Temenos launches its banking cloud to reduce cost of operations

AFRICA – Temenos, a provider of banking software systems, has announced the launch of its latest product, Temenos Banking Cloud in a bid to enable banks to self-provision always-on banking services and scale instantly and securely while reducing the cost of operations to 10% of legacy systems. The product combines banking services, covering all segments and all geographies, with a Sandbox for fast innovation and the Temenos MarketPlace for FinTech collaboration, all powered by a new AI-enabled engine to drive banks’ business growth and accelerate time to market. “Banks face…

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Suez Canal Bank selects Temenos for its digital transformation

EGYPT – Suez Canal Bank has selected Temenos, a banking software company, to transform the digital customer experience for its retail and business banking in its drive sustainable growth and financial inclusion in country where more than 40 million are unbanked. Temenos will use its Temenos Infinity that will provide a complete digital platform for Suez Canal Bank, covering the entire customer lifecycle from customer onboarding, account opening and digital servicing. With Temenos Infinity, the bank is able to bring new products to market faster, accelerate digital customer onboarding and…

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Arab Investment Bank selects Temenos to power its digital customer experience

EGYPT – Temenos, a banking software company, has announced that Arab Investment Bank has selected Temenos to power its digital customer experience. Arab Investment Bank chose the market-leading capabilities of Temenos Infinity and Temenos Payments to improve performance, drive its digital growth strategy and provide a boost to financial inclusion for millions of Egyptians. Arab Investment Bank, which is among one of the fastest growing banks in Egypt, provides personal and business banking products as well as investment and Islamic banking services. With Temenos Infinity, the bank has embarked on…

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