g
Community Bank, an Islamic bank set up in mid-year and taking Path Solutions’ iMAL. In 2011, Misys had a second Bankfusion deal in the
country, at National Bank of Kenya, with a first phase of this live by the end of March of the following year. The other two 2011 deals went to Temenos, at NIC Bank, the same outfit that had taken a lending system from 3i Infotech the previous year, and Credit Bank. In 2012, Infosys had two wins for Finacle, Victoria
Commercial Bank and I&M Bank (to add to Equity Bank, Prime Bank and ABC Bank). Greek supplier, Intracom (now Intrasoft), had a somewhat surprising gain in the country, for its Profits system, while Temenos won Fountain Credit Service, a microfinance institution looking to broaden and grow, which opted for T24 on the cloud. Expanding on this, in 2013 Kenya-based The Software Group announced a partnership with Temenos to offer T24 on the cloud in East Africa. Also in 2012, Consolidated Bank of Kenya became the first signing in the country for Polaris’ Intellect, to replace Bankmaster. The bank was apparently close to cutover in late 2013. In the low-end space, in the second half of 2013,
Neptune was claiming a couple of successes in Kenya with its Orbit-R MFI solution. The first was Naku Sacco, a Nairobi- based savings and credit co-operative, to replace the Visual Asmas solution from local provider, Computer Castles. The other was Century Deposit Taking Microfinance Limited, to replace Craft Silicon’s Bankers Realm. These joined three others as users, Nawiri Sacco, Fortune Sacco and Molyn Credit. New MFI system supplier, Cloud Lending Inc, has gained two significant customers in Kenya, comprising Hand in Hand International, which operates in East Africa, and Juhudi Kilimo, which is focused on loans for small farmers. Zenith Bank went live for three days with Temenos’
T24 in 2008 before reverting to its old Phoenix system from Kuwait-based ITS (it subsequently moved to the newer Ethix system from ITS). Kenya Commercial Bank has loomed large, selecting Infosys’ Finacle but then having the decision overturned when an inquiry was launched by the government into supposed shady practices. A closely scrutinised new selection ended up with Temenos’ T24, although this seems to have resulted in a fairly painful project. Temenos T24 saw 5 wins in 2015 , including one for small and medium enterprise program. In terms of 2013 deals that qualify for the Sales League Table, Path Solutions won two of the three, including National Bank of Kenya, reflecting the pick-up of Shari’ah banking in the country. Nucleus brought in the other win, for FinnOne. In 2014, there was a win for Calypso (treasury and capital markets) and Oracle FSS, which was a user of its older Microbanker system but went through a full selection before taking Flexcube. Flexcube also consolidated its position with 2 wins in 2015 . Infosys . Finacle saw 1 win in 2015.
Libya
Libya provided two deals in each of 2009 and 2010, but saw nothing signed in 2011, 2012 or 2013. Nevertheless, it was felt to have considerable potential as it had been decreed that all banks must be Islamic by 2015, with interest banned on all financial transactions. While security issues had prevented core banking selections, it was clearly being eyed by suppliers such as Path Solutions. Libya’s Muslim majority has welcomes the sweeping move towards Shari’ah banking but it has brought strong lobbying from some banks, that want to offer both conventional and Shari’ah finance. While Path was not a winner in 2014, there were
three completed selections, which looked to reflect the regulatory changes. ITS with Ethix picked up wins at Assaray Trade & Investment Bank and United Bank for Commerce & Investment, while Temenos won Sahara Bank. The banking market is heavily government-owned,
with majority stakes in the six largest banks and an overall holding of around 85 per cent of the market. Pre-revolution, there had been attempts at privatisation, with BNP Paribas’ 19 per cent stake in 30-branch Sahara Bank being the highest profile example, with this widely viewed as a failure. BNP eventually divested its stake and the bank needed to move off the BNP Paribas infrastructure, hence the selection. NDC Tech, Temenos’ partner, was sub-contracted to manage the implementation. NDC Tech had worked on a T24 project at Libyan Qatari Bank, which had been a signing in 2010. One vendor to make progress on the Islamic banking side has been small, long-standing core banking system supplier, B&F Soft in Egypt. Existing user, Alwaha Bank in Libya, took a new version of B&F’s SmartBank for a first full Islamic branch in April 2012. The one multisite user of SmartBank, Libya-based Banque Sahelo-Saharienne pour l’Investissement et le Commerce (BSIC), was apparently also lined up for the new version, for its operation in Sudan. Alwaha Bank has been a user of the conventional banking version of SmartBank for around six years, BSIC for around twelve. The latter has the system for 13 countries across north and central Africa. The other user of SmartBank is Development Bank in Libya (won five years or so back against heavyweights including Temenos and Misys, as well as regional players, including ICSFS). ITS had also previously made headway in Libya.
Gumhouria Bank, the country’s largest bank, went live at a first branch with ITS’s Ethix in the first half of 2012 in a project that was disrupted by the revolution in 2011. Gumhouria has Oracle FSS’s Flexcube for 140 or so branches (equating to more than a quarter of all bank branches in the country), and the Ethix solution replaced legacy software in the pilot branch and interfaces to Flexcube at the bank’s head office. Additional branches were due to come online with Ethix over the next year or so. A 2009 signing for Path finally saw cutover in early
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