In2011, Oracle FSS gained a win at Kuwait start-up, Warba
Bank, but there were no other wins in the country. Infosys, with Finacle, recorded another solitary win, in 2012. There had been a single Nucleus Finn One selection in2010 but a few more signs of life in 2009, with Al-Ahli Bank Kuwait (ABK) taking Misys’ Opics and Kuwait Finance House subsidiary, Liquidity Management House, taking iMAL. In
2013, only Nucleus, with Finn One at a domestic bank, had a
success. 2014 saw an off-the-recordwin for Switzerland- based ERI while Temenos picked up a T24 deal at investment and wealth management specialist, Arzan Financial Group. In 2015 there was 1 deal which was awarded to Infosys while Gulf Bank awarded Intellect design contract for lending system. The trend continued in 2016 with only one deal recorded, this one awarded to Infosys.
Lebanon
Lebanon has provided steady business for local and non- local suppliers over the years. Some of the demand has been from non-banks. The different forms of financial company are often backed with private funds; some are linked to banks, some are sizeable, others are small start-ups.
Domestic banks are dominant (foreign entities accounted
for 16.7 per cent of assets at the end of 2012). The economy has been sluggish and there has been instability. Despite efforts by the central bank, Banque du Liban, to encourage Shari’ah banking over the last decade, the sector remains fairly immature. There were 73 banks in the country at the end of 2013 and 50+ other forms of investment companies and other institutions.
BML Istisharat has traditionally done well in its own
backyard, while Capital Banking Solutions, which is majority owned by Lebanese financial institution, Bank Audi, has seven users in the country, including Bank Audi itself. However, these two don’t have everything to themselves, with other suppliers, including the treasury system ones, gaining wins from time to time. Interestingly, in 2016, Bank Audi Sal awarded the contract for its core banking upgrade to Temenos’ T24.
In 2010, for instance, the recipients had been Capital
Banking, but also Misys with Opics, ICSFS (Bank of Baghdad’s new operation in the country), Murex and Nucleus.
In 2011, BML had won two of five deals in the country that
year, Capital Banking gained Cedrus Invest Bank, Nucleus won an off-the-record deal, and ICSFS gained Jammal Trust Bank (JTB).
In 2012, Lebanon was considerably quieter, with just a
couple of orders. Start-up, Levant Investment Bank, went for the tried and tested in the form of BML’s ICBS. However,
another Lebanese bank chose to go with French supplier, SAB. Another start-up, Invest bank, a subsidiary of one of UAE’s oldest banks, also went the BML route in 2013, the only deal in a notably quiet year in the country.
Lebanon is home to one of the industry’s longest running
core banking system projects, with this still rumbling on in2013. It is at Banque Libano-Francaise (BLF), which selected Temenos’ T24 with a range of Oracle components back in2007. The phased roll-out was meant to span three years, across head office and international branches. Since then, the focus has been firmly on the bank’s domestic operations, where it has around50 or so branches. A cut over to T24 finally happened in August2013, after which the focus moved to the Oracle components.
Bank of Beirut is a major customer of Misys in Lebanon,
using a wide range of the supplier’s offerings, including Bank master (a move to Bankfusion Universal Banking is on the agenda), Sophis Risque and Value, and Trade Innovation.
2014 saw Capital Banking gaina deal at Banquede l’Habitat, a housing finance lender, to replace a 20-year old Cobol-based system. There was also an off-the-record deal for Oracle with Flexcube. Société Générale de Banque au Liban (SGBL) signed to implementT24 for retail, corporate and private banking, for Lebanon as well as Jordan and Cyprus. This was to replace BML’s ICBS and the selection was in parallel with a wider global selection by the bank (seemingly also ending up with T24, with a decision in early2015). Bank Audi S.A.L. award Intertech contract for their Interface system in 2015.
Oman
Oman saw a regulatory-drivenspike in 2012, as a result of the ruling that banks needed to separate conventional from Islamic banking.
That flurry of activity had Path Solutions as the main
beneficiary, gaining four deals for its iMAL system. Traditional regional rival, ITS, picked up the other core selection, at National Bank of Oman. The year’s other deal was a treasury win for Sungard with Quantum/Ambit Treasury, also at National Bank of Oman. The latter win followed another the year before for Sungard at HSBC.
Before the 2012 rush, Path had won the other deal in the
country in 2011, at Ahli United Bank. Prior to this, the deals had been few. Nucleus had picked up three retail lending selectionsacross2009and2010, the central bank had opted for what was Trema’s Finance Kit (now the Wall street Suite from Wall Street Systems) in 2009, and Infosys gained a notable core banking system deal the year before from Bank Dhofar.
It is worth noting that one of Path’s 2012 wins was at Bank Market Dynamics Report 2017 |
www.ibsintelligence.com 177
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
