IBS Journal May 2015
AYA Bank in Myanmar rolls out CR2’s banking solution
Ayeyarwady Bank (AYA Bank) in Myanmar is mid-way through a roll-out of CR2’s Bank- world to manage its ATMs, online banking and POS terminals. This is the Irish suppli- er’s first user in the country and followed a detailed selection that took in a number of competitors, according to the supplier’s COO, Mike Brady. The first emphasis at AYA Bank is on
management of its multi-vendor network of around 200 ATMs (mostly from Wincor Nixdorf), to be followed by mobile and internet banking. There are clearly chal- lenges. ‘There are no international stand- ards for EMV but it is not a big deal,’ says Brady. At the back end, the bank has a core system provided by a Vietnamese supplier. CR2 has not previously linked to this but the supplier has a generic layer for back- end integration so, again, he does not feel it will be a major task. For mobile, Bank- world supports mobile apps but also, still important in developing markets, SMS banking. The bank, which was set up in 2010, is
in the top three in Myanmar, now has 90 or so branches and is opening more on a regular basis. It is a country with a lot of growth at present, reflected in a succes- sion of systems decisions over the last cou- ple of years, with others pending. This fol- lows the elections in 2010, prior to which
Mike Brady, CR2
the country, as Burma, was controlled by a military junta. Less than five per cent of the population has bank accounts but a number of licences to foreign banks were granted last year. The arrival of a couple of new telecoms operators reflects the rapid changes, says Brady, and CR2 is involved in other selections at present. A month or so ago, another bank in the
country, Yoma Bank, embarked on a broad technology modernisation project, includ- ing online and mobile channels. The part- ner here is Misys with its Fusionbanking Essence offering.
IN BRIEF
The Bank of St Helena, a government-owned bank based in the British overseas ter- ritory of Saint Helena, has suspended its search for a new core banking system and decided to concentrate its efforts on building an ATM network on the island. This ini- tiative is expected to take around two years, according to a source close to the pro- ject, and following its completion the bank will resume its core software search. It is understood that it is determined to eventually replace its legacy Bankware solution from a small UK-based provider, i-Financial. For now, however, creating an ATM net- work is deemed a more pressing task as the island’s first airport is due to open in ear- ly 2016 and is expected to attract more people and business to Saint Helena. IBS exclusively reported on the system selection at the Bank of St Helena a cou-
ple of months ago. It is known that the process reached its final shortlist stage, with ERI and TCS Financial Solutions vying for the deal with their Olympic and Bancs core offerings, respectively. TCS was bidding together with one of its integration and ser- vices partners, Sofgen. The two parties unveiled their tie-up in the second half of 2012, with Sofgen becoming the first formal recruit within TCS’s Global Channel Part- ner Programme.
© IBS Intelligence 2015
www.ibsintelligence.com
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