Consolidated Bank Ghana

Delivering next-generation digital services to millions of Ghanaians

Accra, Ghana

Formed in 2018, Consolidated Bank Ghana (CBG) aims to foster financial inclusion and deliver simple, satisfying customer experiences. To realize its ambitious growth plans, the bank decided to implement Temenos core banking, migrating its previous disparate core systems onto a single instance of the cloud-native platform. With the Temenos solution in place, CBG has the capabilities it needs to create innovative new offerings for its one million customers and launch easy-to-access digital services that will boost accessibility to financial services in Ghana. The advanced core functionality will also enable the bank to streamline internal processes, reduce operating costs, and scale seamlessly to support its growth plans.

Together with Temenos we can deliver on our vision to become the bank of choice in Ghana, providing a simple, secure and differentiated banking experience to our customers.”

Daniel Addo, Chief Executive Officer at Consolidated Bank Ghana

Region

Middle East & Africa

Solutions

Core Banking

Sector

Business Banking
Corporate & Commercial Banking
Retail Banking

Consolidated Bank Ghana

Delivering next-generation digital services to millions of Ghanaians

Accra, Ghana

Openbank, the digital online bank of the Santander Group, has more than 1 million customers worldwide and is considered Europe’s largest digital bank. To drive domestic and international expansion and to support the group’s digital strategy, Openbank chose Temenos core banking, the next generation in core banking, to help power its operations for retail and SME banking across its global operations. Temenos Wealth Front Office was added and integrated with Temenos core banking to enhance the overall digital customer experience. By adopting Temenos’ packaged and extensible software Openbank will be able to gain a deeper understanding of their customers’ needs and be fastest to market with new personalized products and services at a very low Total Cost of Ownership (TCO).

Temenos software allows the bank to launch products in cycles that are probably 10x faster than before. We are working together with Temenos as partners to transform our business digitally from bottom up.

Spokesperson at the bank

Region

Europe

Solutions

Cloud & SaaS
Core Banking
Financial Crime Mitigation
Payments

Sector

Business Banking
Challenger Banks
Retail Banking
Wealth Management

Consolidated Bank Ghana

Delivering next-generation digital services to millions of Ghanaians

Accra, Ghana

At a Glance

● Increases the speed of cash flows

● Saving a lot of time and heartburn by bringing lots of efficiency to its calling campaigns

● Ability to have instant access to all of its client’s accounts

Johnson Bank’s collection platforms and service of record did not communicate with each other. Because the out-of-the-box solution the bank was using could not be customized, Johnson’s team had to track loss mitigation, foreclosure, and bankruptcy using spreadsheets. With no real-time refresh option, payments would not appear in the collections environment, and the team had to complete eight steps before they could make a phone call. With $4.7 billion in assets, Johnson needed a better solution to serve its customers. Several factors that led to Johnson selecting Temenos were the configurability of the platform, the workflow capabilities, and the number of satisfied Temenos customers who were already using the product. “Many other software vendors were just getting into the workflow process or they just did foreclosure and bankruptcy but not collections,” says Louis Burg, VP of the Consumer Assets Group and Mortgage Quality Assurance at Johnson Bank. “Nobody did everything well.”

The thing that drew us to Temenos was that it was, at its heart, a core collections system, which we desperately needed. And we could configure different workflows to fit our bank’s existing process.”

Louis Burg, VP Consumer Special Assets Group and Mortgage Quality Assurance at Johnson Bank

Creating High-Impact Efficiency

Johnson used the Temenos Collection module to streamline its processes. “Six clicks and it’s to the printer,” says Christine Pfeiffer, who focuses on loss mitigation in Johnson’s Consumer Special Assets Group. “The workflows take my team through the process. We’ve built it so it’s procedural-based. No more need for checklists and no more second-guessing yourself.”

Burg says Johnson was able to create an expected payment model for collections, which the team uses to set up their queues for each day. “The Temenos software allowed us to import that file and use the values in it to set up day queues on an automated basis,” he says. “That saved us a lot of time and heartburn, and it brought a lot of efficiency to our calling campaigns.”

Pfieffer says her team has eliminated all of the pre-call work they used to do, like visiting several spreadsheets or other manually updated documents. “It’s all holistically in one place for us to see,” she says. “The biggest piece is the ability to see every account a client has with us at a glance, right on the screen. You pull them up, and it’s all there. There’s no toggling between accounts or going to another service of record platform to try to find more information. Anybody can go in, pull up a customer, and it’s all right there. That has been a huge asset.”

Another added benefit is that a backup employee who isn’t familiar with the process can jump in at any point in time. Pfieffer says it has been a phenomenal tool for cross-training and keeping her team in sync with each other.

Burg says the efficiency of the system has enabled Johnson’s team to touch customers earlier in the default cycle, which has enabled the bank to increase the speed of cash flows. “It’s helped us prioritize our accounts for calling,” Pfieffer says.

We have a greater impact on touching the accounts that we need to reach exactly when we need to reach them. The real-time refresh moves things quicker, so we’re not making a call unnecessarily because we just got the payment an hour ago.”

Christine Pfeiffer, VP Consumer SAG, MTG Servicing, Investor Accounting Manager at Johnson Bank

Pfieffer says the Temenos collection even made a recent Freddie Mac audit easier. “I was able to take them through the processes in Temenos,” she says. “It’s built in a way where it’s just all laid out right there for them. So the audit went phenomenally—Freddie Mac loved it!”

Smooth Implementation

Burg says the Temenos Collection was the easiest implementation Johnson Bank has ever had. Burg attributes this success to the Temenos support and implementation teams. “They were really good resources, and they were dedicated to helping us succeed,” Burg says.

For a new system coming in house, it went so smoothly. We kept finding things right with the software instead of things wrong with it. Temenos’ support and implementation teams were dedicated to helping us succeed. It wasn’t just a job for them. It was passion. We really knocked it out of the park when it came to this implementation.”

Louis Burg, VP Consumer Special Assets Group and Mortgage Quality Assurance at Johnson Bank

Region

North America

Solutions

Collections
Digital Front Office

Sector

Retail Banking

Consolidated Bank Ghana

Delivering next-generation digital services to millions of Ghanaians

Accra, Ghana

Canandaigua National Bank and Trust Company, headquartered in Canandaigua, New York needed to switch to an automated collection software that would create more efficiency but still be user-friendly. With $2.09 billion in assets and more than 208,000 account holders, they were looking for a system that had an easy learning curve and already contained many components, such as reports, views, and more.

Process Improvements

Canandaigua National Bank and Trust Company chose Temenos digital banking Collection to drive success at their 27 branches and bring their motto “We live, work, and play here” to life while contributing to their small community feel. The collection module was able to provide Canandaigua National Bank and Trust with improved efficiency and ease of learning while remaining very user-friendly. It was able to fit Canandaigua’s needs with built-in components such as reports, views, dashboards, and more, all of which they required in their search for a new system.

Endless reports can be created for upper management, and different information can be pulled together that would otherwise take time to create manually.”

Ann Lyon, Resource Recovery Supervisor at Canandaigua National Bank and Trust

Quality Results

By implementing Temenos digital banking, Canandaigua National Bank and Trust noticed an increase in efficiency and were able to utilize better tracking mechanisms. With this, they also noticed improved management capabilities due to the reports that were now available to them. Canandaigua is now able to penetrate a larger number of customers per day because of their switch to Temenos.

Ann Lyon recommends that other financial institutions switch to Temenos if they plan to grow. By implementing an automated system, they are setting themselves up for success by preparing for future growth. She has seen that the system does many previously manual processes automatically, which in turn has increased efficiency. There are also features within the Collection module, such as notes, that can be entered into the workflow process so that if you hire new employees, the system will virtually walk them through what they need to do.

Region

North America

Solutions

Collections
Digital Front Office

Sector

Retail Banking

Consolidated Bank Ghana

Delivering next-generation digital services to millions of Ghanaians

Accra, Ghana

At a Glance

● Improve data accuracy by 25% and lift staff productivity by eliminating manual workflows

● Increases customer volume by more than 11%, from 15,000 to 17,000

● 25% growth in daily transaction volumes

Seychelles Credit Union (SCU) stands apart as the only member-owned savings and credit cooperative that operates in Seychelles. While local commercial banks focus on developing an extensive range of retail and corporate services, SCU prioritizes people above profits, aiming to promote financial literacy and prosperity among citizens with highly competitive loans and savings products.

Recent years have seen big changes in the local market: new legal and regulatory frameworks and the emergence of a younger generation eager to consume banking services via digital channels have created new pressures and opportunities for banks in Seychelles. Keen to stay ahead of the curve, SCU considered how it could continue to deliver a high-quality experience that not only meets but exceeds the expectations of its members.

The introduction of new regulations by the Central Bank of Seychelles spurred SCU into action. To comply with the new rules, the credit union would require a comprehensive refresh of its core banking systems. But SCU also spotted the chance to turn this do-or-die moment to its advantage and aimed to seize the opportunity to transform many of its legacy processes. To execute the plan, it looked for a strategic partner.

Looming Deadlines

In 2016, the Central Bank of Seychelles issued a directive that required all banks and credit unions to integrate with the new national payments platform, the Seychelles Electronic Funds Transfer (SEFT) system. SCU quickly realized that it would be very difficult to integrate its existing core banking solutions with the platform supporting the new electronic funds transfer system.

A spokesperson at the bank, explains: “This was a huge moment for us. We faced an ultimatum from the Central Bank that meant we had to bring our systems into line with SEFT by a specific deadline. We took decisive action and targeted a root-and-branch replacement of our core systems with a modern, agile core platform that would deliver regulatory compliance.”

Embracing a New Digital Era

In addition, SCU wanted to deploy a solution that would accelerate many internal workflows, replacing time-consuming manual work with fully digital operations. The previous core banking system also lacked key functionality, including ATM compatibility, and comprehensive governance structures such as audit trails. With the new platform, SCU looked to implement enhanced access controls and international best practices.

A spokesperson at the bank continues: “We saw this as the perfect moment to bring SCU into the digital age. Although we still have many consumers keen to use cash deposits, the younger generation is looking to manage their money via mobile or online. As we kicked off the search for a new core platform, we wanted to find advanced digital functionality that would solve our operational issues and help us to serve different customer segments.”

Finding Just the Right Fit

Following an extensive intelligence-gathering exercise, SCU selected Temenos Inclusive Banking Suite as its new core platform. The solution provides SCU with access to the Temenos core banking solution in a configuration specifically designed for credit unions and microfinance institutions rather than large-scale commercial banks.

During the research process, SCU consulted with a local bank in Seychelles that utilizes Temenos core banking, as well as the CEOs of several other financial institutions that rely on Temenos core banking tools. The credit union also approached the service provider responsible for hosting SEFT for the Central Bank of Seychelles to check on the level of integration between Temenos and the electronic payments system.

All of the feedback about Temenos that we received was excellent. The service provider confirmed in writing that Temenos core banking was the best fit to integrate with SEFT, while the CEOs assured us that their deployments had been quick and simple. Combined with our own research and assurances from Temenos about the digital functionality they could provide, it was clear we were on the right track.”

Spokesperson at the bank

Implementing in Record Time

In the final stage of the decision process, SCU was concerned that such a large-scale transformation project could not be completed within the deadlines stipulated by the Central Bank. Temenos and a business partner pulled out all the stops to ensure a rapid implementation, and managed to complete the data migration and integration with the national payments system within just 90 days.

A spokesperson at the bank elaborates: “The implementation was a huge success, and we later learned this was the fastest deployment that Temenos has ever achieved for the core banking platform. Even when we requested modifications to some of the modules, Temenos was ready to help. Throughout the process, they were checking in on our progress and making sure everything was going according to our schedule.”

The implementation was a huge success, and we later learned this was the fastest deployment that Temenos has ever achieved for the core banking platform. Even when we requested modifications to some of the modules, Temenos were ready to help. Throughout the process, they were checking in on our progress and making sure everything was going according to our schedule.”

Spokesperson at the bank

Unleashing New Efficiencies

With the Temenos platform in place, SCU achieved its regulatory compliance goals and established more robust governance structures. The solution enables the credit union to implement stricter access controls on who can enter and manipulate data and transaction records. And by replacing manual steps with straight-through-processing and digitalized workflows, SCU accelerated many key operational processes.

For example, SCU automated the production of daily performance reports, which would previously take many hours to create manually using Excel spreadsheets and copying and pasting data between applications. The credit union can now gain deeper insights and track key performance indicators such as daily income statements at a more granular level.

With the Temenos platform, we have daily reports ready much faster, and we can dig down to analyse our performance by region, demographic groups, and individual products. Our teams can take that data and identify clients or customer groups who could be interested in supplementary services, or spot areas where we need to refine our value proposition.”

Spokesperson at the bank

Getting Data Right the First Time

Replacing manual workflows has also helped SCU to significantly improve data accuracy. Previously, when staff had to enter data into the core systems by hand, there was a high risk of error, leading SCU to dedicate extra resources to double-checking transaction records. Now, the credit union’s audit department estimate data accuracy has improved by 25 percent, freeing staff who were formerly tied up with lower-value work.

A spokesperson at the bank adds: “Since implementing the Temenos platform, our IT costs have significantly decreased as a proportion of our incomes. With our previous core banking systems, we were locked into an agreement that forced us to purchase licenses per workstation rather than per user. Temenos offers a much greater degree of flexibility in our licensing agreements, which better suits the way that we work.”

Building on Customer Appeal

Using the Temenos solution, SCU increased the number of transactions it can handle each day by 25 percent, without having to increase staff numbers. The high level of automation and straight-through-processing provided by the platform means SCU can process requests for transfers and withdrawals much faster, ensuring that customers receive a superior experience when managing their money.

The enhanced service that we can now offer has helped us to attract many new customers. In 2017, when we implemented the Temenos solution, we had around 15,000 customers. Today we have grown to serve around 17,000—a rise of more than 11 percent, which we can accommodate easily thanks to the speed and scalability of the Temenos platform.”

Spokesperson at the bank

Reaching New Customer Groups

SCU is continuously looking to optimize its core banking environment and is currently upgrading its R14 of Temenos core banking to the latest R18 iteration. Alongside this, the credit union is exploring the potential of Temenos digital banking to provide online and mobile banking, which could help it sharpen its competitive edge by capturing business from among the millennial customer bracket.

A spokesperson at the bank concludes: “Working with Temenos has been exceptional—in fact, our experience with them stands as one of the best we have had with any of our strategic partners or vendors. Temenos understood our problem, provided a solution, helped us deploy in rapid time, and have gone above and beyond what we normally expect and receive from vendors. We look forward to taking the next steps of our journey with them.”

Region

Middle East & Africa

Solutions

Core Banking
Digital Front Office

Sector

Credit Unions & Community Banking
Retail Banking

Consolidated Bank Ghana

Delivering next-generation digital services to millions of Ghanaians

Accra, Ghana

At A Glance

Smartphone penetration in Saudi Arabia stands at 88%, almost double the global average
Ability to launch new locations in just 4 to 6 months with the Temenos solution
‘Best Islamic Bank in Saudi Arabia’ in 2014

How can it continue to set the standard for high-quality service with so many nimble new players entering the market? For Al Rajhi Bank, it is a case of continuing to observe its time-honored formula of combining innovation with deep-rooted Islamic values and Sharia-compliant practices.

Since its foundation in 1957, these principles have helped the Saudi Arabian market leader to build combined assets of $90 billion and a customer base of 18 million. Along the way, Al Rajhi Bank has earned international recognition from prestigious publications such as The Asian Banker, as well as being named ‘Best Islamic Bank in Saudi Arabia’ in 2014 by Euromoney.

In early 2018, Al Rajhi Bank began investigating breakthrough technologies like Blockchain and was poised to introduce fingerprint identification and electronic signatures. But it also came to realize that it faced a similar challenge to many banks around the world: aging core infrastructure that threatened to restrict future product innovation.

Overcoming Limitations

In the Saudi banking sector, time to market has traditionally been a major differentiator between the leading operators and those lower down the ranks. To develop, launch and manage its offerings, Al Rajhi Bank relied on legacy systems that had been in place since 1998. While well-suited for the marketplace of that time, the bank realized that continuing with this strategy threatened to limit agility.

A spokesperson at the bank, explains: “We operate in a crowded market, where many banks offer similar services and look to seize first-mover advantage to get ahead. With our legacy systems, we had to perform increasing amounts of time-consuming development work to bring new services to market or adapt to changing regulations, increasing our risk of falling behind.”

Embracing the Digital Revolution

Customer preferences have changed dramatically in recent times in the Middle East, with a steep increase in the uptake of digital banking. Research firm McKinsey discovered that 80% of consumers in Saudi Arabia and the United Arab Emirates prefer to bank online, and half would happily open an account with a digital-only bank. Smartphone penetration in Saudi Arabia also stands at 88%, almost double the global average.

Small digital-only banks and fintechs are already entering the Saudi market with next-generation services, determined to win customers. For established players, the pressure is on to provide engaging digital services to protect hard-won market share. Al Rajhi Bank developed a successful digital presence but wanted to continue evolving its online and mobile services.

A spokesperson at the bank adds: “The majority of our customer transactions are now completed through our digital channels. This makes it vitally important that we continue to enhance the user experience and deliver more innovative, intuitive products. Trying to achieve this by adapting and re-configuring our legacy systems was leading to unsustainable levels of complexity.”

Identifying a Vendor with Strong Islamic Credentials

To continue to thrive in this new banking landscape, Al Rajhi Bank launched a project to transform its core banking platform, issuing a request for proposals to leading international software vendors in mid-2018. After narrowing the search down to a shortlist of four candidates, the bank decided to deploy Temenos Islamic Banking, which provides Sharia-compliant core and digital banking features.

Of all solutions we considered, Temenos offered the most comprehensive set of Islamic finance capabilities. We also noticed that many other leading banks in Saudi Arabia, Egypt and the United Arab Emirates run Temenos, which gave us a great confidence that Temenos Could support us with expert resources in our region.”

Spokesperson at the bank

Accelerating Product Development

Working with Temenos, Al Rajhi Bank kicked off the first phase of the implementation process in January 2019. When the platform is fully deployed, the bank will benefit from increased automation, an agile development framework that enables it to bring products to market faster than ever, and the ability to enhance its digital services and respond to changing customer requirements.

We’re excited about uncovering the full value of the Temenos solutions. One of the most impressive things about working with Temenos is the emphasis they place on research and development, delivering new software releases every year. We now have the most up-to-date, cutting-edge banking solutions on the market in our hands, and this won’t change.”

Spokesperson at the bank

Simplifying Expansion

With the Temenos solution in place, Al Rajhi Bank can facilitate the launch of operations in locations beyond the borders of Saudi Arabia. Over the last 15 years, the bank has established 18 branches in Malaysia, seven in Jordan as well as a presence in Kuwait. Temenos Islamic Banking ensures that Al Rajhi Bank can continue this expansion at speed.

A spokesperson at the bank continues: “Building an international presence is a strategic goal for us, but brings challenges in terms of local Sharia customs and other banking regulations. With the Temenos solution providing pre-configured compliance features along with the ability to adapt our existing service offerings in line with local rules, we believe that we can launch new locations in just 4 to 6 months—a tremendous result.”

He concludes: “Today’s fast-moving market presents many challenges, but with Temenos on our side, we are well-placed to win new customers and maintain our hard-won position as a leader. The Temenos solutions will ensure we continue our long and successful history, and continue to deliver a first-class service that meets the needs of modern consumers while staying true to Islamic principles.”

Temenos digital banking platform will enable us to transform faster, drive out complexity and lower our overall total cost of ownership. Temenos has a worldwide reputation for robust, innovative banking software and an extensive presence and commitment in Saudi Arabia. With Temenos we will be able to introduce new and innovative products more quickly and help reduce operational costs, as well as offer a cutting-edge digital experiences to our customers.”

Mr. Waleed Al Mogbel, DCEO at Al Rajhi

Region

Middle East & Africa

Solutions

Core Banking

Sector

Business Banking
Corporate & Commercial Banking
Islamic Banking
Retail Banking

Consolidated Bank Ghana

Delivering next-generation digital services to millions of Ghanaians

Accra, Ghana

At a Glance

● Reduce the duration of the close-of-business processes to 2 hours

● Ability to extract daily automated IFRS 9 reports

● Enables the creation of in-depth reports on expected credit losses and asset performance

● Simplifies product development and customization with the latest Arrangement Architecture workflows

Two decades of rapid economic growth have turned Cambodia into one of Asia’s biggest success stories in recent years. While a dynamic retail banking sector has emerged to serve people living in cities, it is the country’s many microfinance institutions (MFIs) that support the rural communities that form the overwhelming majority of the population.

Among the most prominent is Woori Bank, founded in 2003 and one of only seven fully licensed microfinance deposit-taking institutions (MDIs)—meaning it can provide current accounts alongside loans. The MDI pursues a strong pro-poor agenda, offering financial packages that help families save for their children’s education, and providing millions of dollars in loans to help households purchase sanitation products and enable agricultural cooperatives to buy vital equipment.

Woori Bank has won many accolades for social responsibility and financial transparency from leading global development organizations such as the Consultative Group to Assist the Poor (CGAP). And in June 2018, it received another boost as Woori Bank, one of Korea’s leading banks, took over the MDI. As well as continuing its work with Cambodia’s rural communities, Woori Bank is now looking to become one of the major players in the national market.

How to Maintain an Upwards Growth Curve?

With over 60 separate providers, microfinance is a crowded market in Cambodia, and staying competitive is a tough task. For MFIs aiming to remain relevant to customers, there is the temptation to lower interest rates on loans to attract more business, but this erodes profitability. Meanwhile, over-indebtedness among customers is another major challenge and potential curb on growth, especially as financial literacy remains limited in Cambodian society.

Putting in place robust governance structures has therefore been a strategic goal for the government and the National Bank of Cambodia. Over time, they have introduced stronger regulations to align the financial sector with international best practices and accounting standards that require rigorous monitoring of areas such as non-performing loan rates.

The latest step in establishing these solid, sustainable foundations for the sector was the introduction of IFRS 9 accounting standards, which require banks and MFIs to move from reporting on incurred credit losses to expected credit losses. The government set a deadline for all Cambodian financial institutions to comply with the new rules by January 1, 2019.

Tackling IFRS 9 With Temenos

The fast-approaching IFRS 9 deadline posed two significant challenges for Woori Bank. First, the project team had to break down and understand the full requirements of the new regulations. Then, it needed to implement a solution capable of performing the calculations to meet IFRS 9 standards. To achieve these goals, Woori Bank turned to Temenos for an upgrade of its existing Temenos Inclusive Banking core banking systems, including the addition of the new Temenos IFRS 9 module.

Meeting Demanding Deadlines

After kicking off the project in September 2018, Woori Bank gave Temenos and implementation partner MCB Consulting Services Ltd. [MCBCS] just four months to complete the installation. MCBCS took the lead and handled the configuration and testing of the new solutions, with Temenos support. Despite the tight timeframe, the upgrade was ready on schedule and on budget without a single delay.

Mr. Chanveasna Heang continues: “We were extremely pleased with the solution delivery from MCBCS and Temenos. In the past, we have seen many other vendors miss deadlines and exceed budgets. This time, everything ran smoothly thanks to MCBCS’ clear understanding of our requirements and deep knowledge of Temenos Inclusive Banking solutions, and also how technology can truly add as a business enabler.

We recognised the new rules would be a steep learning curve for us but we knew Temenos had a proven track record helping many global banks to achieve IFRS 9 compliance, so they could guide us through the process. When we explored the out-of-the-box solution they were offering, we realized we had found just what we needed.”

Mr. Chanveasna Heang, Head of Projects at Woori Bank

Creating More In-Depth Reports

Using the Temenos module, Woori Bank can now classify its assets as amortized costs or fair value contracts in accordance with IFRS 9 standards before running impairment calculations to determine expected credit losses. By generating reports providing in-depth, forward-looking assessments of asset value within the Temenos solution, the MDI ensures that it can identify and take timely action in the event of non-performing loans.

Without the Temenos solution, we would have to complete the reporting process manually by extracting data from Temenos Inclusive Banking and running the calculations using third-party software, which would take longer and introduce the risk of human error. Equipped with the Temenos IFRS 9 module, we gain the speed and accuracy of automation when preparing our financial reports.”

Mr. Chanveasna Heang, Head of Projects at Woori Bank

Looking Ahead to the Full Benefits of the Upgrade

By upgrading to the latest version of Temenos Inclusive Banking, Woori Bank gained new capabilities that will help it achieve operational efficiencies, improve customer service, and seize a competitive advantage. The MDI has already cut the time it takes to complete close-of-business processes by up to two hours.

Looking to the future, Woori Bank is exploring features within the Temenos solution, including the 360-degree view of individual customer data, which will enable employees to offer more relevant services, and new Arrangement Architecture module workflows that will make it easier to develop and customize new loan and savings products. The MDI is also looking into the Temenos Integration Framework, which it can use to build collaborative projects with partner organizations.

We are excited to learn more about what else we can achieve with our upgraded core banking solutions and hope to attend the Temenos Community Forum to learn more. Working with Temenos is ensuring that we meet our compliance goals and helping us to establish the robust, sustainable business processes we need to bring our services to rural communities across Cambodia.”

Mr. Chanveasna Heang, Head of Projects at Woori Bank

We partnered successfully with

MCB Consulting Services Ltd (MCB Consulting) has been fully incorporated in June 2014 as a wholly owned subsidiary of MCB Group Ltd, the largest financial services provider in Mauritius and increasingly in the region.

Region

Asia Pacific

Solutions

Core Banking

Sector

Inclusive & Community Banking
Retail Banking

Consolidated Bank Ghana

Delivering next-generation digital services to millions of Ghanaians

Accra, Ghana

Since its foundation in 1982, Arab Tunisian Bank (ATB) has carved out a position as a top five bank in Tunisia by offering award-winning retail and corporate products. The bank has recently gone live on Temenos open platform for composable banking looking to transform its banking infrastructure to capitalize on the new digital age. The project’s first phase, which was completed by the implementation partner, Information Technology Solutions and Services (ITSS), included Temenos Banking Capabilities for Accounts, Lending, Deposits and Financial Crime Mitigation.

The initial phase of the transformation of its core banking systems for retail and corporate business lines with Temenos frees the bank from legacy constraints to accelerate product delivery and digital growth. The second phase of the implementation includes Temenos Banking Capabilities and pre-composed Banking Services for Digital Banking, Payments and Enterprise Risk Management. On Temenos open platform, it aims to differentiate itself in the market as a customer-centric bank through technology and innovation. Leveraging the platform’s core and digital banking capabilities to power new growth opportunities, drive efficiencies at scale, and deliver seamless customer experiences.

We are delighted to complete the successful migration of our retail and corporate banking customer accounts to the Temenos Core Banking Platform. This go-live is a major step forward in the bank’s strategic roadmap and to further develop the digital transformation. A modern, agile banking platform is vital for developing distinctive products and services and adapting to changing customer expectations and market evolution. Temenos gives us that agility we need and future-proofs our technology infrastructure to grow sustainably and tap new growth opportunities.”

Ahmed Rjiba, CEO at Arab Tunisian Bank

ATB is a mid-sized universal bank serving retail, SME and corporate customers with a staff of 1,300 and 134 branches across the country, In 2017, the bank was also awarded the “Best Commercial Bank in Tunisia” by Global Banking & Finance. With demand for online and mobile banking rising rapidly in North Africa, Temenos’ next-generation platform, built on microservices and APIs, will allow ATB to quickly and sustainably scale its business. Cloud-native and with an ecosystem built around it, the Temenos platform also enables ATB to open up to fintechs and the possibilities of new business models in the future.

We partnered successfully with

ITSS provides high-quality services for banks with Temenos core banking in parts of Africa, Middle East, Asia and Latin America.

Region

Middle East & Africa

Solutions

Core Banking
Digital Front Office
Financial Crime Mitigation
Payments

Sector

Business Banking
Corporate & Commercial Banking
Retail Banking

Consolidated Bank Ghana

Delivering next-generation digital services to millions of Ghanaians

Accra, Ghana

Vista Bank is bringing a fresh approach to the African banking sector. To appeal to customers ranging from individual consumers to small and medium-sized businesses, Vista Bank set out to create innovative, user-friendly digital banking services. To realize this vision, the bank deployed Temenos core banking and Temenos digital banking—providing an integrated ecosystem of core banking, analytics, payments, and digital solutions. With the scalability and pre-configured local best practices of the Temenos solutions, Vista Bank has the platform it needs to achieve its strategic goal of expanding beyond its core markets in Sierra Leone, The Gambia, and Guinea to build a customer base in 15 African countries by 2025.

I am delighted that through our partnership with Temenos, which leverages their 25 years of industry expertise, we now have the most sophisticated, innovative, cloud-native banking platform.”

Simon Tiemtore, Group Chairman at Vista Bank

Region

Middle East & Africa

Solutions

Core Banking
Digital Front Office

Sector

Business Banking
Retail Banking

Consolidated Bank Ghana

Delivering next-generation digital services to millions of Ghanaians

Accra, Ghana

As its previous banking solutions reached end of life, Coast Capital seized the opportunity to refresh its core environment and introduce more business and product flexibility for its 595,000 members. The credit union—the largest in Canada by membership—deployed Temenos core banking for retail banking, gaining the ability to perform in-depth analysis of customer data that would shape its growth. Armed with deep insights into member preferences, Coast Capital is rolling out more personalized services, ensuring greater customer satisfaction today and in the future.

Temenos comes to us with solutions, with ideas and they actually really understand where we are going and understand how the product can serve our members better.”

Jeff Wong, Chief Business Transformation Officer at Coast Capital Savings

Region

North America

Solutions

Collections
Core Banking
Digital Front Office

Sector

Business Banking
Corporate & Commercial Banking
Credit Unions & Community Banking
Retail Banking

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