2012. The bank launched in April 2013 following a month and a half roll-out.
Going a different route during 2012 was another Islamic
start-up, Mauris bank. It opted to become the first user in the country for the core banking system of French supplier, SAB. The system, SABAT, was take non a Software-as-a- Service (SaaS) basis and the implementation, starting on 2nd January 2013, was expected to take six months. The deal was gainedvia a Tunisian partner, Arabsoft. A rather put-out Path claimed not to have received an RFP from Mauris bank.
Completing these tof 2012 wins, Capital Banker was
chosenby Caisse de Dépôts et de Développement (CDD). CDD was a new entity, established by the Mauritanian government in spring 2011, and went live with the French supplier’s platform in November 2012, after work started in May/June 2012. Capital Banking had an established presence in Mauritania, with four other banks as Capital Banker users.
One selection that continued during2013 was at the
country’s central bank, Banque Centrale de Mauritanie (BCM), which initiated a modernisation programme for the country’s banking system (including the introduction of Basel II and IFRS), and started to look for new banking software as part of this major overhaul. One off-the-record deal was concluded, with Sopra gaining anothertaker for its Delta-derived system. There were no decisions in 2014.
In 2016, Temenos signed with Banque des Financements
Islamiques for the implementation of the Islamic Banking version of its T24 system. Similarly, Sopra Banking Amplitude also scored an Islamic Banking deal during the year. The only other deal reported during the year was again an Islamic Banking signing for International Turnkey Systems’ Ethix.
Mauritius
Mauritius has been a fairly active market in the last few years. There are 21 banks on the island of which six are local, 10 foreign owned, one is a joint venture and four are branches of foreign banks. While the economy has slowed, this is one of Africa’s wealthiest countries and has a relatively sophisticated financial services sector. There were no signings in 2013 but a reasonable number prior to this and a significant pick-up in 2014 and again in
2016.Oracle FSS with Flexcube won the two deals on offer in 2010, at ABC Banking Corporation, which had converted from a leasing company to a bank, and at the country’s largest bank, Mauritius Commercial Bank (for direct banking).
In 2011 there was another Flexcube taker in the form of
Sicom Financial Services, and three signings for 3i Infotech’s Kastle Universal Lending solution. These were BAI, Mauritius Post and Co-operative Bank (MPCB), and Mauritius Union.
In 2012, there were wins for TCS Financial Solutions with Bancs at Banyan Tree Bank, Infosys with Finacle at State Bank of Mauritius, and a success for Nucleus Software. The State Bank of Mauritius deal was notable, with the bank signing to replace a heavily customised version of Flexcube. It is thought the bank signed an eight year licence with Hewlett- Packard which would see Finacle hosted from a data centre in Bangalore. None of the parties was willing to comment.
Infosys has a relatively strong hold on the market, including
at its first taker, signed in 2004, the aforementioned MPCB (which went through a major upgrade during 2013). Temenos has only won one known deal in the country, coming in 2007 at Mauritius Commercial Bank to replace an old version of Sungard’s Symbols (now Ambit Core Banking) with T24, and this proved an extremely late, difficult project but saw cutover in the end. Development Bank of Mauritius had gone for Flexcube the previous year.
2014 was relatively busy, with core banking successes for
Infosys with Finacle, Sopra with the Delta Informatique- derived Amplitude, and Oracle FSS with Flexcube, plus a treasury and capital markets win for Sungard, perhaps prompted by a new stock exchange in the country, African Stock Exchange (AFSX), which was gearing up for a 2015 launch. The latest Flexcube selection came at Employees Welfare Fund(EWF),as it moved towards a full banking licence. It signed for abroad range of modules to be delivered by India-based Flexcube specialist, JMR Infotech. In 2015 , Axys bank selected ERI’s Olympic banking system. Axys bank is corporate, leasing and wealth advisory firm.
During 2016, of note amongst the four deals were,
Temenos, who scored a deal for its T24 system with ASA Asset Management. Finacle continued its stream of wins with another deal in 2016.
Morocco
Morocco has traditionally been a strong country for the French suppliers of core banking and other systems, mirrored by the position in the country of the French banks.
Morocco saw six deals in 2010, which was equal to the
previous three years combined. ERI featured, with two successes, following on from a win in 2007. Its 2010 deal at Bank Al-Maghrib was notable as this bank was the first to sign for ERI’s Olympic system on Oracle and Unix (it had been tied to the IBM AS/400/iSeries prior to this). Olympic was taken to handle account keeping, e-banking for institutional customers and securities. While Bank Al- Maghrib is the country’s central bank, it also has some commercial banking activities. There was a cut over in 2012, so later than planned, given it was initially touted
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