MyanmarRSS

Myanmar’s First Private Bank in tech revamp with Misys

Misys goes for banking gamification tech

Myanmar’s First Private Bank (FPB) has chosen the Misys FusionBanking Essence core banking system for a major tech revamp. The bank, which received the first banking licence in Myanmar in 1992, will upgrade its retail, corporate and digital offerings. FusionBanking will replace the bank’s “partially computerised distributed branch system”. Dr Sein Maung, chairman at FPB, […]

Fintech funding round-up: 24 April 2017

funding

The latest fintech funding round-up featuring Token, Ongo, National Bank of Canada (NBC) and a bunch of venture capitalist firms.

MAB awards core banking managed services deal to JMR Infotech

Myanmar is busy with banking tech projects

Myanmar-based Myanma Apex Bank (MAB) has selected JMR Infotech as its core banking managed services provider. For its core banking system MAB uses Oracle FSS’s Flexcube.

Misys’ FusionBanking Essence core system live at Yoma Bank

Yoma Bank live with new core banking system, Misys'  FusionBanking Essence

Myanmar-based Yoma Bank has gone live with Misys’ core banking system, FusionBanking Essence. Yoma Bank, one of the country’s largest commercial banks, has been in tech modernisation mode since 2014. In-mid 2014, it issued an RFI for new core banking software, with the financial support from International Finance Corporation (IFC; a subsidiary of the World […]

World first as blockchain used in Myanmar microfinance space

Yoichiro Hirano, president and CEO of Infoteria

Japan-based software development firm Infoteria says it has “successfully” used blockchain for microfinance transactions in Myanmar – the “first time in the world”. The test was carried out on the computer system of Yangon-based BC Finance, Myanmar’s largest microfinance company. Infoteria says the data in question comprises spreadsheet software rather than specialty systems; and transactions […]

Myanmar Oriental Bank in banking software revamp

Myanmar is busy with banking tech projects

Myanmar Oriental Bank (MOB Bank) is looking to modernise its core banking software. Banking Technology understands that the new system of choice is Temenos’ T24. Temenos provided a “no comment” response. MOB Bank was set up in 1993 and is privately owned. It has 26 branches and offers savings, remittances and SME financing. The bank […]

Myanmar: latest IT tenders, implementations and go-lives

Myanmar is busy with banking tech projects

KBZ Stirling Coleman (KBZSC) and AYA Trust go live with TCS Bancs, and Bank for Investment and Development of Vietnam (BIDV) looks for a hardware provider for its new subsidiary in Myanmar. KBZSC and AYA Trust TCS Financial Solutions has completed the deployment of its TCS Bancs system to support securities trading and settlement at […]

Infosys’ Finacle core banking system gains first taker in Myanmar

Myanmar's AGD Bank is rolling out Infosys' Finacle core banking system

Asia Green Development (AGD) Bank, one of the first commercially owned banks in Myanmar, is automating its ops with Infosys’ Finacle core banking system. This is Infosys’ first core banking system client in Myanmar. The system will support all main operations of the bank, front-to-back office, including online and mobile banking. Finacle will oust a […]

Yoma Bank Myanmar revamps core banking system

Yomo Bank will use Misys Fusion

Myanmar’s Yoma Bank is to install a new core banking system provided by vendor Misys, as part of a major transformation project at the privately-owned bank. Yoma especially wanted to be in a position to benefit from the growth of mobile technology in the country.

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