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working within the West Africa Monetary Institute on an integration programme for the last few years. There was little activity in terms of core banking systems


in these countries for a few years (nothing in 2013). On the one hand, at least in relation to most of its West African neighbours, Gambia has enjoyed a fair degree of stability in the last decade. On the other hand, it is still relatively small and poor. There was one selection in Gambia in 2014, with Arab


Gambian Islamic Bank choosing Path Solutions’ iMAL, the vendor’s first deal in the country. This is the only Islamic bank in the country and has had a banking licence since 1996. Prior to this, the last known win for a mainstream supplier in Gambia was 2009 for Temenos with T24 at the central bank, one of a number of such deals for the supplier within the West African Monetary Zone (the central banks of Guinea and Sierra Leone also took T24 that year). Previously, Gambia-based start-up, Prime Bank, had taken the ICS Banks system from ICSFS and seemed to have a successful implementation, going live in June 2009. However, majority owned by Lebanese Canadian Bank, the shareholders decided to close down the bank in early 2013 in light of new capital requirements from the Central Bank of Gambia.


A number of pan-African banks use core systems in


Gambia, including Ecobank with Oracle FSS’s Flexcube. Nigeria-based Guaranty Trust Bank (GTBank) rolled out ICSFS’s Banks in Gambia, Liberia and Sierra Leone. Malaysia- based International Commercial Bank has the ICBA system of Malaysian supplier, Infopro, in Gambia, Guinea and Sierra Leone. Long-standing microfinance player, Fern Software, has customers in Gambia and Sierra Leone. In Liberia, India-based Trust Systems claimed to be pursuing an opportunity for its TrustBank core system during 2013 and duly signed International Bank in 2014. TrustBank core system also won Supersonicz Microfinance Bank CBS deal in 2015. In Guinea, in 2012, France/Lebanon-based Capital


Banking Solutions gained a deal for its CapitalBanker from Banque pour le Commerce et l’Industrie. This was an extension from a long-standing customer. The previous year it had won a mandate at the country’s treasury.


Ghana


This is one of the most stable countries in Africa, often seen as a model for political and economic reform on the continent. Reflecting this, it has been one of the busier countries for international core banking system suppliers. It also has a relatively good payments infrastructure. There are around 27 full banks (domestic and international), 137 rural and community banks, and a host of non-banks. Temenos has a sizeable user base and added three to this in 2012, followed by National Investment Bank in 2013. And


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added one more account in 2015. Oracle FSS’s smaller user base tends to be older, going back to the I-flex Solutions days. Its last known win, ahead of 2014 (see below), was in 2010 at Energy Bank. Infosys’ first win in Ghana came in 2008, at UT Bank (BPI Bank, as was), but it has not built on this since then (UT Bank subsequently signed for Temenos’ T24 in 2010). India-based Trust Systems & Software has made some headway here. It gained Prudential Microfinance Management Service and Perch Co-operative Bank as users. In 2011 it added Shine Credit, a start-up finance company. Shine Credit was seeking functionality for retail banking, cash management and branch automation for its launch, initially with seven branches. TrustBank was chosen ahead of three or four other solutions, one of which was Temenos’ T24.


ITS gained a foot in the door in mid-2013 when Zenith Bank in Ghana opted for its Ethix system, following the lead of the parent bank in Nigeria. The bank had 27 branches in Ghana at this time and set about replacing ITS’s older Phoenix system. Nigeria/UK-based Neptune has had success in the past


in the low-end sector here, while microfinance newcomer, Mambu, has been a more recent arrival, picking up three known MFI wins in the country. Misys had an Opics success in 2013. 2014 was another relatively busy year, with six deals and


with each going to a different supplier. Two were treasury and capital markets in focus, with Calypso and Misys the winners. Two low-end institutions made decisions, with Seeds Funds & Savings Loans, a start-up that was planning to launch in May 2014, choosing TrustBank and DKM Microfinance selecting ITS’s Ethix. Oracle FSS and Temenos were the other winners, the former gaining Alpha Capital, a start-up that was planning to launch in February 2015. Temenos was also shortlisted.


Kenya


Kenya has been relatively active throughout the last few years. It is a fairly sophisticated and stable market, open to innovation (most clearly seen with M-Pesa). A disruptor in the market has been Equity Bank, which has gained large market share, including on the back of M-Pesa (now in competition to M-Pesa), and this sort of competition has forced other banks to renew their technology. Four selections were made in 2010, followed with three


in 2011, five in 2012 three in 2013 and two in 2014. The 2010 deals were for 3i Infotech at Bank of Africa and NIC Bank, Misys at Co-operative Bank of Kenya for its Bankfusion Universal Banking system, and an Oracle FSS Flexcube win at Chase Bank. The country had generated additional healthy business


in the previous few years (five in 2009 and 2008 and seven in 2007). One of the 2008 deals had been from First


Market Dynamics Report www.ibsintelligence.com


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