Company Overview
GENERAL INFO
HQ: Paris, France Ownership: Private Founded: 2012 # Islamic Users: 1
# Staff: 16,000 (in parent company)
Key Clients: Sabah Credit Corporation
Key Highlights Product Overview
• Sopra Banking Platform is heavily parametrised and has a layered architecture, allowing support for a range of different platforms
• Key functionalities: Domestic & SEPA payments, cheques, debit & credit card, current & savings account, term deposits, securities, treasury, loans, Shari’ah compliant financing products
• It also offers Sopra Banking Lending (derived from Evolan) on a standalone basis or as part of Sopra Banking Platform
• Majority of the customers are in Western Europe
Sopra Banking Software Beginning in Belgium
SOPRA BANKING PLATFORM/THALER
Sopra has a core system called Thaler which is derived from Belgium supplier, Callataÿ & Wouters (C&W). This now sits alongside the Delta Informatique-derived Delta-Bank (see separate Sopra entry). There is an intended gradual coming together of the systems but they are large, universal banking systems in their own right, based on different technology, so this is expected to be a long process. Both have Islamic banking support. C&W was strong in the Benelux (Rabobank is among notable users) but also gained sites in neighbouring European countries, including the UK and France, and has moved beyond here, into Asia Pacific, North Africa and the CIS. It has a good track-record and had, until recently, remained immune from the consolidation and upheaval that has occurred elsewhere in the sector. It was, however, after some speculation, acquired by French vendor, Sopra, in 2012 and then brought together with Delta Informatique under a new unified branding of Sopra Banking Software. C&W has also historically had a partnership with SAP, which has seen it embed SAP components into Thaler.
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C&W started in IT services for the financial sector. Out of one or two development projects, a back office system started to emerge. A first version was developed with Caisse Privée Banque and went live there in 1992 on a Bull mainframe. In 1993, the supplier set about developing a version to run on Unix. Fortis Bank was the first taker of the system, dubbed Thaler, and went live in 1995. Unfortunately, Fortis later fell by the wayside when it was acquired by Banque Générale du Luxembourg. The solution is heavily parameterised and has a layered architecture that allowed C&W to support a range of different platforms, including IBM’s zOS and DB2 on the mainframe. C&W’s first taker in France, BNP Paribas, has this version and it has meant IBM has been a proactive partner, with a DB2 version for Unix at the planning stage in late 2010. A treasury back office component was added in 1998, taken by San
Paolo Bank in Luxembourg. This bank also piloted a data warehouse, in 2000. However, San Paolo Bank was subsequently lost when it decided to standardise on Misys’ Midas. Argenta Spaarbank was the first site for a multi-channel offering. A number of new functions were added to the latter including full cash administration, securities and portfolio management, deposits, and secure messaging.
Islamic Report
www.ibsintelligence.com
• Sopra acquired Delta Informatique amd its Delta- Bank core system in 2011; Callatay & Woulters and its Thaler system in 2012
• Sopra Banking Platform/Thaler is positioned as a modular, componentised offering
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