East suppliers had break throughs in Malaysia in 2012. ICSFS was selected by Middle East Investment Bank; BML gained Bank Simpanan Nasional. BML won the deal for its ICBS core system via a partnership with a local integrator, He itech Padu, against competition from the domestic duo of Infopro and Silverlake at the shortlist stage. The ICBA system from Infopro is among the systems being replaced.
Malaysian banks and other financial institutions had
previously been investing in treasury systems, with CCK one of the beneficiaries (four takers of its Guava Suite in 2006, Hong Leong Investment Bank in 2008). Thomson Reuters/ Misys (K+TP at Al Rajhi Bank in 2006, albeit later replaced by Trasset) and Sungard (with Quantum for single deals in
2007 and 2008) also made progress. This slowed in 2009
although the only deal in this sector was a notable one, with Murex gaining a breakthrough with MX.3 at one of the country’s largest domestic banks. Murex further added one more account to their credit in 2015.
Malaysia has not been a happy hunting ground for the universal banking heavy weights. Oracle FSS’s had a deal back in 2006 at Asian Finance Bank; Temenos won Avenue Securities in 2006 and Bank Islam in 2007, ahead of two off-the- recorddeals in 2010. The T24 implementation at Bank Islam was abandoned in 2010; arbitration finally resulted in a settlement between bank and vendor in late2013. Silverlake’s SIBS was originally to have been replaced but the supplier was called back in by the bank. Temenos has not had a win in the country in the last few years but Oracle FSS notched up another deal in 2012, at SME Bank which, as the name suggests, is focused on low-end corporates. It went live in January 2014, slightly under budget.
In 2011, Misys claimed one for Bankfusion Midas (India International Bank) and one for Opics, while Sungard signed an off-the-record deal for Ambit Treasury. The latter system was also taken, in 2012, by Bank Muamalat, with this bank having now turned to Silverlake for its core banking system, following the iMAL failure. TCS and Nucleus signed an off- the-recorddeal each in 2011, while Path Solutions claimed to be back with new- namewins in 2012, striking two deals in the country, both at investment banks.
In 2015 ,Koperasi Angkatan Tentera Malaysia Berhad
awarded TCS a deal for their Bancs core banking system. Koperasi Tentera was established in 1960 as a cooperative thrift and borrowing (thrift and loan). In 1975, Koperasi Tentera has converted to a multi-purpose cooperative. The membership of the cooperative is open for staff and family of people who work in Defense .Oracle FSS won 2 deals for the Flexcube implementation.
104 Market Dynamics Report 2017 |
www.ibsintelligence.com
Philippines
The Philippines has produced a good haul over the years for banking system suppliers. The banks are Basel III compliant(or are moving that way) and the sector has a positive rating from the agencies. Banco de Oro is the largest bank by asset size, followed by Metrobank, Bank of the Philippine Islands and government-owned Landbank. All three are users of mainstream core banking systems, so too Security Bank. Most made their selections in the 1980s and typically went for the mainframe-based platform from Systematics (now owned by FIS) or Fiserv’s ICBS/Signature. A number of smaller banks followed this route in the 1990s. Union Bank of the Philippines was one to have replaced the old Systematics platform, taking Infosys’ Finacle in 2005.
The Central Bank of the Philippines is now encouraging
regional growth and Islamic finance, both of which have influenced some of the more recent system replacement activity. There is also an active microfinance sector in the country, plus other low-endnon-bank lenders. Mambu, for instance, had a handful of takershere by the end of 2013, including Venture South, Mega Mitch Credit and Lend do, with the cloud-based specialist helped of late by a relaxation of rules by the Central Bank related to this form of computing. In fact, the financial services market is vast (it totals nearly 700 entities), and local suppliers such as GIZ, with its MBW in system, have scooped up many of the smaller rural and thrift banks.
Of the core banking system selections, ones that standout
include a clutch for Infosys with Finacle, including at Armed Forces Police Savings & Loan Association (AFPSLAI) and, in 2012, at Robinsons Bank, a mid-sized bank with 56 branches. The largest selection of recent years was a wide ranging 2009 deal at Rizal Commercial Banking Corporation (RCBC), the country’s fourth largest private universal bank (and fifth largest
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