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Nigeria-based Sterling Bank has gone live with a core banking package from Temenos including its flagship platform T24. It did so in a “big bang” that saw the new system implemented across 185 branches simultaneously.

IBS Intelligence reported on Sterling Bank’s initiative in 2014, when it was considering whether to choose Temenos or Infosys’ Finacle system. The bank’s legacy system, ICSFS’ ICS Banks, was ousted. The newly-live T24 will support Sterling Bank’s recently-launched Islamic finance system from Path Solutions, iMAL, which went live in early 2014.

Sterling Bank emerged in early 2006 as a result of a merger of five domestic banks and provides services to individuals, small businesses (SMEs) and large corporations. “We are very pleased with Sterling Bank’s trust in our products and services which will enable the bank to execute its growth plans – attracting new niche customers and expanding regional operations,” says Jean Paul Mergeai, Regional Director at Temenos. “By selecting Temenos core-banking solution to underpin its IT transformation, Sterling Bank is leveraging the technology that should give them a competitive edge in a fast moving market, increase operational efficiency, reduce risks and improve customer service. I would like to congratulate Sterling Bank on the achievement and delivery of such an important program and milestone.”

Yemi Adeola, CEO at Sterling Bank, adds: “Technology has become the backbone of the global banking system today and as an institution, we are committed to continuously making the necessary investments to ensure we deliver the one-customer experience to all our customers. Our choice of Temenos is founded on their impressive track record and reliable service delivery; a trait synonymous with the core values we hold dear”