Member of Abu Dhabi Commercial Bank Group, the third-largest financial institution in the UAE, ADCB Egypt will be offering next-generation digital payments in collaboration with Temenos open platform for composable banking. ADCB Egypt will implement Temenos Payments to adopt new global standards such as ISO 20022 and SWIFT GPI and power new payment offerings, including instant and cross-border payments, for its retail and business customers. In addition, ADCB Egypt will compose digital banking solutions with the latest core banking capabilities to streamline and automate its treasury management lifecycle.
“ADCB Egypt is always keen upon embracing the latest technologies and partnering with the best service providers. This new step of our existing collaboration with Temenos will empower the bank’s internal systems as the new instant payments solutions. The technological upgrades will always keep us ahead in offering our customers the best-in-class service quality and comply with regulatory directives. This is also in line with our digital transformation strategy and commitment to being at the forefront of innovation that differentiates our service, delights customers, and meets their growing needs.”Ihab ElSewerky, Managing Director & CEO, ADCB-Egypt