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institutions (down from a peak of 230 in 1995). The one deal for a non-domestic vendor in 2012 in this


country was for Misys’ Bankfusion Equation, the revamped but still IBM iSeries-based version of its long-standing core system. This was to First Ukrainian International Bank, which signed to replace another old Misys iSeries-based platform, Midas, which it had used since the mid-1990s. There had been two deals here in 2010 – at


Prominvestbank and Pravex-Bank, a member of Italy’s Intesa Sanpaolo – with both going to Oracle FSS. Hungary-based OTP Bank also rolled out Flexcube in the Ukraine, as part of an earlier multisite deal that has seen patchy progress. Oracle FSS already had a couple of long-standing users in the country and also gained Ukrsotsbank, now part of Unicredit Group, in 2008. Other suppliers had won the occasional deal in previous


years but do not appear to have kicked on. Infosys’ Finacle was selected by Nadra Bank in 2007 but the near-collapse of the bank due to the financial crisis appeared to bring an end to the project. In 2008, a local subsidiary of Cyprus-based Marfin Laiki Bank, Marine Transport Bank (later renamed Marfin Bank), took Temenos’ T24. Sungard and SAP each have one client in the Ukraine, Erste Bank (part of this bank’s multisite use of the System Access-derived Symbols, now


Ambit Core Banking, which cut over in Ukraine in 2010) and Ukrsibbank (a member of BNP Paribas Group), respectively. Erste Bank sold its Ukranian operation in 2013 to a local entity, Fidobank. There are a couple of domestic suppliers. One of these,


CS Limited, has been capitalising on a wave of start-ups, signing six greenfield banks that have emerged over the last couple of years for its flagship B2 core offering. These comprise Unison Bank, Sofiysky Bank, Sich Bank, Bank Financial Partner, Melior Bank and SEB Corporate Bank (the Swedish banking group bought a small local start-up, Accept Bank, in 2012, a year after the latter was formed). Most of these focus exclusively on the corporate banking sector. Of the established banks, CS Limited gained a customer


of rival Profix, PINbank (also known as First Investment Bank), which moved to B2 from Profix/Bank. CS Limited has also been working on the Oracle FSS projects at OTP Bank and Prominvestbank, with B2 for local regulatory reporting alongside Flexcube. The long-running Flexcube implementation at Prominvestbank was continuing during 2013.


Not surprisingly, given the turmoil, there were no selections in 2014.


Bratislava 168 Market Dynamics Report www.ibsintelligence.com


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