynamic location and a regional hub’, one in which Sopra Banking Software is keen to develop its activities.


Alex Hamilton


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Port Louis, Mauritius © Pkuchar, Wikipedia


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