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RECENT ORDERS Who’s bought what? WHO? ČSOB WHAT? SIA TECH
Belgian KBC Group, and SIA have developed and launched an NFC-enabled mobile wallet that supports both the Mastercard and Visa networks.
C
The NaNákupy application utilises SIA’s infrastructure to virtualise debit and credit cards through Host Card Emulation (HCE) technology. By the end of 2016, new features will be added to the wallet. Users will be able to pay online, manage the settings of different cards and monitor transactions made via mobile. It will also be possible to store loyalty cards and retailer receipts, and
zech Republic bank ČSOB, part of the share shopping lists.
“The Czech Republic has the highest proportion of retail NFC transactions in Europe and, therefore, is the ideal place for mobile payments. We are proud to have our long lasting relationship with ČSOB extended by the innovative mobile payment solution we have launched together. This is the first wallet in the Czech Republic and among the first on the international market to allow payment with both Mastercard and Visa through the same mobile app,” comments Nicola Cordone, Senior Vice President, SIA.
Scott Thompson WHO? YOMA BANK WHAT? FUSIONBANKING ESSENCE
banking system, FusionBanking Essence. The Myanmar- based FI, which operates more than 50 branches across the country, began its search for a new system in 2014, with International Finance Corporation (a subsidiary of the World Bank) granting a $5 million loan to carry out the modernisation. The bank went through a request for information (RFI) process, and invited vendors to submit bids for a fixed price system.
Y
In March 2015, Misys emerged victorious and a 12-18 month project timeframe was set. “Myanmar is on the verge of a growth and development explosion; a new, modern and robust financial system is critical to support the economy and our people,” said Hal Bosher, CEO of Yoma Bank. “We always pioneered new technology. We were the first bank in the country to use a computerised accounting system and wireless banking communications. We’re now transforming the bank to introduce new channels, new
oma Bank has gone live with Misys’ core
products and a new dimension to customer service which will cement our position as an innovative leader in Myanmar.”
Yoma Bank was established in 1993 and grew to be the second largest commercial bank in the country. However, following a financial crisis in Myanmar during 2003, the bank had its licences severely restricted and operated solely as a remittance transfer operator, unable to offer loans or deposits. The relevant licences were returned to the FI in late 2012, and it kickstarted plans to re-establish its banking services, primarily lending to SMEs across its branch network. It had a basic legacy system in place and, as part of the partnership with IFC, looked to overhaul its risk management processes and corporate governance, add new delivery channels, as well as replace the core system.
Scott Thompson
www.ibsintelligence.com © IBS Intelligence 2016
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