20 MOST PROMISING
BANKING
The Navigator for Enterprise Solutions
BANKING TECHNOLOGY SPECIAL
20 Most Promising Banking Technology Solution Providers
I
t has revamped the banking space, giving them the
liberty to bring along new features and customer
centric products. Leveraging the technology trends
such as cloud, mobile, social media, analytics and
cyber security, banks are able to deal more effectively
with customers and ever changing market scenario.
However, with advancements comes the difficulty in
utilizing the true power of IT. Right from spending
millions of dollars on tools to consistently keeping up
with increased mobility demands, banks face difficulty
in driving the cost-to-value out of IT. Many of those
who are experienced in banking often cite the need
to have a user and customer friendly IT experience,
which enables effective ROI and customer retention.
Customers continue to place a premium on the
convenience of online and mobile banking channels,
while banks reduce their reliance on costly in-branch
interactions. Banks do this by embracing digital
channels to provide services to their customers. Banks
will have to keep up with trends like mobile wallet that
Capital Banking Solutions
recognized by magazine as
20 MOST PROMISING
BANKING
TECHNOLOGY
SOLUTION PROVIDERS - 2015
An annual listing of 20 companies that are in the forefront of providing
Banking Technology Solutions and impacting the marketplace
Pradeep Shankar
Editor-in-Chief
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CIOReview july 2014
FEBRUARY 12 - 2015 CIOREVIEW.COM
continues to gain momentum. In today’s environment
of “Internet everywhere”, some innovative banks
have also started offering in-branch Wi-Fi to improve
their business performance.
For financial services in 2015, it is all about the
ability to extract deep insights from customers’ data
that creates real monetization opportunities and
capitalizes on customers’ desires and expectations.
Wi-Fi, coupled with other emerging technologies,
provides the opportunity to do just that. To help CCOs,
CIOs, and CEOs find the right banking technology and
provider for their enterprises, our selection panel has
evaluated hundreds of banking technology providers
that own innovative technologies in this space.
In our selection, we looked at the vendor’s
capability to fulfill the burning need of cost-effective
and flexible solutions to tackle complex banking
challenges. We present to you CIO Review’s 20 Most
Promising Banking Technology Solution Providers
2015.
Company: Description:
Capital Banking Solutions Capital Banking Solutions (CBS) is an
integrated software systems provider that
supports the business operations for retail,
international and corporate banks
Key Person: Website:
Michel Tueni www.capital-banking.com
COO
Capital Banking Solutions
Providing End-to-end, Integrated Banking
W
ith the latest wave of integrated software bringing
together discrete systems in banking operations,
business functions in financial institutions are effectively
booming to success. However, along with the technology innovations,
banks are challenged with growing regulations and compliance
requirements. In fact, changing customer behaviors and demands
such as an “anywhere, anytime paradigm,” is impelling banks to
provide an unbeaten user-experience. Capital Banking Solutions
(CBS), an integrated software systems provider supports the business
operations for retail and corporate banks. “We are adapting to the
new scenario through products for Internet banking, running on
any device from anywhere and offering full banking operation
services. We also empower organizations with risk management and
compliance solution that allows businesses to manage credit, market
and operational risks,” says Michel Tueni, COO, CBS.
Most importantly, CBS adds FATCA compliance component to
their Capital Compliance solution, BASEL III Regulatory Reporting,
and SEPA compliance to address regulatory reporting. In addition,
they provide expertise to address anti-money laundering, fraud
prevention, protection from corruption and terrorism, and compliance
with international sanctions.
CBS’s core banking platform, CapitalBanker is designed to
support the full scope of back-office and front-office services for
commercial banks. “It brings to its users management and marketing
tools, allowing them to stay very close to their clients, enhancing
their commercial activity and performance,” says Tueni. Its scalable
technical architecture uses SOA and Web Services, a rich and
friendly user interface. Also, the platform’s organizational structure
is dedicated to servicing every functional profile in the bank—alert
management, a customer 360-degree vision, and tools for tracking
profitability. Along with Risk management and Compliance, the
extensive suite facilitates Business Intelligence, CRM, Bank Office
Automation, and Portfolio Management. It has multichannel that
connects with the clients from anywhere via Internet, phone, mobile,
ATM and kiosk. “Our full portfolio of extensible software modules is
available on premise, hosted and in the cloud,” he adds.
“We ensure optimal sizing and tech-configuration to help banks
with their overall architectural and development needs,” claims
Tueni. “At the same time, our platform is very stable and reliable,
empowering the smaller to medium-sized banks with full service
IT. Our banking consultants focus at defining requirements and
enhancing products, providing 'enablement' in banking. We have the
ability to customize our deployments based on customer needs and
local regulations, and this is done with a very successful parameter-
driven design,” Tueni adds.
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CIOReview February 2015
TECHNOLOGY
SOLUTION PROVIDERS - 2015
20 MOST PROMISING
2015
PHARMA &
Software
LIFE SCIENCES
TECH SOLUTION PROVIDERS
20 MOST PROMISING
BPM
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20 MOST PROMISING
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Michel Tueni
For instance, Bank of Africa (BOA), their client, is
present today in 15 African countries through a network
of commercial banks. BOA has been utilizing CBS’s core
banking system, CapitalBanker, since 1998. “With more
than 255 units and 2600 employees, our product architecture
empowers BOA to implement a single solution in all countries
which accelerates their growth in the African Continent,”
says Tueni. Today BOA can manage the roll out of new banks
through an internal dedicated structure.
“Cloud-based delivery is a major area of growth for
us. The mobile banking paradigm has inspired us to find
new delivery solutions to bank customers. In areas where
mobile banking is not pervasive, we focus on other means
of financial services delivery such as the OctoKiosk—an
innovative solution that brings ‘banks to the client and not
client to the bank’,” says Tueni. CBS sees significant growth
in the Latin American and African markets, in particular as
a “replacement platform” for existing antiquated systems that
do not deliver the level of innovation needed for the banking
market to thrive. The company is also launching a new regional
office in Abidjan, Ivory Coast, in February 2015. “We foresee
significant growth in 2015 and beyond in the banking market
for innovative solutions that are cost-effective to our clients,”
he concludes.
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CIOReview july 2014