T24 News

Australian challenger Volt Bank has gone live with Temenos’ T24 core banking system, financial crime mitigation and analytics on the cloud.

This will enable Volt Bank to accelerate the deployment of its banking products.

Online payments fintech firm PayPal has selected Temenos T24 Core Banking platform, the banking software provider said in a statement today.

Temenos will acquire Software-as-a-Service (SaaS) vendor Avoka for $245 million as it looks to reinforce its digital powers.

Temenos has over 300 banking clients and the Avoka platform will be integrated with its Digital Front Office product, for “omni-channel digital banking needs”.

As part of its banking licence hunt Melbourne-based challenger Judo Capital has selected Vermeg’s AgileReporter package for Australian Prudential Regulation Authority (APRA) reporting requirements.

Judo is making decent advances for its banking dreams as just last month it got a $350 million debt facility agreement with firm Credit Suisse.

First Abu Dhabi Bank (FAB), the entity created by the merger of First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD), has gone live on Temenos’ T24 core banking system.

As reported in April 2017 from the Temenos Community Forum in Lisbon, the new platform is designed to support the bank’s conventional and Islamic banking operations across the board (retail, corporate, investment etc).

Temenos (SIX: TEMN), the banking software company, today announced that RCB Bank has successfully completed an upgrade of Temenos T24 Core Banking with the support of Foranx LLC.

Following five months of cooperation, the core banking system Temenos T24 was upgraded from R10 to R17.

Information and communication technology, ICT, and infrastructure solutions provider, Inlaks, has been recognized as the best Temenos Learning Community, TLC, partner of 2018 in Africa.

Foranx, a certified Temenos services partner, supported the implementation in conjunction with Temenos. The bank decided to upgrade in order to support its efforts to geographically expand into new markets, and continue to innovate to meet evolving customer expectations.

Embracing the core values of innovation and customer focus, Inlaks has been recognised as the best Temenos Learning Community (TLC) partner of 2018 in Africa for investing in training and development with well-coordinated training methodology in delivering value to numerous customers across Africa. This endorsement was highlighted by Temenos at this year’s Temenos’ Middle East and Africa (MEA) sales and partner meeting in Dubai. Temenos specializes in enterprise software for banks and financial services.

Cameroon-based Afriland First Bank has chosen Temenos and its T24 Core Banking system.

The bank has opted for a “complete IT renovation” using Temenos T24, as well as a host of additional solutions including Temenos’ Front Office Suite, Analytics & Reporting, Payments Hub and Islamic banking capabilities.