Luanda, x,
Angola
Banco Económico Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by Banco Económico and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 1500 Banco Económico employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Banco Económico has purchased the following applications: Oracle Flexcube for Core Banking in 2018, ProcessMaker BPM for Process Mining in 2011, Cisco Webex Meetings for Audio Video and Web Conferencing in 2020 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Banco Económico is running and its propensity to invest more and deepen its relationship with Oracle , ProcessMaker , Cisco Systems or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Banco Económico revenues, which have grown to $95.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Banco Económico intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle Flexcube | Core Banking | ERP Services and Operations | n/a | 2018 | 2018 |
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Analytics and BI
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| ProcessMaker | Legacy | ProcessMaker BPM | Process Mining | Analytics and BI | n/a | 2011 | 2011 |
In 2011, Banco Económico implemented ProcessMaker BPM as a Process Mining solution to automate and instrument its end to end credit and loan workflows. Banco Económico retained ProcessMaker professional services to model the bank’s credit process and to execute a jointly authored Statement of Work covering application intake through disbursement, ensuring the project timeline and scope were defined by bank stakeholders and ProcessMaker consultants.
The ProcessMaker BPM deployment delivered modeled flows for application, review and approval, registration, and disbursement, and included electronic forms for credit applications designed to match the bank’s existing paper forms to preserve regulatory compliance. ProcessMaker BPM was configured to generate role based tasks, automated routing for approvals, and the report and alert capabilities used during startup to surface status and exception conditions to operational users.
Integration work included a secure web services connection between ProcessMaker and the bank’s back end system, referred to in project documentation as the SFI and also described as the bank’s Integrated Financial System IFS, using the ProcessMaker Web Services API. This integration enabled two way exchange of customer and transaction data so information obtained and generated in ProcessMaker BPM is recorded in the IFS, and data from the IFS is dynamically consumed within the automated credit workflows, operating transparently to users.
Governance and rollout were structured around the SOW, with a hybrid implementation team composed of ProcessMaker and Banco Económico professionals, and with the bank’s legal team validating contract printing and presentation formats. ProcessMaker also developed numerous operational reports that were critical in the startup phase, and the automated process included automatic alerts for delays or special conditions to support operational oversight.
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Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Cisco Systems | Legacy | Cisco Webex Meetings | Audio Video and Web Conferencing | Collaboration | n/a | 2020 | 2020 |
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Collaboration | Collaboration |
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2020 | 2020 |
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Content Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
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Web Content Management | Content Management |
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2020 | 2020 |
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CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Marketing Automation | CRM |
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2017 | 2017 |
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ITSM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
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|
|
Application Performance Management | ITSM |
|
2020 | 2020 |
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
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Application Hosting and Computing Services | IaaS |
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2016 | 2016 |
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Application Hosting and Computing Services | IaaS |
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2017 | 2017 |
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Application Hosting and Computing Services | IaaS |
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2019 | 2019 |
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Application Hosting and Computing Services | IaaS |
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2019 | 2019 |
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Application Hosting and Computing Services | IaaS |
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2020 | 2020 |
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Content Delivery Network | IaaS |
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2018 | 2018 |
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Content Delivery Network | IaaS |
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2017 | 2017 |
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CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Web Application Firewalls (WAF) | CyberSecurity |
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2021 | 2021 |
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| Date | Company | Status | Vendor | Product | Category | Market |
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