IBS Journal March 2015
Tinkoff Credit Systems Bank
Originally based on the model of the US bank, Capital One, Russia-based Tinkoff Credit Systems Bank (TCS Bank) is one of the very few banks in Russia to specialise purely in credit cards. Brought into being in 2007 with the backing of Russian entrepreneur, Oleg Tinkov, TCS Bank has evolved its approach from direct mailing to a channels distribution model via mobile, internet and call centres. The bank has adopted a best of breed approach to systems, run- ning the Bank 21 Century core banking application from local vendor, Inversia. This system replaced the Vabank platform from Flexsoft (Fors Banking Sys- tems as was), going live in mid-2012. The bank’s card processing is underpinned by a system from US-based cards specialist, TSYS, and it also runs Oracle Siebel as its CRM system.
UBank
Owned by National Australia Bank (NAB), Ubank was established as an online only proposition in Australia in mid-2012 offering home loans, transactions accounts, sav- ings accounts and term deposits. Significantly, Ubank is the first live site for Oracle FSS’s Oracle Banking Platform (OBP), Oracle’s new offering launched in 2012 based on Java and Oracle Fusion aimed at cracking the tier one market. Ubank was the pilot for NAB’s wider roll-out of the system (a project initiated in
2008), after mixed messages from the vendor as to whether the bank had taken the vendor’s Flexcube system or OBP. 300,000 Ubank customers were migrated to the sys- tem in August 2012.
ZUNO
ZUNO, the direct banking spin-off of Raiffeisen Bank International, was launched in 2010 in the Czech Republic and Slovakia. The bank is retail oriented, with a mantra of ‘less bank, more life’, and grew rapidly in the years following its inception with an online proposition based on technology at the front- end from Hungarian channels solution vendor, IND (subsequently acquired by Misys in 2014), and Infosys’ Finacle at the back. There was also a proprietary ‘state of the art’ mobile banking application for iOS and Android, which the bank championed when speaking to IBS in 2012. However, the following years have not been an overwhelming success, with ZUNO’s push into new markets stalled by recurring losses. This culmi-
nated earlier this year with the news that Raiffeisen Bank International was to sell ZUNO, with as many as 20 potential bidders reported to be looking at acquiring it. A statement from ZUNO on the news read: ‘With the arrival of a new investor the sources of the bank will increase, and according to plan the expansion to new markets, which we have been preparing for four years, will be restored.’
National Australia Bank HQ, Melbourne ©Ras67, Commons Wikimedia
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© IBS Intelligence 2015
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