IBT


CedarPark, USA


I2 Core » Typical users are community banks and credit unions with assets under $1b » Microsoft-based system written in C# and .Net with SQL as database » Most customers use the core system on a hosted model » Supports core, payments, online banking and document management


i2 Core IBT


Origins


IBT is a privately-held banking software provider based in Texas. It started off as Guaranty Technology, a subsidiary of Austin-based Guaranty Bank. It was renamed as Integrated Bank Technology (IBT) when it split from the bank. Co-founders were Mike Shubert, who worked at deposits imaging specialist, Dataworks Inc, and Charles Capel, one of the original developers of the Norcross, GA-derived BancPac system, which today resides with FIS. Today, Shubert is CIO and Capel is COO. Capel worked at Guaranty Bank in the mid-1990s, joined Dataworks Inc, then rejoined Guaranty Bank in 1998 as VP of data processing and formed the subsidiary, Guaranty Technology. Today’s president is Mike Golebioski, who was CEO of


acquired company, MICR Resource Management (see below). IBT CEO is Mark Dittman, who joined at the start of 2005 from Banking Equipment Services Inc. Guaranty Bank acted as the development partner for the new system, which allowed the developers to gain feedback from its captive customer and adapt the system as it went along. It remains a user, albeit not a shareholder. IBT claims to offer complete enterprise-wide automation


for financial institutions across core, mobile and payments solutions from a single code base and one central database. Dittman pointed out that when IBT set out, it knew it needed a reason for banks to consider it alongside the strong existing suppliers. One difference was a focus on community banks and providing the levels of service that they needed, something that it was felt that larger suppliers were unable to deliver. ‘In the last few years, we feel there has been a vacancy especially in that marketplace,’ he said. Most of the clients for IBT have migrated from the ‘big three’ suppliers and have been recruited at a faster rate than initially expected, he added. The new supplier also wanted to avoid the scenario of larger suppliers whereby they provide perhaps ten different applications to a single customer. That customer has ten different numbers to call for support and ‘so no cohesive interaction even though it has bought from one supplier’, said Dittman. ‘One system, with all of the functionality in one database, was a fundamental cornerstone.’ There is also a single release, with all customers upgraded at once. The same solution is sold to banks as is sold to credit unions. This considerably eases the task of enhancing the platform, including for regulatory changes. The system is written in C# and .Net, with SQL as the database, so is firmly in the Microsoft camp.


US Financial Services Technology Market Report | www.ibsintelligence.com 87


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