Source: Temenos |

Bank of Khyber transforms to Temenos Core and Digital Banking Platform

Temenos technology supports Bank of Khyber’s strategic objectives to increase market share and drive sustainable growth by optimizing its banking operations and reducing operational costs

Bank of Khyber (“BoK”) (http://BoK.com.pk) which is a leading bank in Khyber Pakhtunkhwa, Pakistan, with 175 branches, successfully went live with Temenos Transact (www.Temenos.com) the next generation core banking, Temenos Infinity digital banking platform, Financial Crime Mitigation and Analytics. The implementation was carried out by Temenos’ Middle East implementation partner based…

Source: Temenos |

Arab Investment Bank selects Temenos to Drive Digital Growth and Financial Inclusion

Temenos Infinity accelerates time-to-market for new products and deliver a seamless, multi-experience digital journey for its customers

Arab Investment Bank selects Temenos Infinity to offer differentiated digital customer experience and grow digital customer base; Temenos Infinity enables Arab Investment Bank to bring new products to market faster, accelerate digital customer onboarding and increase front office efficiency to achieve market-leading cost-income ratio; Supports bank’s mission to boost economic…

Source: Temenos |

Leading Jordanian Bank Drives Digital Banking Growth with Temenos

The instant onboarding service and new mobile banking are expected to dramatically accelerate the bank’s customer base in Jordan

Jordan Ahli Bank goes live with Temenos Infinity to create new digital customer experiences and support instant onboarding; Rapid development and deployment completed remotely. Temenos (SIX: TEMN) (www.Temenos.com), the banking software company, today announced that Jordan Ahli Bank (“Ahli Bank”) has gone live with cloud-native Temenos Infinity to rapidly develop…

Source: Temenos |

The Middle East’s Leading Digital Wallet Selects Temenos to Rapidly Achieve Exponential Growth and Expand Digital Payments Portfolio

STCPay selects cloud-native, cloud-agnostic Temenos Payments and Temenos Transact to power innovation in digital payments and grow its customer base to 6 million by 2021

Temenos (SIX: TEMN) (www.Temenos.com), the banking software company, today announced that Saudi Arabian digital wallet, STCPay, has selected cloud-native, cloud-agnostic Temenos Payments and Temenos Transact running on a private cloud to achieve exponential growth and expand its digital payments capabilities. Real-time, API-first Temenos Transact and Temenos Payments will provide a…

Source: Temenos |

Sombank Selects Temenos Cloud-Native Technology to Deliver Digital Islamic Banking Services in Somalia

Temenos technology will enable Sombank to accelerate digital transformation and offer a unified banking experience to customers in branch and online

Sombank selects Temenos Islamic Banking (www.Temenos.com) to create innovative financial products to help with the country’s economic growth, leveraging the market-leading capabilities of Temenos Infinity and Temenos Transact; Temenos cloud platform will enable Sombank to reduce time and cost in deploying digital banking products designed to increase access to financial…

Source: Temenos |

Orange Bank Africa goes Live with Temenos SaaS

Temenos implemented the solution remotely during the covid-19 pandemic

With Temenos technology (www.Temenos.com), Orange Bank Africa provides innovative digital banking services in West Africa; Temenos Transact, delivered as SaaS, powers Orange Bank Africa’s launch in the West African Economic and Monetary Union (WAEMU) region and supports financial inclusion; Temenos’ elastic SaaS technology will help Orange Bank Africa scale to…

Source: Temenos |

Banks must resolve explainability and “black box” risk governance challenges to succeed with AI post-pandemic, says Economist Intelligence Unit report supported by Temenos

The Economist Intelligence Unit report identifies data bias, “black box” risk and lack of human oversight as key concerns

AI will separate winning banks from losers, say 77% of banking executives surveyed during COVID-19; COVID-19 will intensify the use of AI, making effective governance more urgent; The Economist Intelligence Unit report identifies data bias, “black box” risk and lack of human oversight as key concerns; This independent global review…

Source: Temenos |

Al Ain Finance selects Temenos SaaS to remotely deploy Corporate Banking Solution during Covid-19

Temenos’ front-to-back advanced AI and cloud technology will be remotely implemented to power rapid digital transformation

UAE-based corporate finance institution selects Temenos Infinity and Temenos Transact on Temenos SaaS to address surge in digital banking for SMEs during Covid-19 and beyond ; Temenos’ front-to-back advanced AI and cloud technology will be remotely implemented to power rapid digital transformation; Temenos SaaS solution will replace Al Ain Finance’s…

Source: Temenos |

MEA Retail Banks are the Strongest Believers in a Cashless Society, Prioritizing Digitalization to Drive Financial Inclusion, Says Study by the Economist Intelligence Unit Released by Temenos

Middle East and Africa (MEA) retail banks believe delaying digitalization poses genuine threats to their business models

6 in 10 banking executives in the Middle East and Africa (MEA) think cash will dip below 5% of retail transactions in the next five years, compared to 48% globally. The global Coronavirus pandemic is likely to reinforce this trend; MEA retail banks believe delaying digitalization poses genuine threats to…

Source: Temenos |

Yemen’s Fastest Growing Bank Selects Temenos to Accelerate Adoption of Digital Banking Services and Promote Social and Economic Progress

Al Kuraimi Islamic Bank, one of the most innovative banks in Yemen, chose cloud-native, cloud-agnostic Temenos Infinity and Temenos Transact to deliver digital banking services for the Islamic market

Temenos (SIX: TEMN) (www.Temenos.com), the banking software company, today announced that Yemen-based, Al Kuraimi Islamic Bank (KIB), has selected Temenos Infinity and Temenos Transact to replace its legacy IT systems and deploy a single, cloud-native, cloud-agnostic digital banking platform to underpin its banking operations. KIB is one of the Yemen’s…