IBS Journal February 2015
Backchat The latest industry gossip
National Bank of Moldova (NBM) has concluded its search for a new core banking sys- tem without having selected a suitable supplier. ‘Unfortunately, the public acquisition procedure was finalised without signing a contract,’ said the bank in a statement to IBS. The bank commenced a search for a new core and ERP system in February 2014, with a budget of $3.5 million for the project. A number of suppliers were thought to be in the running for the deal, including India-based TCS with its Bancs core offering, Temenos with T24 (via its regional partner Siveco), Alta Software, a Georgia-based sup- plier, and Misys. According to a source on the ground, the latter was the favoured sup- plier before the selection was stopped. The bank’s existing core banking system, the Va-Bank platform from Russian ven-
dor Flexsoft, was described by Natalia Zabolotnîi, director of the department of stra- tegic planning and organisation at NBM, as ‘old, not scalable and not as reliable as we need’. The bank is now weighing up whether to start another selection process. ‘At this moment NBM is in the process of making a decision on the next steps regarding the acquisition of a new system,’ said the bank. NBM had initially planned to launch the new ERP system in January 2015, with the
core system following twelve months later to support foreign exchange and invest- ments in deposits and securities, as well as monetary policy operations.
The Abtec conference, the successor to the once well-known Meftec (Middle East Finan- cial Technology), has been postponed just two weeks before it was set to take place in Bahrain. As this issue of the journal was going to print, the event organisers sent out an email to Abtec participants informing them that the conference is going to take place in June in Abu Dhabi, as in light of the ongoing political unrest, Bahrain is no longer a safe location. The organisers of the 2015 event have been promising to attract over five hundred
delegates and feature more than a hundred exhibitors, but so far have failed to show- case a single one on the Abtec website.
The long-running core banking system selection at Indian public sector bank, Corpora- tion Bank, has reached the vendor shortlist stage, with HP and Wipro once again vying for the contract. Wipro is partnering with TCS and its Bancs core banking system, whilst HP is offering Infosys’ Finacle. The two system integrators were also the finalists at the previous selection at Corporation Bank, which took place in 2013. HP with Infosys was understood to have been the selected partnership for the INR4 billion ($64 million) con- tract, but the selection was scrapped and restarted in 2014. No official confirmation from the bank has been forthcoming as to why the first
selection was shelved, but the bank’s chairman and managing director left shortly after the initial awarding of the contract. There was also a public legal struggle between the bank and its incumbent vendor,
Polaris (the bank uses a version of the vendor’s LaserPanacea system). Polaris claimed that the terms of the original RFP were weighted so as to exclude the vendor from par- ticipating. This claim, however, was subsequently thrown out of court. HP and Wipro will now advance to the request for proposal stage, where the com- mercial aspects of the respective bids will be evaluated by the bank.
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