The bank will deploy Temenos’ cloud-native core banking solution Temenos Transact to replace its legacy IT system. According to Verdict, Temenos Transact will help the bank improve its back-office operations and accelerate its three-year efficiency programme to reduce operating costs.
The AI-driven technology is said to automate and speed up the process of offering housing loans and grants to residents and municipalities.
In addition, the bank will leverage Temenos Financial Crime Mitigation (FCM) suite, which is already integrated with Temenos Transact. FCM is said to support comprehensive financial crime protection such as anti-money laundering, sanctions screening, and fraud management.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.