This page contains a Flash digital edition of a book.
Infosys was not signed. It meant that, in a much quieter year than normal, outside of the excluded very low-end deals, Infosys drew a blank. FIS had a second, off-the-record, signing for Profile. TCS and Nucleus picked up two deals each but that was the extent of the new-name business in India in 2013. Corporation Bank was back in selection mode during


2014 and had reached the vendor shortlist stage by the end of the year, with HP and Wipro vying for the contract. Wipro was partnering with TCS, HP was offering Finacle. The two system integrators were also the finalists at the previous selection at Corporation Bank. Among the deals that were signed in India in 2014,


a stand-out one was SAP’s lending system success at one of the country’s largest co-op groups, Adarsh Credit Cooperative Society. It was understood that Infrasoft’s OmniEnterprise is to be ousted within a project to bring centralisation to its network of 600 branches and 100,000 agents, and to harmonise the product set across the society. FIS built on its success as Bandhan Financial Services, India’s largest MFI, chose to implement version of Profile. The new solution


the outsourced will cover trade


finance, treasury, AML, payments, switching, debit card management, ATMs, internet and mobile banking, plus interbank network connectivity. In 2015 , 4 CBS deals were awarded. Finacle won 1 n,


while FinOne of nucleus software won 3 deals including one from Magma Fincorp. One of the new entrants in Indian banking industry ;


Bank Internasional Indonesia (May Bank) Selected Intellect design’s Intellecct Treasury module.


Laos


According to the Bank of the Lao PDR, the number of commercial banks in Laos had reached 33 by mid-2013, an increase of


six banks compared to the end of


2011, thanks to the government’s policy to facilitate and support investment in the banking sector. This includes the operations of foreign banks, state-owned banks and joint venture banks, while there is also one policy bank, Nayoby Bank. The strategy of building the banking sector includes a planned entry in 2015 into the Asean Economic Community. As in neighbouring Cambodia, Oracle FSS has been the dominant supplier in Laos in the last few years.


In 2010,


the central bank, Bank of Lao, selected Flexcube, followed in 2011 by Lao-Viet Bank and Banque Pour Le Commerce Exterieur (BPCE). In previous years, the projects had gone Temenos’ way, at Acleda Bank (also a customer


in its domestic 200


market of Cambodia), Phongsavanh Bank (2006) and Lao Development Bank (2008). 3i Infotech also won a core banking deal in 2008, at Agriculture Promotion Bank. There were no deals in 2012 or 2013 but Oracle gained another win in 2014. Of foreign banks in the country, ANZ uses Infosys’Finacle, with Laos the first country for the bank’s multisite roll-out. Vietnam-based regional supplier, FPT Information System, claims three banks as users of its Smartbank system in Laos, comprising ST Bank (a start-up that launched in 2009), the operation of Malaysia-based Public Bank, and Indochina Bank. BPCE took Flexcube to replace Smartbank, while FPT worked on the Flexcube implementation at Lao-Viet Bank.


Myanmar, Maldives, Bhutan


Myanmar (Burma, as was) has gradually been opening up for business. The Central Bank set about


preparing for


an RTGS system, while a couple of the commercial banks began considering international core banking offerings. Myanmar Livestock Fisheries and Development Bank chose the Kastle Core Banking system from 3i Infotech at the start of 2013. A local vendor, Southern Computing Technology, was working on the project alongside the Indian supplier. Myanmar Foreign Trade Bank opened tenders


for a new


system in September 2013. Temenos had earlier gained Co- operative Bank in Burma in 2011. The activity picked up in 2014, with some of the analyses culminating in decisions. Temenos gained one and Oracle notched two. One of the latter was Tun Foundation Bank, a 20-year-old private bank. Oracle’s local partner, MIT,


is


managing the project. There was no formal RFI or RFP process. Instead, the bank initiated a dialogue with Standard Chartered Bank, one of the two large international


representative offices in Myanmar at present


banking groups to have (ANZ being


the other), to determine which providers were ‘the best in the market’. In early 2015, Yoma Bank, which initiated its search for a new solution during 2014, opted to partner with Misys, which will supply its Fusionbanking Essence core system. Yoma Bank was the first known customer for Misys in the country. The project is backed by a $5 million loan granted to Yoma Bank by an investment vehicle of the World Bank, International Finance Corporation (IFC). By this stage, government-owned Myanmar Economic


Bank was in the middle of a selection process, whilst the Central Bank of Myanmar was in mid-implementation of a new core system with Japanese vendor NTT Data. With opening of banking industry in Myanmmar, Infosys secured


Market Dynamics Report www.ibsintelligence.com


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146  |  Page 147  |  Page 148  |  Page 149  |  Page 150  |  Page 151  |  Page 152  |  Page 153  |  Page 154  |  Page 155  |  Page 156  |  Page 157  |  Page 158  |  Page 159  |  Page 160  |  Page 161  |  Page 162  |  Page 163  |  Page 164  |  Page 165  |  Page 166  |  Page 167  |  Page 168  |  Page 169  |  Page 170  |  Page 171  |  Page 172  |  Page 173  |  Page 174  |  Page 175  |  Page 176  |  Page 177  |  Page 178  |  Page 179  |  Page 180  |  Page 181  |  Page 182  |  Page 183  |  Page 184  |  Page 185  |  Page 186  |  Page 187  |  Page 188  |  Page 189  |  Page 190  |  Page 191  |  Page 192  |  Page 193  |  Page 194  |  Page 195  |  Page 196  |  Page 197  |  Page 198  |  Page 199  |  Page 200  |  Page 201  |  Page 202  |  Page 203  |  Page 204  |  Page 205  |  Page 206  |  Page 207  |  Page 208  |  Page 209  |  Page 210  |  Page 211  |  Page 212  |  Page 213  |  Page 214  |  Page 215  |  Page 216  |  Page 217  |  Page 218  |  Page 219  |  Page 220  |  Page 221  |  Page 222  |  Page 223  |  Page 224  |  Page 225  |  Page 226  |  Page 227  |  Page 228  |  Page 229  |  Page 230  |  Page 231  |  Page 232  |  Page 233  |  Page 234  |  Page 235  |  Page 236  |  Page 237  |  Page 238  |  Page 239  |  Page 240  |  Page 241  |  Page 242  |  Page 243  |  Page 244  |  Page 245  |  Page 246  |  Page 247  |  Page 248  |  Page 249  |  Page 250  |  Page 251  |  Page 252  |  Page 253  |  Page 254  |  Page 255  |  Page 256  |  Page 257  |  Page 258  |  Page 259  |  Page 260  |  Page 261  |  Page 262  |  Page 263  |  Page 264  |  Page 265  |  Page 266  |  Page 267  |  Page 268  |  Page 269  |  Page 270  |  Page 271  |  Page 272  |  Page 273  |  Page 274  |  Page 275  |  Page 276  |  Page 277  |  Page 278  |  Page 279  |  Page 280  |  Page 281  |  Page 282  |  Page 283  |  Page 284  |  Page 285  |  Page 286  |  Page 287  |  Page 288  |  Page 289  |  Page 290  |  Page 291  |  Page 292  |  Page 293  |  Page 294