Given Bank of Shanghai's legacy applications were siloed by a line of business, retail and corporate, this provided the opportunity to move each line of business to the new Temenos Transact system independently of one another.
NCBA went live in 5 months because they were able to launch so quickly, they massively exceeded their business case targets. In the first 3 weeks, they onboarded more than 850,000 customers, and processed over 5 million transactions.
Pre-configured UK Model Bank functionality will help AlbaCo to meet its regulatory compliance goals, while the cloud deployment using Temenos SaaS will keep costs low and contribute to a fast return on investment.
Challenger Banks, Cloud & SaaS, Core Banking, Digital Front Office, Payments, Small Business Banking
With Temenos Transact and Temenos Infinity, BFS expects to dramatically accelerate customer onboarding, cut loan application and origination times, speed time-to-market for new products and services, and reduce total cost of ownership.
Challenger Banks, Cloud & SaaS, Core Banking, Digital Front Office, Financial Inclusion, Retail Banking
Digital innovation has enabled Finaro (previously Credorax) to transform from a start-up company into a leading international acquiring and payment services provider. Founded in Israel in 2007, the company set…