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.
To continue its rapid rise, Bank Albilad wanted to create products that make it simple for users to manage their accounts, and turned to Temenos for expert support after hearing how rapidly it could implement advanced functionality.
To enable the rapid product and service innovation that will attract new accounts from the younger generation and the unbanked population, Bank of Kigali will deploy Temenos Transact and Temenos Payments. These solutions will streamline and automate the bank’s processes and offer next-generation core banking capabilities, including advanced analytics, reporting, risk and compliance.
To answer the needs of its customers for the most innovative investment services, UFS will work with its long-term partner Temenos to implement Temenos Transact, Temenos Infinity, and Temenos Financial Crime Mitigation running on the Temenos Cloud.
Core Banking, Corporate Banking, Digital Front Office, Financial Crime Mitigation, Regulatory Compliance
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