T24 News

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.

IT services provider Maveric Systems is aiming at almost doubling its revenue to Rs 650 crore by 2021-22, eyeing 45% of revenue from new lines of business that it entered two years ago, its chief executive Ranga Reddy said.

US-based mobile banking company Varo Money has signed for Temenos’s T24 core banking system, as well as the vendor’s Lifecycle Management Suite, which will be implemented on the Temenos Cloud.

Astralian challenger bank Judo Capital has selected Temenos’ core banking platforms to consolidate its position in the country’s business banking sector. The lender, which is currently in process of securing full banking licence from the Australian Prudential Regulation Authority, has selected Temenos’ T24 Core Banking, Channels, Analytics and Financial Crime Mitigation.

Temenos, the software specialist for banking and finance, today announced that a US-based Tier 1 global bank has selected Temenos T24 Core Banking as its global cash management platform for deposit transaction processing, internal account sweeping and interest compensation. The system, which will replace the bank’s legacy infrastructure, will be implemented progressively in multiple countries across the globe.

Meezan Bank, the largest Islamic Bank in Pakistan, has upgraded its core banking system, Temenos’ T24, to release 16.