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There were 21 conventional back office systems deals and one digital banking deal in Russia in 2016, down from the 37 reported in 2015.  More than 50% of the conventional back office deals were in the universal banking category, while the bulk of the rest were lending system deals.

Russia | Domestic IBS Sales League Table 2017

Russia | Domestic IBS Sales League Table 2017

Diasoft tops the Russian domestic SLT in 2017 after spending three years in the runner-up position. It reported 12 deals in 2016, up from 10 in the previous year. It also laid claim to two global deals during the year in Indonesia and Vietnam. Inversia’s Bank 21 Century system, which topped the Russian league table last year, dropped down to second place, with six domestic deals (compared to 11 in 2015). Clients acquired in 2016 include Taganrogbank and Sukhumbank. Four of the deals were in the universal banking space, with the other two falling under the lending category.

ProgramBank and BIS both witnessed a decline in Russian activity in 2016, with two deals each. Confidence Bank and Interprom Bank were the two customers for QBIS, ProgramBank. CBS was selected by Global Exchange for its Universal Banking offering.

by Darshana Adanwale