overall), for Finacle, with the contract spanning core banking, wealth management, CRM and direct banking. There was a successful 30-monthproject at the bank. Infosys continued its success in 2013, gaining Citystate Savings Bank to replace a regionally-developed legacy system. Finacle will cover all the main operations at Citystate Savings, which focuses on thrift, retail and SME activities. Infosys also won Bank of Makati, for deposits, withdrawals, and commercial and housing loans. Go- live was scheduled for March 2014.
Oracle FSS won a Flexcube deal at Bank of Commerce in
2011 and in that year there was also a deal each for the lending systems of India-based 3i Infotech, at Planters Bank, and Nucleus, at 1st Valley Bank.
Rather out of the blue, Temenos picked up four deals in
2012, which constituted a notablehaul. The takers were East West Bank, GM Bank, Optimum Development Bank and Philippine Bank of Communications. The vendor is working with a local partner, Thrakral One. Nucleus had a couple of additional retail lending wins, building on a relatively good base in the country. One of these was Bank of Florida (formerly Rural Bank of Florida blanca). 3i Infotech picked up another, Philippine Postal Bank, and Malaysia-based Infopro won a selection at Banco Kebayan.
The Philippines has also been a fairly good market for
treasury systems, and there were four in this category in the2011 haul comprising two for Sungard Ambit Treasury, Bank of the Philippine Islands for Turaz (the short-lived branding of the Thomson Reuters-derived Kondor+ business before it was merged with Misys) with K+TP, and a deal with the central bank for CCK. This had followed a blank 2010 but2009 treasury deals for Sungard with Avantgard Treasury, and two for Misys with Opics (Pag-IBIG Fund and East West Bank). RCBC provided CCK’s 2009 success in the country, building on wins the previous year at Security Banking Corporation and Union Bank of the Philippines. This was one of a number of replacements of Misys’ Opics. CCK was the only winner of this clutch of suppliers in 2012, at Philippine Business Bank, its fifth taker in the country.
A side from the two aforementioned 2013 wins for Infosys,
the other selection in the year saw Sopra gain a first foothold in the country, with its Callataÿ & Wouters-derived Thaler/Sopra Banking Platform at China Banking Corporation. China Bank is the fifth largest in the Philippines, with 289 branches, andtook Thaler to cover wealth management.
Things were busy again in 2014. Infosys had another
success, with Finacle taken by Producers Savings Bank, while Temenos had two wins (one of which was OK Bank) and Oracle took top prize with three, including Queen City Development
Bank and Rang-Ay Bank. The latter is a rural bank and the deal was brokered via a local integrator, Kris Fin software, which is also assisting with the implementation. Itis replacing the legacy FAO-GTZ Micro banking System (also known as MBWin).
The activity showed no signs of abating, with a couple of
other deals in early 2015. Government-owned Philippine Postal Savings Bank committed to a full roll-outof the Connect Core core banking system from Indian vendor, Ideal invent. The bank had originally opted to install the loans, general ledger and reporting components of the system, having earlier abandoned attempts to install 3i Infotech’s Kastle Core Banking offering (an aforementioned2012 selection). It now chose to extend the use of Connect Coreto cover deposits. On the way out is Misys’ Equation, as it is at Development Bank of the Philippines. The bank chose India-based Intellect Design Arena (Polaris as was), with local partner Kaisa Consulting, in Q1 2015.
Overall in 2015, 4 deals were awarded. Two were to Temenos T24, of which one was implementation for PR savings bank. Calypso got 2 deals and 1 each to Intellect Design (previously known as Polaris Software) for Development bank of Philippines which is a progressive developmental finance institute and 1 to Sage SA for Union Bank of Philippines a universal bank.
The market continued to be active in 2016, with the deals wins recorded in the country. Of note was Temenos’ signing with National Confederation of Cooperatives (NATCCO), the largest credit union network in Philippines. Intellect Design Arena (IDA) and the Australian supplier, CCK Financial solutions also added two of the leading banks to their customer list. IDA’s Intellect Lending was awarded the contract by China Banking Corporation, while CCK’s treasury solution, Guava, was awarded the contract by Bank of Philipine Islands (BPI), one of the top 5 banks in the Philippines.
Singapore The relatively small market of Singapore has brought low
numbers of mainly treasury and private banking systems elections over the years, with the three largest banks still primarily centred on in-house platforms.
Much of the business over the years has been to the
operations of international banks in Singapore. On the private banking side, Avaloq has become a major
supplier. Its deals included Nomura in 2009 and Royal Bank of Canada in 2012. It then notably added Deutsche Bank and Maybank in 2014. The deal at Deutsche Bank’s Asset and Wealth Management operation included outsourcing the core banking and business processes in Singapore and Hong Kong to Avaloq’s newly created BPO centre in Singapore.
Market Dynamics Report 2017 |
www.ibsintelligence.com 105
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170 |
Page 171 |
Page 172 |
Page 173 |
Page 174 |
Page 175 |
Page 176 |
Page 177 |
Page 178 |
Page 179 |
Page 180 |
Page 181 |
Page 182 |
Page 183 |
Page 184 |
Page 185 |
Page 186 |
Page 187 |
Page 188 |
Page 189 |
Page 190 |
Page 191 |
Page 192 |
Page 193 |
Page 194 |
Page 195 |
Page 196 |
Page 197 |
Page 198 |
Page 199 |
Page 200 |
Page 201 |
Page 202 |
Page 203 |
Page 204 |
Page 205 |
Page 206 |
Page 207 |
Page 208 |
Page 209 |
Page 210 |
Page 211 |
Page 212 |
Page 213 |
Page 214 |
Page 215 |
Page 216 |
Page 217 |
Page 218 |
Page 219 |
Page 220 |
Page 221 |
Page 222 |
Page 223 |
Page 224
