Arab Tunisian Bank Goes Live on Temenos to Power Sustainable Growthby Fintechnews Africa 22 June 2022
Temenos announced that Arab Tunisian Bank, a leading bank in Tunisia and part of the Arab Bank Group, one of the largest financial institutions in the Middle East, has gone live on Temenos open platform for composable banking.
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.
ATB is a mid-sized universal bank serving retail, SME and corporate customers with a staff of 1300 and 134 branches across the country. 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.
The project’s first phase was completed by implementation partner, Information Technology Solutions and Services (ITSS). It included Temenos Banking Capabilities for Accounts, Lending, Deposits and Financial Crime Mitigation and migrating retail and corporate accounts to the Temenos platform.
Ultimately, the front-to-back banking capabilities of Temenos open platform will underpin the bank’s entire operations. The second phase of the implementation includes Temenos Banking Capabilities and pre-composed Banking Services for Digital Banking, Payments and Enterprise Risk Management.
Temenos’ next-generation platform is built on microservices and APIs to allow for continuous innovation and delivery for 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.
Ahmed Rjiba, CEO, Arab Tunisian Bank, commented:
“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.”
William Moroney, Managing Director, Middle East & Africa, Temenos, said:
“Congratulations to the ATB team and our implementation partner ITSS on this successful go-live. As the market leader with deep local experience working with ten banks in Tunisia, we are proud to support ATB on its transition from legacy infrastructure. ATB can now benefit from the unmatched breadth of the Temenos platform’s composable banking capabilities to accelerate its strategy of transformation and diversification.”
Featured image credit: Edited from Unsplash