Neelmeyer AG. The banks are users of the Corbas core banking solution, which is offered to mortgage takers and private banks. The operation also has solutions for payments, risk management and tax calculation. The suite is offered on a hosted basis or as an on site deployment. German Sopra customers were few, and mostly country operations of customers that are based else where, such as Rabobank (for the Callataÿ & Wouters-derived Thaler) and Attijariwafa Bank (for the Delta Informatique-derived Delta-Bank). However, it did gain a flagship live site in early 2014, at Stuttgart-based Mercedes Benz Bank. The bank implemented the Thaler core system (now Sopra Banking Platform).
Not long before Sopra’s move, there was another French
acquisition in Germany, this time on the lending and leasing systems side, when Cassiopae acquired long-standing Germany-based leasing systems specialist, Singhammer dt Software GmbH. This was the latest in a succession of acquisitions by the French company and increased its presence in German-speaking Europe. Singhammerdt Software was the leasing software unit of the larger Singhammer group and had been around for 30 years. It had 25 staff and 30 or so clients, with the majority in Austria and Germany but with sites as well in Switzerland, Czech Republic, Slovakia and Hungary. Cassiopae said it would no longer sell the Singhammer Leasysoft suite but nor would it force users to migrate. Interestingly, Cassiopae’s banking clients are now part of Sopra Banking Group after Sopra acquired Cassiopae in 2016.
On the treasury and capital markets side, in2011 Murex had
success at Renten bank, which serves as a financial institution for agriculture and the food industry. Misys’ Summit had single deals in 2011 and 2012, both in Germany. The aforementioned Maple Bank featured with Bankfusion in 2013 (the T24 roll-out was abandoned), being the first signing for what Misys was touting as the Global Back Office, a major component ofits newly-launched Capital Markets Fusion offering. Global Back Office offers centralisation, consolidation and streamlining of all back office processes of a financial institution, across multiple asset classes, locations and trading systems. At the heart of the platform is Summit, and Maple Bank, which already used Misys’ Reuters-derived Kondor+, signed as the pilot.
Given the only new-namedealsin 2013 in Germany were
this one, two for SAP’s Loans Management and Piraeus Bank signing for Profits from its compatriot, Intrasoft, it was a very quiet year here.
It was considerably busier in 2014, with Avaloq again
prominent. Isbank became the first retail bank in Germany to sign for Avaloq Banking Suite. The system will cover front to back office operations, replacing legacy software, IBBA (stemming from a Belgian vendor, Finance Technology, which
now resides with IBM Belgium).Itwill runfrom a central back office in Frankfurt and will spanIsbank’s operations across Europe, in a multi-siteset-up. The first phase will cover Germany, France, Switzerland and the Netherlands. The bank also has an operation in Bulgaria, which is expected to be added at a later stage.
Avaloq’s other German win was at private bank, BHF- Bank.
There was some uncertainty about this, as the bank has been bought by Kleinwort Benson. BHF-Bank was looking to standardise its core software across Germany and its subsidiaries in Luxembourg and Switzerland (which use ERI’s Olympic and Sungard’s Ambit Private Banking, respectively). The project might now be extended to the UK.
Also notable was a selection at another Turkish bank, Ziraat
Bank. Having given up on a plan to standardise its international operations on TCS’s Bancs, it started to make smaller, regional decisions and chose the Inter-face system from Turkish supplier, Intertech (subsidiary of Denizbank, now Sberbank), for Germany. The German operation of Ziraat is relatively big as it is a standalone subsidiary (rather than a branch), Ziraat Bank International AG, with HQ in Frankfurt and eight branches across the country. The bank had Paba/Q.
And completing the interesting batch of 2014 core banking
selections, Sopra had a win for the Sopra Banking Platform at Banque PSA Finance. The system was taken to support a new online savings bank, PSA Direktbank Sword Apak won a contract in 2015 for Aurius system. Sopra landed two more deals in 2016, an off-the-record core banking win for its Sopra Banking Platform and a lending system win for its Cassiopae platform.
Greece
There are slightly over 50 credit institutions in Greece (17 commercial banks, 13 co-operativebanks, 16 foreign operations from other EU member states, and four foreign operations of non-EU parentage).
Even before the crisis, this wasn’t a market that tended to
buy international packages, having a largely in-house slant. There are also a couple of long-standing domestic vendors, with clutches of users– Intrasoft (Intracom, as was) with its Profits system, and Profile (with IMS Plus for wealth management and FMS for retail banking). Pre-crisis, Intracom/Intrasoft had picked up a couple of new entrants onto the Greek market, Ziraat Bank from Turkey and Kedr Bank from Russia.
There has been some banking M&A in Greece, with core
system implications. Alpha Bank bought Emporiki Bank in late 2012 from Crédit Agricole for just €1 and then signed an agreement to take over the good assets of Hellenic Postbank
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