changes. ITS with Ethix picked up wins at Assaray Trade & Investment Bank and United Bank for Commerce & Investment, while Temenos won Sahara Bank.
The banking market is heavily government-owned, with
majority stakes in the six largest banks and an overall holding of around 85 per cent of the market. Pre-revolution, there had been attempts at privatisation, with BNP Paribas’ 19 per cent stake in 30-branch Sahara Bank being the highest profile example, with this widely viewed as a failure. BNP eventually divested its stake and the bank needed to move off the BNP Paribas infrastructure, hence the selection. NDC Tech, Temenos’ partner, was sub-contracted to manage the implementation. NDC Tech had worked on a T24 project at Libyan Qatari Bank, which had been a signing in 2010.
One vendor to make progress on the Islamic banking side
has been small, long-standing core banking system supplier, B&F Soft in Egypt. Existing user, Alwaha Bank in Libya, took a new version of B&F’s Smart Bank for a first full Islamic branch in April 2012. The one multi site user of Smart Bank, Libya- basedBanqueSahelo-Sahariennepour l’Investissement etle Commerce(BSIC), was apparently also lined up for the new version, for its operation in Sudan. Alwaha Bank has been a user of the conventional banking version of Smart Bank for around six years, BSIC for around twelve. The latter has the system for 13 countries across north and central Africa. The other user of Smart Bank is Development Bank in Libya (won five years or so back against heavyweights including Temenos and Misys, as well as regional players, including ICSFS).
ITS had also previously made headway in Libya. Gumhouria
Bank, the country’s largest bank, went live at a first branchwith ITS’s Ethix in the first half of 2012 in a project that was disrupted by the revolution in 2011. Gumhouria has Oracle FSS’s Flexcube for 140 or so branches (equating to more than a quarter of all bank branches in the country), and the Ethix solution replaced legacy software in the pilot branch and interfaces to Flexcube at the bank’s head office. Additional branches were due to come online with Ethix over the next year or so.
A 2009 signing for Path finally saw cut over in early 2013,
with the project having been put on hold due to the political situation. This was at Wahda Bank, with iMAL running alongside Flexcube (the latter on an outsourced basis, provided by the Central Bank of Libya). The bank felt that its move into Shari’ah- compliant finance had to be underpinned by a fully-fledged Islamic banking system. Wahda Bank, which is part-owned by Arab Banking Group, was encouraged to implement iMAL after visiting another of the group’s subsidiaries, UK-based Europe Arab Bank, which had been using the system since 2007. Sopra Banking software had 1 win, for their Sopra Banking Amplitude. No deals were reported in 2016.
74
Malawi
There are nine commercial banks and two discount houses, a mix of domestic and foreign. Malawi is one of Africa’s poorest countries. Only around one-quarter of the adult population is served by a financial institution; one step being taken by the government is to try to move from cash payments to electronic disbursement, within the‘Better Than Cash Alliance’.
The two heavy weight core banking system suppliers,
Oracle FSS and Temenos, have won a couple of deals each in Malawi in the last few years, and both have handfuls of older clients here as well. Oracle’s wins came at Reserve Bank of Malawi and Continental Discount House, while Temenos had successes at National Bank of Malawi (to replace Bank master) and FDH Bank. Neptune Software picked up a deal from Malawi Savings Bank in 2009.
The solitary win in 2013 was for Infosys with Finacle and
came at 27-branchFirst Merchant Bank, which was a Flexcube user. There haven’t been any reported deals since 2013.
Mauritania
As an example of how regulations can bring a flurry of selections, 2012 in Mauritania was a case in point. Having only seen a single system selection back in 2009, the arrival of Islamic banking in the country unlocked four selections in
2012.This has continued in 2016, with all the three deals during the year signed for Islamic Banking systems. Traditional player in this space (but not on this continent), Path Solutions, won two of these, with the others picked up by two French suppliers, Capital Banking Solutions and SAB.
The not able loser was Sopra/Delta Informatique, which did
not build on its base in the country. It has been in Mauritania since the mid-1990s, starting with a multi site roll-out by Banque Belgolaise, part of Fortis. Banque Mauritanienne pour le Commerce was added in 2009, while another multi site user, Attijariwafa, cut over in Mauritania as well. There was also no look-in for Temenos in the 2012 clutch. It won Banque Nationalede Mauritanie back in 2006, but nothing since then till 2015 , where it opened its account again with 1 win for the Sopra Banking Amplitude software.
In 2012, Path Solutions gained Banque Populairede
Mauritanie (BPM), awholly-owned start-upofone of the country’s largest financial services groups, Groupe Mauritanie Leasing. Path already had Banque Islamique de Mauritanie as its initial client in the country, part of a 2011 multisite Islamic deal from West Africa-based Tamweel Africa Holding, which is itself owned by the Islamic Development Bank. Path added a third customer, a start-up, Bank Al Muamelat Assahiha, in late
Market Dynamics Report 2017 |
www.ibsintelligence.com
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