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Pakistan


Instability in Pakistan has not helped the banking systems market and Moody’s has kept a negative outlook for the country’s banking sector,


in part due to large


and growing holdings of government bonds and weak economic growth. Despite this there were three deals in each of 2012, 2011 and 2010 after nothing in 2009. It was quieter in 2013, with solely a treasury deal from Misys with Opics. There was one selection in 2014 but signs of a pick up, with at least one other selection underway. One of the 2012 core banking deals went


supplier, Autosoft, which gained the nod at the Islamic banking operation of a foreign bank. Another went Islamic banking systems specialist, Path


to local to


Solutions, at


Burj Bank. The latter, formerly First Dawood Islamic Bank, replaced Sungard’s Symbols/Ambit Core, which it had been using since 2007, with a cutover in February 2013. The other win was treasury in nature,


from Misys with Kondor+ at


National Bank of Pakistan. Two of the 2011 deals were also treasury-related, with


Misys’ Opics being taken by Muslim Commercial Bank (MCB Bank), and Sungard’s Sierra/Ambit Management taken by United Bank. The third deal was for Temenos at a newly- established institution, Waseela Microfinance Bank. The 2010 deals went to a local vendor, Autosoft


Dynamics, at Sindh Bank, Oracle FSS, at NRSP Microfinance, and Sungard, which had a sale of its treasury system at another domestic bank. In previous years this country had been markedly more


active, with a number of banks of all sizes making selections, sometimes to support fairly ambitious transformation projects. Those deals had all gone to international players (Temenos, Oracle FSS, FIS, Misys, Path Solutions, Nucleus and Sungard). There were suggestions of corruption around at least one project, that of National Bank of Pakistan with FIS’s Profile, although this continued. The bank later became the first taker of the Islamic version of Profile. Bank of Punjab, a 250-branch institution, was actively


looking to replace its in-house built legacy system in 2011, 2012 and into 2013. There were some allegations about a lack of transparency within the selection process and of breaches of the rules regarding procurement bids. The bank ended up with Oracle FSS as the only bidder. Another RFP was prepared in late 2013. Prior to all of this, in 2006 the bank had tried and apparently failed to build a new Microsoft-based core banking offering with a UAE-based provider, Kalsoft. In the end, it is understood that the bank signed with Oracle for Flexcube in early 2015. As such, the only signed 2014 core banking system


202


contract was at conventional and Islamic bank, Bank Al Habib, which also went


for Flexcube. The vendor’s local


partner, Techlogix, will implement the system plus Oracle’s solution for enterprise risk management. One bank in selection mode in early 2015 was Summit


Bank, a medium-sized player that is among the fastest growing institutions in the country. It is looking to expand its Islamic banking activities. The bank is a result of a 2010/11 merger of three domestic players: Atlas Bank, Mybank and Arif Habib Bank. Atlas Bank was a user of Temenos’ T24 system, Mybank was using Misys’ Equation and Arif Habib Bank had the Hplus core system from a small local provider, Bilogic, and the Autobanker treasury module from Autosoft Dynamics. In total, there are five public sector banks comprising


National Bank of Pakistan, Bank of Punjab, Sindh Bank, First Women’s Bank (an interesting entity, with Autosoft’s core system, Autobanker, at its heart) and Bank of Khyber. The latter issued an RFP in 2010 and in 2011 it selected the Bank Essential core offering from a local vendor, Centegy Technologies (part of the Sidat Hyder Morshed Group); two specialist banks; 17 private sector banks (a mix of domestic and international); seven foreign bank operations;


five


Islamic banks; eight development finance institutions; and ten MFIs. Samaba Bank had an RFP for its SBC and awarded Temenos the deal for it Samba bank also selected Temenos T24 in 2015.


Sri Lanka


Sri Lanka has been a reasonably busy country, for treasury as well as core. Five deals were signed in 2012. Three were for core banking systems and went


Silverlake (Union Bank of Colombo), India- based


to Malaysia-based Trust


Systems & Software (Commercial Credit) and India-based Polaris, with Intellect Core (Cargills Ceylon). Trust Systems had gained its first win in the country for its Trustbank system the previous year, from Central Investments and Finance (CIFL). The other two deals in 2012 were for treasury offerings.


Australia-based CCK, working with a local partner, gained its first win in the country, at Central Bank of Sri Lanka, while Commercial Bank went for Sungard’s Ambit Treasury/ Quantum. The Central Bank also considered Wall Street Systems’ Trema-derived Wallstreet Suite (commonly taken in the past by central banks), and Misys’ Opics and Kondor+. Two of five selections in 2011 had also been for Polaris,


at Regional Development Bank and Citizens Development Business Finance. Two were off-the-record treasury deals, for Infosys and Sungard, the latter with Ambit Treasury.


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