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The international suppliers have been active in the former Soviet states but a fair number of the resultant projects have proved difficult, to say the least. As a result, initial footholds have often not been built on by these suppliers. A few of the Russian suppliers are also active, so too a couple of other regional players.


Former Soviet States Tememos is


fairly prominent here.


selection at Expressbank, following a number of earlier deals, including Amrahbank. Temenos added


In 2010 it won the to for


Russian supplier, Inversia. The same supplier won a deal in another disputed territory, South Ossetia, with Blacksea Development Bank, in 2012. As mentioned above, Ziraat Tbilisi, local subsidiary of


Turkey’s Ziraat Bank, took the CBS core system from regional vendor, Colvir, as part of a multisite roll-out. The project its Azeri user base again in 2011, signing Access Bank. Latvian supplier, Forbis, also picked up a 2011 win in Azerbaijan, with Xalq Bank. This 14-branch


bank, the


third largest by assets in the country, chose Forbis ahead of international and Russian vendors early in the year, to replace a legacy Russian system. In 2012 the only bank to opt for a core system replacement, Bank Technique, went


with Oracle FSS’s


Flexcube, which had an earlier site, Bank Respublika, from 2008. Bank Technique had previously tried implementing T24 but the project was not successful.


Azerbaijan


In 2013, Azerbaijan-based AzerTurk Bank became the latest subsidiary of Turkey’s Ziraat Bank to move to the core system of regional supplier, Colvir. Ziraat Bank had signed an agreement in 2011 to standardise its operations across Kazakhstan, Turkmenistan, Uzbekistan, Azerbaijan and Georgia. The roll-out was in progress during the year at Kazakhstan Ziraat


Turkish Bank live since 2012. AzerTurk Bank was set


was understood to be close to signing with Colvir for a new core system. There was only 1 deal in 2015, which was awarded to


Oracle FSS for Flexcube There has been a win each for the mainstream core system vendors, Oracle FSS and Temenos, but


both ended


failure. Oracle FSS’s Flexcube was selected at TBC Bank in 2008, while Temenos’ T24 was taken in


2009 by Bank of Georgia. Neither project was a success. TBC Bank has been in selection mode since then but with no known outcome by the end of 2014. In 2010, National Bank of Georgia (the


central bank)


looked closer to home, implementing a new core system from Alta Software, a local supplier, with the


project


running through 2011. There were no Georgian deals in 2011, except for two in the breakaway region of Abkhazia here was set to start in 2015.


Kazakhstan


Banks in Kazakhstan have had a particularly tough time implementing outside solutions


(although, as always, it


must be pointed out that the faults are often by no means solely with the suppliers). As such, domestic supplier, Colvir, is well-entrenched.


When it signed one of the largest commercial banks, Centrecredit, in 2013, this brought its tally to 16. The bank had previously failed in a five-year project to implement Temenos’ T24. Other banks in the country that experienced T24 failures


International Bank, with Turkmen- to


launch in 2014, the same year that projects in Uzbekistan and Kyrgyzstan were expected to start, with Ziraat Tbilisi (Georgia) to follow in 2015. There was also a deal for Calypso in 2013, at Pasha Bank,


which signed in May for full front-to-back office cross-asset trading functionality. It was intended to be a relatively short project, with a first phase scheduled for cutover in December 2013. Turkish


supplier, Intertech, gained a first deal in


Azerbaijan in 2014, at ASB Bank. The ten-branch Azerbaijan Industry Bank is focused on corporate and private banking. Late in 2014, TuranBank, a microfinance entity in Azerbaijan,


206


were ATF Bank (owned by Unicredit Group) and Halyk Bank. ATF Bank/Unicredit subsequently opted for a Russian system for Krygyzstan. A few other banks continued to persevere with the Temenos system. An Infosys project with Finacle at the third largest bank, Alliance Bank, was also cancelled. And while fellow Indian supplier, 3i Infotech, claims BTA Bank and Kazinvestbank as live, a number of others that signed for its Kastle Lending system in 2005/6 did not make the breakthrough. In 2009, Eurasian Bank was the latest to move into


the risky area of a core system implementation, taking something of a ‘hybrid’ solution. This increasingly common approach seeks to combine a local solution for regulatory reporting and accounting (in this case R-Style Softlab’s RS- Bank – the bank was already a user) and a western system (Callataÿ & Wouters’ Thaler, now Sopra Banking Software). The two suppliers had a partnership for around three years ahead of this first win. Perhaps in part reflecting this patchy track-record, the only deal in 2010 in the country, from start-up, Credit Altyn Bank, went


to a Russian supplier, BIS. In 2011, one of the two deals went to Colvir. This was at the Kazakh operation Market Dynamics Report www.ibsintelligence.com in


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