IBS Journal May 2015
new operation or acquisition. The bank also said it was assessing opportunities for expansion in Egypt and Turkey. The bank is a user of Infosys’ Finacle core banking sys- tem in UAE. ‘We are seeing some new markets
coming up but they are doing so very slowly,’ says Kateeb. There is always a delay
in putting in place the legislation but he feels that Morocco will be the next big market, with the laws being finalised and licences starting to appear. He also pre- dicts some activity in Tunisia, although this is a much smaller market. However, sometimes such hopes can be dashed. Two changes of government in Egypt of
late have seen a lessening of previous enthusiasm for Shari’ah-compliant bank- ing.
Fadi Yazbeck, product director for
Islamic banking at Temenos (and ex-Path Solutions), concurs regarding Morocco. The supplier expected activity during 2014 but the regulatory process was slow-
Islamic banking core systems sales 2010-2014* Supplier
International Turnkey Systems (ITS) Path Solutions Temenos ERI
Openlink Financial Sungard
3i Infotech Asseco SEE
Autosoft Dynamics BML Istisharat FIS
ICSFS
IDCorp Infosys
Infrasoft
Intellect Design Arena (Polaris) Misys Misys Misys Misys Misys
Nucleus Software Oracle FSS SAB SAP
Sopra Banking Software Sopra Banking Software Sungard
TCS Financial Solutions
Treasury Management System Total
Product Ethix
iMAL T24
Olympic Banking System Findur
Front Arena
Kastle Universal Lending bApO
Autobanker II ICBS
Profile
ICS Banks Banco Finacle
OmniEnterprise Intellect Core
Fusionbanking Equation
Fusionbanking Essence/Bankfusion Fusioncapital Kondor Fusioncapital Opics Fusioncapital Summit FinnOne Flexcube SAB AT
Loans Management
Sopra Banking Amplitude/Delta-Bank Sopra Banking Platform/Thaler
Ambit Treasury Management/Quantum Bancs
Trasset
New wins signed in 2014 (previous years in brackets)
4 (1, 3, 3, 0)
4 (10, 11, 3, 4) 3 (10, 4, 3, 7) 1 1
1 (1, 0, 0, 0) 0 (0, 0, 2, 4) 0 (0, 0, 1, 0) 0 (0, 1, 0, 0) 0 (2, 0, 1, 1) 0 (0, 0, 1, 0) 0 (1, 1, 3, 1) 0 (1)
0 (0, 1, 0, 0) 0 (0, 0, 0, 0) 0 (0, 0, 1, 0) 0 (0, 0, 0 ,1) 0 (0, 0, 1, 0) 0 (0, 1, 0, 1) 0 (0, 0, 1, 0) 0 (0, 0, 0, 1) 0 (1, 0, 0, 3) 0 (1, 2, 3, 2) 0 (1, 1, 0, 0) 0 (0, 0, 0, 1) 0 (1, 0, 0, 0) 0 (0, 0, 0, 0) 0 (2, 0, 1, 1) 0 (1, 0, 2, 0) 0 (2)
14 (35, 25, 26, 27)
* Known new-name wins for regional and international banking software vendors in the Shari’ah-compliant finance industry for the full years of 2010-2014. The table covers only back office deals and excludes purely domestic sales.
© IBS Intelligence 32 © IBS Intelligence 2015
www.ibsintelligence.com
ibs sales league table
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