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IBS SALES LEAGUE TABLE 2017
How lending systems performed in 2016
year for banking systems, and more so for lending systems. While deal volumes recorded in the IBS SLT saw a significant rise during the year (54 deals were completed in 2016 compared to 25 deals in 2015), the interesting development was the increased focus on lending not just by banks but also by suppliers. An indicator of the latter were the two major acquisitions by leaders – Temenos and Sopra Banking – in the lending space. While Temenos acquired US-based lending systems specialist Akcelerant in 2015 (renamed later to Temenos Lifecycle Management Suite), Sopra completed the acquisition of the US-based leasing, asset financing and lending specialist, Cassiopae, in 2016. Together these two systems added a notable number of customer wins during 2016, enough to secure the top two positions in the IBS Sales League Table 2017. Intellect Lending, the solution by the Indian-based, Intellect Design Arena, also saw its number of customer wins double to 10 during 2016. Consequently, the total number of deals in the lending space accounted for a much larger share of the
T
he year 2016 was a particularly interesting
total conventional back office deals (15%) compared to the previous year, when it accounted for just 9%.
A key driver for this growth in lending systems has been the increased focus by banks on their systems infrastructure. The lending market place which was traditionally dominated by banks and financial institutions is witnessing a rapid proliferation of alternative lenders, namely fintech companies. These fintech companies have been able to leverage the latest technologies to offer the customer a quick, efficient and convenient solution for their loan requirements. Their solutions range from online or mobile-based lending applications to P2P loan platforms that offer loans to even those customer segments who were traditionally ignored by banks due to bad credit history.
Banks have slowly but surely started to fight back by digitising and upgrading their loan processing systems, offering new products and in some cases restructuring their business models for loans. However, many banks
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