IBS Journal April 2018


33


NEW FOCUS AREA – INVESTMENT / FUND MANAGEMENT SYSTEMS


This was a new category introduced in the IBSI SLT 2018 for deals related to solutions that focus on institutional fund management and investment management. This was a hard-fought category with 10 products competing. The inaugural winner for this category was iDeal


Wealth and Funds from India based Credence Analytics with seven deals followed by FusionCapital from Finastra coming in second with six deals. There were deals from all the regions but Europe and Asia dominated the field with more than 75% of the qualified deals.


IBSI DOMESTIC SALES LEAGUE TABLE 2018 | RUSSIA Product


Supplier BANK OF 21 CENTURY


ProgramBank.CreditMicro CFT-Bank (Platform 1) Va Bank


ProgramBank.ABS Core System FXL


Flextera/ Diasoft FA# QBIS


Universal Banking Systems Inversia


Programbank CFT


Flexsoft


Programbank Flexsoft Diasoft BIS


Retail Banking Systems


New-name customers signed in 2017 (Previous years in brackets, with most recent first)


11 (6, 11, 10, 14, 12, 12, 18, 11, 10 , 12, 15) 10 8 7


4 (2, 4, 4, 5, 7) 1


0* (12, 10, 11, 10, 18, 11, 10, 7, 13, 20. 28) 0* (2, 3, 1, 6, 6, 8, 7, 2, 7, 8, 9)


Russian Sales League table recorded 41 core banking deals in 2017, a significant increase compared to the 22 deals reported in 2016. The Russian market continues to be dominated by Universal Banking system suppliers.


A surprising non-participant this year was Diasoft, whose management opted to not participate in the Sales League Table citing internal reasons. This year, Inversia’s Bank 21 Century system, regained its top spot on the Russian league table 11 deals, a marked improvement over the six domestic deals recorded last year. A


notable deal for the supplier was with the European Central Bank.


The runners-up on the Russian SLT was ProgramBank with its microfinance focused retail banking solution, ProgramBank. CreditMicro, which debuted thus year with 10 deals. ProgramBank also recorded 4 deals (2 deals in SLT 2017) for its universal banking solution, ProgramBank.ABS.


Another new entrant was Flexsoft’s universal banking solution called Va Bank, which recorded 7 deals in 2017.


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