Cameroon-based Afriland First Bank has selected the Temenos T24 Core Banking platform to support its digital transformation.
Selected following a competitive evaluation, the solution will replace the bank’s old IT systems.
It is expected to improve its operating efficiency and enable it to introduce products and services swiftly.
Additionally, the bank will implement multiple other Temenos solutions including Front Office Suite, Analytics & Reporting and Payments Hub.
The deployment of Islamic banking capabilities is also part of its IT renovation programme.
Afriland First Bank president Jean Paulin Fonkoua Kake said: “We selected Temenos as our strategic technology partner because of their deep local expertise combined with the global experience in supporting digital transformation projects.
“Temenos’ digital banking platform will allow us to be at the forefront of innovation and offer world-class services to our clients.”
Founded in 1987 as Caisse Commune d’Epargne et d’Investissement, the bank has 40 branches across Cameroon.
It also has commercial operations in several other African nations such as Equatorial Guinea, South Sudan, Zambia, and others.
The digital transformation should enable Afriland First Bank to comply with specific regulatory requirements of the UEMOA zone.
It will also help to fulfil the regulations followed at Central African Economic and Monetary Community (CEMAC) member countries.
Temenos Middle East & Africa managing director Jean-Paul Mergeai said: “Our integrated, real-time and scalable banking software helps financial institutions address the evolving customer demands and regulatory requirements.
“We look forward to working with Afriland First Bank as it transforms the services it offers to its customers.”