Driving Financial Inclusion in the African WAEMU Region with Temenos’ cloud technology
Orange Bank Africa’s launch in the West African Economic and Monetary Union (WAEMU) region aims at supporting financial inclusion, while capitalizing on digital capabilities and increasing penetration of mobile tech. Orange Bank Africa is fully equipped to achieve reduced IT costs and operational complexity, as well as an improved cost/income ratio.The bank has developed a mobile-first banking strategy to deliver financial services to consumers’ phones supported by Temenos Transact delivered as SaaS, and its cloud native technology, which is hosted on Microsoft Azure.
“Temenos’ cutting-edge cloud technology, relentless focus on innovation and unrivalled regional experience makes it the perfect partner for Orange Bank Africa as we launch our operations. Temenos Transact gives us the scalability we need to grow and provide vital financial services to millions of customers.”Patrick Roussel, Vice President, MEA Mobile Financial Services at Orange
Meanwhile, the Temenos Banking Cloud enables the bank to aim for sustainable, long-term growth and allows them to scale to meet the surge in digital banking adoption in Africa. Temenos’ Model Bank approach provided highly localized, pre-configured banking functionality so the new software could be deployed quickly, without the need for customization.