market the system abroad. PBS, which is jointly owned by Nova KBM and the country’s post office, uses the latter’s 550 outlets to offer services to personal banking and corporate customers. PBS was previously a user of an older offering from Gora, known as Omega. In recent years, Polish supplier, Asseco SEE, seems to have been the only supplier with any success in the market. Over the years 2012, 2014 and 2015, the supplier’s PUB 2000 core banking software won 5 deals, which notable were the only ones signed in the country.
Ukraine
The country’s banks were hard hit by the 2008 crisis, with the government having to prop up several of them. There was then economic contraction and, towards the end of 2013 and into 2014, considerable political upheaval, as the government sought to align the ex-Soviet State with Russia, rather than the EU, setting off a string of events culminating in Russian intervention.
Foreign banks have less of a stranglehold here than in many other countries in the region, with assets of somewhat less than 50 per cent. There are around 175 financial institutions (down from a peak of 230 in 1995).
The one deal for a non-domestic vendor in 2012 in this
country was for Misys’ Bankfusion Equation, the revamped but still IBM iSeries-based version of its long-standing core system. This was to First Ukrainian International Bank, which signed to replace another old Misys iSeries-based platform, Midas, which it had used since the mid-1990s.
There had been two deals here in 2010 – at Prominvest bank
and Pravex-Bank, a member of Italy’s Intesa Sanpaolo – with both going to Oracle FSS. Hungary-based OTP Bank also rolled out Flexcube in the Ukraine, as part of an earlier multisite deal
that has seen patchy progress. Oracle FSS already had a couple of long-standing users in the country and also gained Ukrsotsbank, now part of Unicredit Group, in 2008.
Other suppliers had won the occasional deal in previous
years but do not appear to have kicked on. Infosys’ Finacle was selected by Nadra Bank in 2007 but the near-collapse of the bank due to the financial crisis appeared to bring an end to the project. In 2008, a local subsidiary of Cyprus-based Marfin Laiki Bank, Marine Transport Bank (later renamed Marfin Bank), took Temenos’ T24. Sungard and SAP each have one client in the Ukraine, Erste Bank (part of this bank’s multisite use of the System Access-derived Symbols, now Ambit Core Banking, which cut over in Ukraine in 2010) and Ukrsibbank (a member of BNP Paribas Group), respectively. Erste Bank sold its Ukranian operation in 2013 to a local entity, Fidobank.
There are a couple of domestic suppliers. One of these, CS
Limited, has been capitalising on a wave of start-ups, signing six green field banks that have emerged over the last couple of years for its flagship B2 core offering. These comprise Unison Bank, Sofiysky Bank, Sich Bank, Bank Financial Partner, Melior Bank and SEB Corporate Bank (the Swedish banking group bought a small local start-up, Accept Bank, in 2012, a year after the latter was formed). Most of these focus exclusively on the corporate banking sector.
Of the established banks, CS Limited gained a customer of
rival Profix, PINbank (also known as First Investment Bank), which moved to B2 from Profix/Bank. CS Limited has also been working on the Oracle FSS projects at OTP Bank and Prominvest bank, with B2 for local regulatory reporting alongside Flexcube. The long-running Flexcube implementation at Prominvest bank was continuing during 2013. Not surprisingly, given the turmoil, there have been no selections reported since 2012.
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Market Dynamics Report 2017 |
www.ibsintelligence.com
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