Latest news with #SanthoshRao
Fintech News ME
01-08-2025
- Business
- Fintech News ME
Egypt's MIDBANK Completes Core Banking Overhaul with Temenos
MIDBANK, a long-standing Egyptian financial institution, has completed a full overhaul of its core banking infrastructure, replacing its legacy systems with Temenos ' banking technology platform. The move marks a significant milestone in the bank's broader digital transformation strategy, aimed at modernising operations and enhancing service delivery across the country. Following an extensive evaluation process, MIDBANK chose to implement a suite of Temenos solutions, including its Core Banking system, Payments Hub, Financial Crime Mitigation, and Data Hub. The bank adopted a 'big bang' approach for the transition, decommissioning its previous systems and activating the new platform in a single step. Amr El-Garhy, CEO and Managing Director of MIDBANK, stated: 'We turned off the light on one system, and turned on the light on another. It was a bold decision, but we were well prepared. Temenos was attentive at the moments that really mattered. They stayed close to the project and showed genuine commitment to our success. Powered by Temenos, MIDBANK is well-positioned to shape the future of digital banking in Egypt.' The new system is already delivering tangible results, including shorter transaction processing times, improved internal efficiency, and better customer experiences. Looking ahead, MIDBANK plans to roll out digital banking channels using Temenos Digital and to explore artificial intelligence applications through tools such as the Temenos Product Manager Copilot. Santhosh Rao, Managing Director for the Middle East and Africa at Temenos, commented: 'MIDBANK's successful go-live is a strong example of how Temenos helps financial institutions modernise with confidence. Our proven delivery capability, combined with our innovative and adaptable platform, enabled a smooth and timely transition. MIDBANK is now equipped to deliver modern, efficient, and customer-centric banking services.' Temenos' existing presence in Egypt, its local partnerships, and prior experience in the region were instrumental in supporting the implementation. Key partners included ITSS for the rollout and DXC for testing support.
Yahoo
11-07-2025
- Business
- Yahoo
Orion deploys Temenos digital banking platform for BNI Madagascar
Orion Innovation, an accredited partner of Temenos, has deployed a customised digital banking platform for BNI Madagascar. This initiative aims to provide customers with an advanced, user-focused banking experience that goes beyond the standard Temenos Digital offering. BNI Madagascar sought to create a unique mobile application featuring a bespoke user interface designed for seamless and intuitive interactions, according to the company. BNI Madagascar digital head Thibault Huvelle said: 'Orion's partnership has elevated our digital capabilities and allowed us to better serve our customers with convenience and efficiency.' Orion noted that it collaborated closely with the bank to align the platform with its strategic objectives and design preferences. The result is a 'modern' and 'scalable' platform that enhances customer engagement, improves operational efficiency, and accelerates the launch of new services, stated Orion. BNI Madagascar has reported strong user adoption and positive feedback, particularly praising the mobile app's design, usability, and customer-centric approach, said Orion. Temenos MEA managing director Santhosh Rao said: 'Congratulations to the team at BNI Madagascar on a successful go-live with Temenos Digital. This milestone empowers the bank to enhance customer experiences and deliver smarter, faster banking services. 'It also highlights the strength of our digital banking solutions for banks in Africa to accelerate innovation and digital transformation.' In May this year, EastWest Banking in the Philippines selected Temenos Software as a Service (SaaS) to expedite its core banking upgrade, aiming for a secure experience across its retail, SME, and corporate divisions. "Orion deploys Temenos digital banking platform for BNI Madagascar" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
30-06-2025
- Business
- Finextra
What Are The Key Priorities for Banks in The Middle East & Africa?
Whilst attending the Temenos Community Forum 2025 in Madrid, Santhosh Rao, Managing Director, MEA, Temenos and Mohamed Al Zamil, Chief Operating Officer, Reem Finance joined the FinextraTV studio to discuss banking trends in the Middle East and Africa. Explaining the rapid changes happening in these dynamic markets, Rao and Zahil examine the impact of new digital banks, evolving regulations and how to service gaps in traditional processes.
