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.
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 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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