CB Bank Goes Live in Two Months With Temenos Connect Internet Banking

Press Releases, December 2, 2014

Temenos – Company

GENEVA, Switzerland – 2 December 2014 – Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces that customer CB Bank has launched its internet banking service, becoming the first bank in Myanmar to offer complete mobile and internet services, enabled by the successful implementation of Temenos Connect Internet Banking (TCIB).

CB Bank is the third largest privately-owned bank in Myanmar, with 103 branches. iBanking, its internet platform, is responsive to multiple devices, enabling CB Bank to provide its customers with anywhere, anytime secure banking services, accessible by whatever device the customer chooses, for example, desktop, tablet, mobile, or smartTV. iBanking is also available in both English and Burmese, illustrating TCIB’s ability to deliver multi-lingual solutions.

Fully integrated to CB Bank’s core banking platform, Temenos Transact, TCIB is also integrated to the bank’s third-party, security authentication solution, providing two-factor authentication, and demonstrating TCIB’s customisation flexibility and open integration capabilities.

Dharmesh Mistry, UXP Product Director at Temenos, said:

“We are delighted that CB Bank has gone live with its multi-lingual, multi-device banking service, iBanking, with the successful implementation of Temenos Connect Internet Banking. This multi-channel strategy provides CB Bank with a very simple, fast and secure interface that will enable it to achieve its ambitions of providing all citizens of Myanmar with easy access to banking services, and enable the previously unbanked to access basic financial services. This was achieved by working very closely with both the business and IT stakeholders within CB Bank using our Early Visualisation Approach, a methodology enabling CB Bank to quickly visualise a solution that met their specific requirements.”

Mr. Kyaw Lynn, CEO at CB Bank, commented:

“We are very pleased that Temenos has completed the successful implementation of its internet banking solution at CB Bank, in such a short time. Our new internet banking solution will enable all people in our county to manage their finances conveniently and securely. It can be used on all electronic devices, such as PC, mobile, laptop, tablet and smartTV, providing maximum choice and convenience to our customers and ensuring that it provides access to the greatest number of people possible.”