Bank was notable. The project followed the bank’s successful cut over to Finacle and was expected to run through2013.
Given the domestic suppliers’ dominance, a core banking
deal in 2013 stood out. It was from New Delhi- based Bharatiya Mahila Bank, India’s first public sector bank catering exclusively for women. Set to commence operations on19th November 2013, it chose the Profile core banking offering from US vendor, FIS. The new bank opted for a hosted ‘pay per use’ model to help speed up its expansion process. Infosys, Polaris and TCS also bid for the deal. The bank, which has an all-woman board, opened on time, with seven branches, and was aiming for 55 branches by March 2015. Profile already had one long-standing user in India, ING Vysya, which during2013 was undergoing a major upgrade of this core system.
One higher-endstop-startselectionin 2013 was at
Corporation Bank, which offers retail and corporate banking to over 16 million customers in India. It opted for Finacle to replace its decade-old legacy system, Laser Panacea from Polaris, to cover its 1600-branch network. Polaris unsuccessfully contested the decision but the contract with Infosys was not signed. It meant that, in a much quieter year than normal, outside of the excluded very low-end deals, Infosys drew a blank. FIS had a second, off-the-record, signing for
Profile.TCS and Nucleus picked up two deals each but that was the extent of the new-namebusiness in India in 2013.
Corporation Bank was back in selection mode during 2014
and had reached the vendor shortlist stage by the end of the year, with HP and Wipro vying for the contract. Wipro was partnering with TCS, HP was offering Finacle. The two system integrators were also the finalists at the previous selection at Corporation Bank.
Among the deals that were signed in India in 2014, a stand- outonewasSAP’slendingsystemsuccessat one of the country’s largest co-op groups, Adarsh Credit Cooperative Society. It was understood that Infrasoft’s Omni Enterprise is to be ousted within a project to bring centralisation to its network of 600 branches and 100,000 agents, and to harmonise the product set across the society.
FIS built on its success as Bandhan Financial Services,
India’s largest MFI, chose to implement the outsourced version of Profile. The new solution will cover trade finance, treasury, AML, payments, switching, debit card management, ATMs, internet and mobile banking, plus interbank network connectivity.
In2015 , 4 CBS deals were awarded. Finacle won 1 deal,
while Fin One of nucleus software won 3 deals including one from Magma Fincorp. One of the new entrants in Indian banking industry; Bank Internasional Indonesia (May Bank)
156
Selected Intellect design’s Intellect Treasury module. The Indian market saw an unprecedented rise in the
number of banking system deals awarded, the 44 deals awarded during the year may very well be the highest in the history of the country. To put it context, the number of deals in 2016 was higher than the combined tally of deals in the last four years (2012 -15). This spike in deals coincided with the government pushing the country’s economy to go completely digital and eliminating physical cash in the future. At the same time, there were many new banking licenses released by the Central Bank, especially for small finance banks and payment banks. These small finance banks and mid-sized financial institutions dominated the client wins during the year.
Intellect Design Arena, which demerged from Polaris in
December 2014, and Edge verve, the demerged products division of Infosys, came out as the big winners, with 10 deals and 7 deals, respectively. Half of Intellects’ wins were for its wholesale banking product, Intellect DTB. Intellect was signed up by Capital Small Finance Bank, India’s first small finance bank, for its Digital Core retail banking product. Lending system deals were in vogue during the year, with homegrown lending suppliers, Nucleus and Indus Software winning 5 deals each. In the treasury and capital market systems, FIS won two deals for its Ambit Quantum product, while Calypso scored a single win during the year.
Laos
According to the Bank of the Lao PDR, the number of commercial banks in Laos had reached33 by mid-2013, an increase of six banks compared to the end of 2011, thanks to the government’s policy to facilitate and support investment in the banking sector. This includes the operations of foreign banks, state-owned banks and joint venture banks, while there is also one policy bank, Nayoby Bank. The strategy of building the banking sector includes a planned entry in 2015 into the Asean Economic Community. As in neighbouring Cambodia, Oracle FSS has been the dominant supplier in Laos in the last few
years.In2010, the central bank, Bank of Lao, selected Flexcube, followed in 2011 by Lao-Viet Bank and Banque Pour Le Commerce Exterieur (BPCE).
In previous years, the projects had gone Temenos’ way, at
Acleda Bank (also a customer in its domestic market of Cambodia), Phongsavanh Bank (2006) and Lao Development Bank (2008). 3i Infotech also won a core banking deal in 2008, at Agriculture Promotion Bank.
There were no deals in 2012 or 2013 but Oracle gained
another win in 2014. Of foreign banks in the country, ANZ uses Infosys’ Finacle,
Market Dynamics Report 2017 |
www.ibsintelligence.com
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
