Temenos and BACB go public on core banking software project
Temenos has officially confirmed it is implementing its software at British Arab Commercial Bank (BACB). As reported by Banking Technology back in February, BACB opted to replace its legacy core system, Misys’ Midas, with T24.
Temenos is also supplying its digital channels (Temenos Connect) and analytics (Insight BI) products to the London-based corporate bank.
Temenos brands the offering as CorporateSuite.
The bank focuses on trade finance and treasury services to Africa and the Middle East.
David Hamilton-Brown, CIO of BACB, feels that Temenos offers “an excellent fit” for the bank’s product offering and will also improve digital delivery.
Also, “an integrated architecture will ensure an holistic view of our data and at the same time reduce our costs base in this highly competitive banking environment,” he says.
Another recent taker of Temenos’ core platform in the UK is Cater Allen, a London-based private bank and a subsidiary of Santander.