institutions in the country. It is looking to expand its Islamic banking activities. The bank is a result of a 2010/11 merger of three domestic players: Atlas Bank, Mybank and Arif Habib Bank. Atlas Bank was a user of Temenos’ T24 system, Mybank was using Misys’ Equation and Arif Habib Bank had the Hplus core system from a small local provider, Bilogic, and the Auto banker treasury module from Autosoft Dynamics.
In total, there are five public sector banks comprising
National Bank of Pakistan, Bank of Punjab, Sindh Bank, First Women’s Bank (an interesting entity, with Autosoft’s core system, Auto banker, at its heart) and Bank of Khyber. The latter issued an RFP in 2010 and in 2011 it selected the Bank Essential core offering from a local vendor, Centegy Technologies (part of the Sidat Hyder Morshed Group); two specialist banks; 17 private sector banks (a mix of domestic and international); seven foreign bank operations; five Islamic banks; eight development finance institutions; and ten MFIs. Samaba Bank had an RFP for its SBC and awarded Temenos the deal for it Samba bank also selected Temenos T24 in 2015.
In 2016, Temenos won another core banking deal with
Soneri Bank, leading commercial bank in Pakistan. The other deal during the year went to Path Solutions.
Sri Lanka
Sri Lanka has been a reasonably busy country, for treasury as well as core. Five deals were signed in 2012. Three were for core banking systems and went to Malaysia-based Silverlake (Union Bank of Colombo), India- based Trust Systems & Software (Commercial Credit) and India-based Polaris, with Intellect Core (Cargills Ceylon). Trust Systems had gained its first win in the country for its Trust bank system the previous year, from Central Investments and Finance (CIFL).
The other two deals in 2012 were for treasury offerings.
Australia-basedCCK, working with a local partner, gained its first win in the country, at Central Bank of Sri Lanka, while Commercial Bank went for Sungard’s Ambit Treasury/ Quantum. The Central Bank also considered Wall Street Systems’ Trema-derived Wall street Suite (commonly taken in the past by central banks), and Misys’ Opics and Kondor+.
Two of five selections in 2011 had also been for Polaris, at Regional Development Bank and Citizens Development Business Finance. Two were off-the-recordtreasurydeals, for Infosys and Sungard, the latter with Ambit Treasury.
Polaris had also secured an off-the-record win in 2010, which was the only deal in the country that year.
Sri Lanka has in the past offered core banking deals to international providers but in small numbers. In 2009, Fiserv and Infosys each won deals. The most well-known project in the
country was the T24 implementation at Hatt on National Bank, which lasted a few years up to around 2007, when the bank decided to start again, eventually signing for Finacle. Temenos has not won a deal on the island since then although long- standing user, NDB Bank, upgraded during 2013/14.
Around half of the Sri Lankan banking assets are with the public sector, including the three largest banks. The six largest banks (including three private banks), account for around two- thirds of assets. The ratings agencies have expressed concern about the sector in the last year or so and the Central Bank of Sri Lanka, while denying weaknesses, is pushing for smaller banks to grow or merge.
It was quieter in 2013. Polaris’ Intellect was chosen at long-
standing finance specialist, Central Finance, while Infosys had an off-the-recorddeal.2014sawInfosys, Polaris and CCK building on their previous inroads. Polaris consolidated with an additional win in 2015 , when HDFC bank awarded it a contract for CBS implementation. Berendina Microfinance Institution awarded Trust System and software for their CBS in
2015.There was only one deal signed in 2016 was by Guradian Fund Management for iDeal, the treasury product from Indian supplier, Credence Analytics.
Thailand
Banks in Thailand have also had a tough time with international core system implementations. The highest profile efforts have come from Bank for Agriculture and Agricultural Cooperatives (BAAC), where it has been a case of ‘third time lucky’. Having tried with Temenos and then Open Solutions, it signed with FIS for Profile in 2010 and went live in 2012, with its 30 year- old legacy system finally switched off. Profile is used by a number of other Thai banks.
Beyond that, the selections have been few in the last years.
In 2009, Nucleus with Finn One had a win at a small lending company, Capital OK, while there was a treasury deal for Thomson Reuters (now Misys) with K+TP at Than a chart Bank.
In 2011 Murex had an off-the-record success and Misys’
Opics was chosen at Kiatnakin Bank. In 2012, Calypso gained Bangkok Bank while Malaysia-based Silverlake had a core banking system win at Thai Retail Credit Bank. The sole win in 2013 was for Temenos with T24 at government-owned EXIM Bank, which promotes the country’s SME sector.
FIS capitalised on its presence with the only selection
of2014, with Profile taken by Tisco Bank to displace Flexcube, which it had been running for a decade. Tisco Bank has $10 billion in assets and took Profile for deposits, to reside with its existing Finn One for lending.
The largest bank is Bangkok Bank, followed by Krung Thai Market Dynamics Report 2017 |
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