Banque du Caire, an Egyptian bank, has chosen Temenos T24 core banking platform to replace its current solution to improve user experience across channels and devices.
The lender will implement T24 along with Temenos solutions for channels, financial crime mitigation, front office, payments, and risk and compliance.
Tarek Fayed, Chairman and CEO, Banque du Caire, commented: “Banque du Caire is capitalising on its strong positioning in the market to accelerate its growth levels in the coming years. The partnership with Temenos will help the bank in achieving its objectives by upgrading its technological platform in attempt to introduce up-to-date digital financial services.
“Collaborating with Fintech solutions through open banking that goes in line with the CBE endeavors to develop and support the country’s financial inclusion strategy providing the latest global standards in such field. BDC digital financial solutions will bring to our customers a highly responsive service, tailored products and a truly customer-centric experience.”
According to the bank, the implementation of Temenos new software will enable it to ensure that the 10,000,000 million transactions processed per month are fast, secure, and compliant.
Additionally, the new solutions will support Banque de Caire’s retail and corporate banking operations.
Temenos regional director – MEAJean-Paul Mergeai said: “Temenos is excited to have been chosen by Banque du Caire as one of their primary technology partners to expand through innovation and operational excellence, and to transform the bank from a product-centric to a customer-centric model.
“This strategy aligns perfectly with Temenos’ vision which has enabled us to develop a packaged, upgradable and innovative core banking platform which is used by more than 1000 financial institutions globally.”