Region | Central and South America Core Banking Systems | Regional Analysis


Central and South America has been relatively steady in the last few years. Between 2007 and 2009 a number of the heavyweight core system suppliers made inroads. There was then a clear slump in 2010, with this most pronounced among outside vendors, rather than the local specialists. There were then a few more signs of life in 2011 but a slump once more in 2012, with more or less a similar level of business between 2013-15. There was a marked increase in the number of deals in 2016 clocking at 39 compared to 27 the year earlier. A lot of this was driven by many of the small and medium banks investing in technology systems to cater to the customer expectations of the digitally savvy younger population. Interestingly, local suppliers seem to be making the most of this development with suppliers such as Cobiscorp signing an impressive tally of deals during the year.


Ahead of 2008, it looked as though the market was starting to fulfill fairly widely held expectations of considerable growth. A number of suppliers, particularly the Indians, invested heavily over a few years, while SAP has been a more recent arrival, with its core banking system.


In terms of quantity, the market for back office systems doubled between 2004 and 2006 (just 15 sales were reported in 2004 and 23 sales in 2006 for the whole region), but that was still a relatively small number. 2007 saw a much steeper increase, to 37. However, 2015 saw as many as 37 deals getting signed in the region, with majority of them being signed by DL&A, Temenos and SAP with 5 deals each.


The tradition had been for banks to go for domestic or in-house developments but, despite the lacklustre results of late, this has slowly been changing, with seemingly more appetite among some banks at least to look further afield. At the same time, it is a large and diverse continent, so it is hard to make too many generalisations. The entry of European suppliers such as SAP, Temenos and Misys in 2015 marks the continued participation and increasing global competition in this region.


Accenture’s Spain-derived Alnova is a long-standing platform for some large banks (eg. BBVA in Argentina, Bolivia, Chile, Colombia, Mexico, Peru and Venezuela). For smaller banks, there are a number of regional suppliers, including Bantotal (now DL&A), Cobiscorp, Datapro and Top Systems. International vendors such as Infosys, Oracle FSS, SAP and Temenos have all made inroads as well. Specifically, SAP and Temenos have made 5 sales in 2015, much higher than Datapro and Jack Henry, reflecting the market being more welcoming international players.


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Market Dynamics Report 2017 | www.ibsintelligence.com


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