Allied Irish Banks (AIB) is the Ireland’s largest bank and is critical to the growth of the country. The bank offers retail, business and corporate banking and aims to deliver a more resilient platform to provide much richer lending capabilities in a more digital fashion to its customers. This is why AIB defined a core strategy to tackle its core modernization.

The bank decided to replace its complex, slow, and costly legacy core banking applications with Temenos Core banking platform. The goal of the program is to consolidate multiple legacy core banking systems onto one market-leading platform surrounded by an API-driven architecture.

AIB chose Temenos because of the referenceability of its core banking in the marketplace, the functionality, and the very rich and very flexible product capability that would work to bridge any gaps. The first phase of the 4 years modernization project is related to the business and corporate accounting and the release one – Bilateral loans went live within 12 months. In 2022 the bank’s main focus is SME lending and delivering a very rich digital product to its customers. In the coming two years, AIB will be more involved in corporate syndication to deliver rich financial capabilities to its customers with the support of Temenos.

“For us culture, and basically making sure a program’s purpose resonates with all the people involved, I would call out as really critically refreshing in our experience with Temenos. The culture of the team that Temenos has, working with us, is impressive.”

Pat O’Sullivan, CIO Business Platforms at AIB