IBS Journal January 2016


Maroc Telecommerce progresses with new payment platform roll-out


Polish software vendor, Asseco South Eastern Europe Group (Asseco SEE), is building a new payment gateway infrastructure for Morocco-based Maroc Telecommerce. Maroc Telecommerce will use Asseco


SEE’s e-commerce payment platform Nest- pay to replace a legacy set-up. The new deal gives the Polish company


its first project on the African continent. Asseco SEE’s manager of the payment/


payment gateway business, Burak Kutlu, says the African market is ‘very promising and rapidly-developing’, while Maroc Tele- commerce CEO Samira Gourroum adds that the company chose Asseco SEE for its ‘proven track record’. Nestpay has been designed to enable


banks to offer card acquiring services to their web merchants. Companies can use the Nestpay payment gateway as a service from Asseco SEE’s PCI-DSS certified envi- ronment in Istanbul (Turkey) or deploy the system in-house.


Founded in 2001, Maroc Telecommerce


is a subsidiary of Centre Monetique Inter- bancaire (CMI). It is the first and largest payment provider in the country. CMI was set up by nine Moroccan


banks that are its shareholders, including


Arab Bank, Attijariwafa Bank, BMCE Bank and Moroccan Bank for Commerce and Industry. Since its launch it has onboarded four more members, Morocco Post among them.


Alex Hamilton


Casablanca, home of Maroc Telecommerce © Antony Stanley, Wikipedia


Rasmala selects Profile Software’s IMSplus for investment management


Rasmala, an investment manager in the MENA region, has selected Profile Software’s IMSplus solution. Rasmala, which provides investment


solutions to pension funds, family groups, corporations and government institutions, completed ‘a thorough international ven- dor assessment’ before selecting IMSplus. The system will be deployed onsite. The firm has recently undergone what


it describes as a ‘company-wide makeover’ to engineer its products to a wider range of clients, something that spurred the need for a new system. The system will help Rasmala in ‘incor-


porating trade order management, KYC and compliance tools’, says the firm’s head of asset management, Eric Swats. Another


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boon, he adds, is a reduction in data and market risk. Rasmala went live with new financial


governance software, BCS Integrity from Business Control Solutions, in early 2010, aimed at centralising all the management information into its Dubai office. Rasmala has a presence in the UAE,


Oman and Egypt, plus in the UK, where it has been operating until recently under the European Islamic Investment Bank (EIIB) brand (this has now been changed to Ras- mala). In the UK, Rasmala is a long-standing user of the Omnienterprise core banking system from an India-based vendor, Infra- soft Technologies.


Alex Hamilton © IBS Intelligence 2016 www.ibsintelligence.com


In brief


Hong Kong-based Fubon Bank has selected a new core banking system in the shape of Infosys Finacle. The choice of Finacle was underpinned


by the bank’s need for modernisation. A new system, the bank hopes, will enable it to offer a more service-oriented approach. ‘Over the years we have continued


to expand our franchise’, says Raymond Lee, CEO and managing director at Fubon Bank. The replacement of its legacy system, he adds, will enable it to ‘significantly improve’ its operational efficiency and risk management. Fubon Bank is a subsidiary of a


Taiwanese financial services group, Fubon Financial Holding Co. The bank’s legacy set-up includes


Misys’ older core software offering, Bank- master, which will be replaced with Finacle. Shares in Infosys rose by 1% following the announcement. —Alex Hamilton


news


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