Established in 2007, Al Khaliji Bank has enjoyed a meteoric rise to become one of Qatar’s leading financial institutions, but such rapid progress has led to complex, inefficient processes and rising costs. Looking to consolidate its fragmented systems and maintain growth, the bank upgraded to the Temenos T24 Transact platform. With the integrated Temenos solution, Al Khaliji has standardised banking processes, cut IT costs from 32% of total operating cost to just 18%, and created a stable platform for future growth.
“The implementation of the integrated Temenos solution in such a short timeframe was made possible by extremely efficient project planning and execution, impeccable professionalism and the fact that 85% of our requirements were met out-of-the-box. With Temenos T24 Transact, we now have a modern platform that integrates with any external system and has the flexibility and scalability to grow with us.”Fahad Al Khalifa, Group CEO