Orabank live with new core banking system, Sopra Banking Amplitude, in 12 countries
Orabank, a retail, SME and corporate banking group based out of Togo, has completed the implementation the Sopra Banking Amplitude core system, supplied by Sopra Banking Software.
The new, standardised solution has been rolled out across 12 countries in West and Central Africa. It replaced a multitude of legacy systems, including V.bank from France-based tech supplier Viveo (now Temenos).
Viveo was acquired by Temenos in 2010 and its software was promptly sunsetted. Around the same time, there was an ownership change at Orabank – and all this prompted a major IT and organisational refresh.
Orabank embarked on its enterprise-wide technology overhaul in 2012.
Banking Technology understands the bank evaluated four providers, Sopra and Temenos among them. Sopra’s offering has a larger presence in the region and was a lot cheaper than Temenos’ proposition.
By early 2014, the bank had a number of countries – including Togo, Chad and Guinea – live on the new system.
Banque Togolaise de Développement (BTD), acquired by Orabank in 2013, was merged into the group and also moved onto the new platform.
Now, the entire Orabank group is running Sopra Banking Amplitude.
“Having a standardised IT system is essential for Orabank group’s transformation. Amongst other things, this enables the group to optimise performance and produce uniform reporting at a group level,” explains Binta Toure Ndoye, CEO of the group.
The group has 126 banking branches and 1,650 employees.