Sombank selects Temenos Islamic Banking solution for digital Islamic banking services in Somalia

SOMALIA – Temenos, the banking software company, today announced that Sombank, a privately owned Islamic bank in Somalia, has selected the Temenos Islamic Banking solution in the cloud to accelerate its digital transformation and create innovative products to increase access to financial services in Somalia. Sombank will implement the full front-to-back Temenos Islamic Banking platform combining the market-leading capabilities of Temenos Infinity and Temenos Transact. The platform’s scalable innovative technology provides superior features for lslamic banks to offer their customers Shari’ah compliant products and the best digital experience. The cloud-native…

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TAJBank opens third branch two months after launching in Nigeria

NIGERIA – TAJBank, one of Nigeria’s non–interest financial institution has opened its third office at the National Assembly in Abuja just two months after it commenced operations. The office launch was officiated by Taj Bank’s co-founders, Mr Hamid Joda and Mr Sherif Idi and attended by the Clerk of the National Assembly, Mohammed Sani-Omolori who was the Special Guest of Honour. Omolori commended the bank for its innovative drive and urged the institution not to relent as it sought to further drive the growth and development of its sector. Non-interest banking…

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