BNI Madagascar chooses the Amplitude solution from Sopra Banking Software

Dec 17, 2015

Paris, 17 December 2015 – Sopra Banking Software underpins BNI MADAGASCAR in transforming its information systems. Madagascar’s second-largest bank has decided to replace its existing core banking system with the Sopra Banking Amplitude system.

With over 45 branches in 24 locations on the island and 800 employees, BNI MADAGASCAR is a major player in the country’s economy. The representatives of the consortium that currently owns the bank (formerly Groupe Crédit Agricole) are looking to make BNI MADAGASCAR into an innovative bank that can take its rightful place as the largest bank in Madagascar.

One of BNI MADAGASCAR’s main challenges is to modernise its information systems to meet its aims of development and innovation in banking services. After a detailed selection process, the Malagasy bank decided to undertake this important project with Sopra Banking Software, a trusted partner of over 600 banks in 70 countries.

On 25 November in Antananarivo, Mr. François Hoffman, Managing Director of BNI MADAGASCAR, signed this agreement, marking the start of a strong partnership between the two companies: “We have chosen a market-leading solution and a software publisher with over 40 years’ experience to allow us to complete this important transformation”.

The initial phase of the project for migrating to Amplitude is currently under way in Antananarivo. Having integrated banking production features and multi-channel distribution into a digital environment and covered a wide range of services, Amplitude demonstrates why it is the gold standard in Core Banking-integrated solutions.

BNI MADAGASCAR will soon be the fourth bank in Madagascar to use Amplitude. Sopra Banking Software, currently the leader in Francophone Africa, is reaffirming its growth strategy on the continent.

BNI MADAGASCAR is a leading player in Madagascar’s banking sector. It is a limited company with a capital of MGA 10.8 billion (around 3.6 million euros). BNI MADAGASCAR stopped being a subsidiary of Crédit Agricole on 6 June 2014. The French group sold its shares (51%) to the IOFHL (Indian Ocean Financial Holdings Limited) consortium, composed of Groupe CIEL (Mauritius) and Groupe Hiridjee (Madagascar), who became joint shareholders with the Malagasy state (31.58%) in BNI MADAGASCAR’s capital. BNI Madagascar has a network of 45 branches, with half located in Antananarivo and the other half located in other major cities in Madagascar. This network serves over 120,000 customers (businesses, organisations, professionals and individuals). BNI Madagascar offers its customers monetary services and products that leverage a fleet of 65 ATM machines installed throughout the country. The bank also offers its services remotely via internet and telephone. The organisation employs over 800 people.

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