Bank of Beirut UK transitions to Temenos core banking

Bank of Beirut UK has transitioned to the Temenos Core Banking and Payments platform, completing the determination from its erstwhile strategy successful a process that lasted conscionable implicit 15 months.

Implementation was carried retired successful concern with LTIMindtree, a Temenos transportation partner.

With the caller halfway banking system, Bank of Beirut UK is present positioned to supply a implicit scope of retail, commercial, and deposit products.

The level besides supports enhanced commercialized concern services for businesses engaged successful cross-border activity.

Bank of Beirut UK CEO Sophoklis Argyrou said: “Migrating from a bequest strategy to Temenos’ modern halfway banking and payments level allows america to standard our commercialized concern concern and fortify our firm and retail banking proposition. We tin present connection a broader portfolio of products and present superior lawsuit experiences with greater velocity and efficiency.”

This strategy upgrade brings Bank of Beirut UK’s operations successful enactment with those of its genitor institution, Bank of Beirut successful Lebanon.

Both entities present stock a unified technological foundation, which is expected to streamline processes, little operational costs and velocity up time-to-market for caller offerings.

Temenos Europe managing manager Mark Yamin-Ali said: “This palmy go-live shows Temenos’ unsocial spot to present comprehensive, regionalised solutions connected a unified platform, helping banks successful aggregate markets to innovate and grow. We’re arrogant to invited Bank of Beirut UK arsenic a caller Temenos lawsuit successful Europe and to physique connected our long-standing narration with Bank of Beirut.”

Earlier this month, Bahrain-based Bank ABC completed the migration of ila Bank, its integer subsidiary, to the Temenos level hosted connected Amazon Web Services.

"Bank of Beirut UK transitions to Temenos halfway banking" was primitively created and published by Retail Banker International, a GlobalData owned brand.

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