Region | Central and South East Asia Core Banking Systems | Regional Analysis
This is a large, diverse area that includes parts of the Caucasus, the Central Asian Republics, the Indian subcontinent and mainland South-East Asia. This probably accounts for a less than clear-cut picture of trends over time, with peaks and troughs, rather than an obvious pattern. The economiest end to be fairly resilient, although there is cause for concern in some, and clearly political instability in a few countries.
India tends to dominates but there are some other relatively active countries which in recent years have generated good
business, particularly Bangladesh and Vietnam. It is a region that tends to buy packages (although there are exceptions, notably Turkey) and the Indian heavyweight suppliers plus Temenos feature prominently, amidst a range of country-specific or small regional vendors. 2015 saw 37 deals being signed in this region, with a lion’s share of 28 deals being with Universal Banking systems. The number of deals almost doubled to 65 in 2016, a large part of this spike contributed by a very active market in India with 44 deals. It is important to note that the 44 deals exclude domestic deals in India that were won by Indian suppliers without a competitive selection process.
Independent commentary by country
Afghanistan Understandably, this is a country with little banking infrastructure but the rebuild process has involved attempts to support the sector and its automation. There were a couple of deals in 2009, with Oracle FSS’s Flexcube selected at Kabul Bank (later rebranded as New Kabul Bank, following a corruption scandal) and Malaysia-based Infopro with its ICBA system at Bakhtar Bank. There were no deals in 2010, 2011 or 2013. Small UK-based supplier, International Financial Systems, also claimed an order from New Kabul Bank in 2012.
Both Oracle FSS and Infopro already had sites in the country.
Flexcube is used by Afghan United Bank, with the selection in 2009. By late 2011, the bank had 15 branches on the system, with another five planned. The first taker of Flexcube in the country was Afghanistan International Bank, back in 2003. Infopro’s user was Azizi Bank, which signed in 2007 and was set up by prominent business man, Mirwais Azizi. However, Azizi Bank was a win in the country in 2014 for Oracle’s Flexcube. There is the possibility that Iranian banks will move into Afghanistan and one supplier to these, Tosan (via its Malaysia- basedoffshoot, IDCorp), is hopeful of gaining business as a result.
In the microfinance sector, Temenos’ Emerge system (slimmed down version for MFIs of Globus/T24) was to have been implemented by Aga Khan for Economic Development entity, First Microfinance Bank, a signing in 2004, but this did not occur. GIZ with its MBW in system has a relatively large number of MFI users in the country.
There are two government-owned banks, Bank-e-Millie
Afghan and Pashtanay Bank, nine private banks, four foreign banks at present (all from Pakistan) and a host of MFIs.
Bangladesh Bangladesh has been relatively busy interms of core
banking system selections in the last few years. These have been spread across a small number of foreign providers – mainly Temenos, Oracle FSS and Polaris – which compete with a few domestic providers. The country’s population of 140 million is served by 42 banks via 4000+ branches. Financial inclusion is on the rise and many banks have been struggling to cope due to their branch-based, decentralised systems or, in some locations, lack of systems at all. In 2010, the central bank of Bangladesh mandated all banks to move to automated core banking systems.
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