To provide high-quality, personalised and rapid service to individual and business customers, Federal Bank of Lebanon placed Temenos Transact solutions at the heart of its operations. As well as implementing retail, asset and wealth management modules, the bank deployed Temenos Insight, enabling smarter, more-informed planning. The integrated Temenos solutions automate financial report creation, cut operational costs, and deliver insights to management every morning to aid faster decisions. For the employees previously tied down preparing reports manually, there is now extra time for more value-add tasks.
”Temenos is not only a core banking software solution. It is becoming a full banking solution. You can get the Core banking, the Payment Hubs, Data warehousing. Having all those from the same vendor will minimize the effort of integration. Any upgrade will be easier since you are dealing with one solution from one vendor.”Mahmoud Tarhini, Head of IT Department