million by mid-2014, when the project was apparently nearing completion.
Datapro’s e-IBS is used at BAC-Credomatic, Banco Lafise
and Scotia bank in Costa Rica. Cobiscorp claims Citibank, HSBC and Banco General as users of its Cobis Universal Banking Solution (Cobis UBS).
The market has been relatively quiet in recent years with
only a single deal reported in 2016 after 2013. The deal was won by regional supplier, Grupo Arango’s A Banks Financial Software.
Ecuador
Ecuador is the stomping ground of regional players, including Cobiscorp (with the Ecuadorian Cooperativa banks among its users), Bantec, Datapro, domestic supplier, Fisa Group, and Top Systems. Notably, Cobiscorp was the big winner in 2016, signing three deals with Banco Nacional de Fomento, Mutualista Azuay and Cooperativa de Ahorro y Crédito Policía Nacional.
Beyond this, the only notable deal in recent years to go to a
mainstream vendor was a signing for TCS for Bancs in 2008 by the country’s largest private bank, Banco del Pichincha. The first phase of the project went live during2009, with completion in Q3
2012.The other deal was for Temenos in 2016 which was awarded by micro finance institution, Banco D-Miro.
Datapro scooped the only new-name customer in 2012, at
Banco delInstituto Ecuatoriano de Seguridad Social (Biess). There were no known deals in 2013.
There have been interesting changes in the market since
President Correa took office at the start of 2007. The new constitution defined the financial sector as composed of the public, private, and the popular and solidarity-based sector. The government set a goal of expanding the latter (which includes cooperatives, credit unions, savings and loan associations and other member-based organisations) to boost lending to small businesses. In January 2007 co-op loans stood at 11.1 per cent of private bank lending; by July 2012 this percentage had grown to 19.6 per cent. In addition, in May 2009 the government ruled that45 per cent of a bank’s assets had to be held domestically; this was then increased to 60 per cent in 2012.
The reforms seem to have been successful, in that the
country proved resilient during the economic crisis. There are 24 private banks, plus state-runBanco del Pacifico. The largest three banks, Banco Pichincha, Banco del Pacifico and Banco de Guayaquil, now account for just over half of the assets. Murex- MX3 platform won the lone deal awarded in2015 and had its first installation in the country.
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Honduras
This relatively poor country (two-thirds of the population live inpoverty) has produce donlya handful of deals in recent years. It has had the slowest growth rate in the region, according to the World Bank, and the country has been be set by natural disasters. The number of banks grew from 16 to 17 between 2004 and 2012, but with five exiting and six entering. HSBC was a departure, selling its operations to Colombian group, Davivienda; Citibank has headed the other way, buying Banco UNO.
There has beena delayed project at Banco Ficohsa, aprivately-owned commercial bank and the second largest in Honduras(afterBancatlanandaheadof BAC Honduras, whichis also no win Colombian hands, and Bancocci). Ficohsa opted for Temenos’ T24 in 2008 for its retail and corporate operations to replace Abanks, a locally- developed solution from Arango Software (now part of a larger regional software house, Grupo ASI). The original go- live date was anticipated in Q1 2010, but was then extended to 2012, due to project management issues. Abanks continued to support regional expansion of Ficohsa as an interim solution. According to Temenos, T24 was expected to go live in Honduras in 2013 and the system would then be rolled out to other countries in the region(Ficohsa’s international operations currently comprise Panama and Guatemala).
In 2010, Banadesa, the state bank for agricultural development in Honduras, chose a new core banking solution from Byte Software, the Guatemala-based core system supplier. The bank set about replacing a system from Arango. Another bank to go for a regional solution was Financiera Solidaria, signing with Top Systems in 2012. Notably – but off- the-record – SAP had a win in the country for its lending system in
2013.There were no deals report after 2013 until 2016 when Datapro was awarded a deal from Banco Ficensa SA.
Mexico
Mexico has been the most open and active market of any on the continent. At its peak, it saw 20 deals in 2007. The number was halved in 2008 and there were a mere three in 2009. 2010 saw a pick-uptosevendeals,therewere just a couple in 2011, but seven again in 2012, five in 2013 and four in 2014 (three of which were treasury and capital markets).
A head of the more recent activity, one driver for selections
in Mexico had been large retailers moving into banking, starting with Banco Azteca with Accenture’s Alnova in 2002. Two other start-ups went with Fiserv, in 2006 and 2007, comprising Banco Ahorro Famsa, set up by one of the country’s largest furniture and appliances dealers, Grupo Famsa, and
Market Dynamics Report 2017 |
www.ibsintelligence.com
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