Technologies. It claims six Omni Enterprise takers comprising Wisdom Micro finance, Wegagen Bank, Oromia International Bank, Co-operativeBank of Oromia, Oromia Credit and Saving Share Company and the aforementioned Addis International Bank.
In 2013 and there was then only that one decision in2014 at
Debub Global Bank. However, a number of selections were seemingly nearing a conclusion. Oromia International Bank’s search for a new Islamic banking had reached the shortlist stage in Q1 2015. As mentioned, Infrasoft with Omni Enterprise is the incumbent and wa s one of the candidates vying for the deal. Purely for micro finance, OMO Micro finance, which provides loans, voluntary savings and insurance products in southern regional states, has opted for Neptune’s micro finance-specific Orbit-R offering. In 2015, Oracle FSS won 1 bank in Ethiopia for its Flexcube Product.
Gambia, Guinea, Sierra Leone and Liberia
These countries are among those that make up the West African Monetary Zone and have been seeking to overhaul their payments, clearing and settlement infrastructure, working within the West Africa Monetary Institute on an integration programme for the last few years.
There was little activity in terms of core banking systems in
these countries for a few years (nothing in 2013). On the one hand, at least in relation to most of its West African neighbours, Gambia has enjoyed a fair degree of stability in the last decade. On the other hand, it is still relatively small and poor.
There was one selection in Gambia in 2014, with Arab
Gambian Islamic Bank choosing Path Solutions’ iMAL, the vendor’s first deal in the country. This is the only Islamic bank in the country and has had a banking licence since 1996. Prior to this, the last known win for amain stream supplier in Gambia was 2009 for Temenos with T24 at the central bank, one of a number of such deals for the supplier within the West African Monetary Zone (the central banks of Guinea and Sierra Leone also took T24 that year).
Previously, Gambia-based start-up, Prime Bank, had taken
the ICS Banks system from ICSFS and seemed to have a successful implementation, going live in June 2009. However, majority owned by Lebanese Canadian Bank, the shareholders decided to close down the bank in early 2013 in light of new capital requirements from the Central Bank of Gambia.
A number of pan-African banks use core systems in Gambia,
including Eco bank with Oracle FSS’s Flexcube. Nigeria- basedGuarantyTrustBank (GT Bank) rolled out ICSFS’s Banks in Gambia, Liberia and Sierra Leone. Malaysia- based
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International Commercial Bank has the ICBA system of Malaysian supplier, Infopro, in Gambia, Guinea and Sierra Leone. Long-standing micro finance player, Fern Software, has customers in Gambia and Sierra Leone.
In Liberia, India-based Trust Systems claimed to be
pursuing an opportunity for its Trust Bank core system during 2013 and duly signed International Bank in 2014. Trust Bank core system also won Supersonicz Micrfinance Bank CBS deal in 2015.
In Guinea, in 2012, France/Lebanon-based Capital Banking
Solutions gained a deal for its Capital Banker from Banque pour le Commerce et l’Industrie. This was an extension from along- standing customer. The previous year it had won a mandate at the country’s treasury. In 2016, another France based supplier, Sopra Banking, won a deal for its Amplitude core banking solution.
Ghana
This is one of the most stable countries in Africa, often seen as a model for political and economic reform on the continent. Reflecting this, it has been one of the busier countries for international core banking system suppliers. It also has a relatively good payments infrastructure. There are around27 full banks (domestic and international), 137 rural and community banks, and a host of non-banks.
Temenos has a sizeable user base and added three to this in
2012, followed by National Investment Bank in 2013. And added one more account in 2015. Oracle FSS’s smaller user base tends to be older, going back to the I-flex Solutions days. Its last known win, ahead of 2014 (see below), was in 2010 at Energy Bank. Infosys’ first win in Ghana came in 2008, at UT Bank (BPI Bank, as was), but it has not built on this since then (UT Bank subsequently signed for Temenos’ T24 in 2010).
India-basedTrustSystems&Softwarehasmade some
headway here. It gained Prudential Microfinance Management Service and Perch Co-operative Bank as users. In 2011 it added Shine Credit, a start-upfinance company. Shine Credit was seeking functionality for retail banking, cash management and branch automation for its launch, initially with seven branches. Trust Bank was chosen ahead of three or four other solutions, one of which was Temenos’ T24.
ITS gained a foot in the door in mid-2013 when Zenith Bank
in Ghana opted for its Ethix system, following the lead of the parent bank in Nigeria. The bank had 27 branches in Ghana at this time and set about replacing ITS’s older Phoenix system.
Nigeria/UK-based Neptune has had success in the past in
the low-end sector here, while micro finance newcomer, Mambu, has been a more recent arrival, picking up three known
Market Dynamics Report 2017 |
www.ibsintelligence.com
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