Success Stories

Alawwal Bank

Doubles in size with all-new core banking solutions

Riyadh, Saudi Arabia

Alawwal Bank aims to lead the financial market in Saudi Arabia with first-rate customer services across digital and traditional channels. To cement its reputation for innovation, the bank implemented the Temenos Transact platform, enabling it to develop new offerings rapidly and cost-effectively – and meet local and international regulations. With Temenos underpinning its operations, Alawwal Bank has almost doubled in size with new branches and customers, ensuring it maintains its position as a key player in the Saudi market.

”For a financial institution when they are considering a core banking platform, I think Temenos Transact is a very important option that they have to keep on the table when the selection is done. It has lots of features. Flexibility is always there and basically the success of Temenos in terms of expansion, client base, growth etc. is very evident.”

Majed Al-Ghanemi, COO