Family Bank has recently implemented an Oracle FLEXCUBE core banking system running on IBM hardware and the IBM AIX operating system.

FORBES: IBM Helps Sweeten Earnings for Kenyan Sugar Cane Cutters

The core issue is that the Cyprian banking system, in fact the whole Eurozone banking system was and is an accident waiting to happen.

FORBES: Cyprus, Anything But Unique and Why to Worry

Banks and voters in core countries (let alone Britain, whose position in a more integrated European banking system is very muddy) would be reluctant to insure peripheral deposits.

ECONOMIST: Preventing a big European bank run