Kindle Banking Systems: Difference between revisions
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'''Kindle Banking Systems''' was a banking solutions company that originated from a bespoke banking systems project in 1979 for the Irish merchant bank [[Ansbacher Bank]]. Its main product was a modular banking system |
'''Kindle Banking Systems''' was a [[banking software|banking solutions]] company that originated from a bespoke banking systems project in 1979 for the Irish merchant bank [[Ansbacher Bank]]. Its main product was a modular banking system known as '''Bankmaster'''.<ref>{{cite news |title=Kindle upgrades Bankmaster package |url=https://www.finextra.com/newsarticle/100/kindle-upgrades-bankmaster-package |accessdate=9 September 2020 |work=Finextra Research |date=29 June 2000 |language=en}}</ref> The system originally ran on the [[International Computers Limited|ICL]] hardware platform ― the relationship with the UK-based computer manufacturer facilitated Kindle establishing a significant customer base in [[Asia]] and [[Africa]].<ref>{{cite web |url=http://www.ibsintelligence.com/index.php?option=com_content&view=article&id=14926:table-of-contents-retail-banking-systems-market-report-2009-2010-edition-6&catid=65:publication-extract&Itemid=2 |title=IBS Publications Retail Banking Systems Market Report, 2010 |publisher=IBS Intelligence |year=2010}} {{dead link|date=January 2012}}</ref> |
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Kindle is regarded as a company of note, as it was the first high-tech Irish company which achieved the status of world leader in its field. |
Kindle is regarded as a company of note, as it was the first high-tech Irish company which achieved the status of world leader in its field.<ref>{{cite web |url=https://docs.google.com/fileview?id=0B9b4rVKQOryENGM1ZWIyZTYtMWFjZS00NTJkLTk4YTYtYjEzY2E3NzhkZTUx&hl=en |title=Impact of the Internet on Selected Relationships Between International Banking Systems Solution Providers and Retail Financial Institutions, 1996-2001 |author=Stephen Walsh |date=April 3, 2002 |publisher=University of Limerick }}</ref> |
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==History== |
==History== |
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{{more citations needed section|date=November 2016}} |
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Kindle's main product Bankmaster, was a modular System25 Assembler-based banking system and started development in 1979 as a bespoke banking systems project in the Irish merchant bank [[Ansbacher Bank]]. |
Kindle's main product Bankmaster, was a modular System25 Assembler-based banking system and started development in 1979 as a bespoke banking systems project in the Irish merchant bank [[Ansbacher Bank]]. |
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The |
The company was originally called MA Systems, then Triple A Systems before finally settling on Kindle Banking Systems. The driving force behind the design and development of Bankmaster was Cian Kinsella. Led by MD and founder Tony Kilduff, the company had an impressive sales record developing many lasting customer relationships in the [[United Kingdom|UK]], Africa, [[India]], Asia and [[Latin America]]. |
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By 1987, according to the RBS Market Report, there were 170 sites operating Bankmaster worldwide. [[Standard Chartered Bank]] was the largest user of Bankmaster |
By 1987, according to the RBS Market Report, there were 170 sites operating Bankmaster worldwide. [[Standard Chartered Bank]] was the largest user of Bankmaster ― the company formed a spin-off joint venture with Kindle specifically to support its own deployments. [[State Bank of India]] deployed the branch platform, Branchpower to 2000 branches throughout India. The system allowed branches to operate in an off-line mode ― this made it popular with retail banks in countries where the communications infrastructure was poor. The Bank of England and eight other [[central banks]] (mainly in Africa) used the treasury modules of Bankmaster. |
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In 1991, Kindle was acquired by a rival company; ACT, and was renamed as ACT Kindle. ACT was subsequently acquired by [[Misys]] in 1995 - the Kindle brand was retained until 2001 at which point it was subsumed into the Misys branding. During the later part of the 1990s sales of Bankmaster declined |
In 1991, Kindle was acquired by a rival company; ACT, and was renamed as ACT Kindle.{{citation needed|date=September 2020}} ACT was subsequently acquired by [[Misys]] in 1995<ref>{{cite news |last1=Canniffe |first1=Mary |title=Software firm pays £13m to UK parent |url=https://www.irishtimes.com/business/software-firm-pays-13m-to-uk-parent-1.87268 |accessdate=9 September 2020 |work=The Irish Times |date=18 September 1996 |language=en}}</ref> ― the Kindle brand was retained until 2001 at which point it was subsumed into the Misys branding. During the later part of the 1990s, sales of Bankmaster declined ― whilst the Bankmaster solution set was considered to be functionally rich, the core technology had been allowed to become obsolete. |
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Between 1994 and 2000 the company made a significant investment in developing a new generation retail banking system, called Bankmaster-RS. It was developed in cooperation with the Colombian bank Coomeva. Bankmaster-RS struggled to deliver the planned functionality and was never as widely adopted as its predecessor. |
Between 1994 and 2000, the company made a significant investment in developing a new generation retail banking system, called Bankmaster-RS. It was developed in cooperation with the Colombian bank Coomeva. Bankmaster-RS struggled to deliver the planned functionality and was never as widely adopted as its predecessor. |
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==References== |
==References== |
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{{Reflist}} |
{{Reflist}} |
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==External links== |
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* Kindle Banking Systems Alumni Group on Linkedin [http://www.linkedin.com/groups?mostPopular=&gid=2229335] |
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[[Category:Financial software companies]] |
[[Category:Financial software companies]] |
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[[Category:Banking software companies]] |
[[Category:Banking software companies]] |
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[[Category:Defunct companies of the Republic of Ireland]] |
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[[Category:Companies of the Republic of Ireland]] |
[[Category:Companies of the Republic of Ireland]] |
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Latest revision as of 23:21, 22 October 2022
Kindle Banking Systems was a banking solutions company that originated from a bespoke banking systems project in 1979 for the Irish merchant bank Ansbacher Bank. Its main product was a modular banking system known as Bankmaster.[1] The system originally ran on the ICL hardware platform ― the relationship with the UK-based computer manufacturer facilitated Kindle establishing a significant customer base in Asia and Africa.[2]
Kindle is regarded as a company of note, as it was the first high-tech Irish company which achieved the status of world leader in its field.[3]
History
[edit] | This section needs additional citations for verification. (November 2016) |
Kindle's main product Bankmaster, was a modular System25 Assembler-based banking system and started development in 1979 as a bespoke banking systems project in the Irish merchant bank Ansbacher Bank.
The company was originally called MA Systems, then Triple A Systems before finally settling on Kindle Banking Systems. The driving force behind the design and development of Bankmaster was Cian Kinsella. Led by MD and founder Tony Kilduff, the company had an impressive sales record developing many lasting customer relationships in the UK, Africa, India, Asia and Latin America.
By 1987, according to the RBS Market Report, there were 170 sites operating Bankmaster worldwide. Standard Chartered Bank was the largest user of Bankmaster ― the company formed a spin-off joint venture with Kindle specifically to support its own deployments. State Bank of India deployed the branch platform, Branchpower to 2000 branches throughout India. The system allowed branches to operate in an off-line mode ― this made it popular with retail banks in countries where the communications infrastructure was poor. The Bank of England and eight other central banks (mainly in Africa) used the treasury modules of Bankmaster.
In 1991, Kindle was acquired by a rival company; ACT, and was renamed as ACT Kindle.[citation needed] ACT was subsequently acquired by Misys in 1995[4] ― the Kindle brand was retained until 2001 at which point it was subsumed into the Misys branding. During the later part of the 1990s, sales of Bankmaster declined ― whilst the Bankmaster solution set was considered to be functionally rich, the core technology had been allowed to become obsolete.
Between 1994 and 2000, the company made a significant investment in developing a new generation retail banking system, called Bankmaster-RS. It was developed in cooperation with the Colombian bank Coomeva. Bankmaster-RS struggled to deliver the planned functionality and was never as widely adopted as its predecessor.
References
[edit]- ^ "Kindle upgrades Bankmaster package". Finextra Research. 29 June 2000. Retrieved 9 September 2020.
- ^ "IBS Publications Retail Banking Systems Market Report, 2010". IBS Intelligence. 2010. [dead link]
- ^ Stephen Walsh (3 April 2002). "Impact of the Internet on Selected Relationships Between International Banking Systems Solution Providers and Retail Financial Institutions, 1996-2001". University of Limerick.
- ^ Canniffe, Mary (18 September 1996). "Software firm pays £13m to UK parent". The Irish Times. Retrieved 9 September 2020.