Latest news with #bankingtechnology
Finextra
31-07-2025
- Business
- Finextra
Egypt's Midbank completes core banking migration with Temenos
Temenos (SIX: TEMN), a global leader in banking technology, today announced that MIDBANK has successfully gone live with Temenos, completing a full replacement of its legacy systems with Temenos' core banking suite. 0 This strategic transformation is part of MIDBANK's broader initiative to modernize its operations and deliver next-generation banking services to customers across Egypt MIDBANK, a 50-year-old financial institution based in Egypt, selected Temenos following a comprehensive evaluation process. The implementation includes Temenos Core, Payments Hub, Financial Crime Mitigation (FCM), and Data Hub. The go-live followed a 'big bang' approach, with the legacy system decommissioned and the Temenos platform activated in a single transition. Amr El-Garhy, CEO & Managing Director of MIDBANK, commented: '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 transformation has already delivered measurable benefits, including reduced transaction processing times, improved operational efficiency, and enhanced customer satisfaction. MIDBANK is also preparing to launch digital channels with Temenos Digital and explore AI-driven innovations using Temenos tools, including the Temenos Product Manager Copilot. Santhosh Rao, Managing Director - Middle East & Africa, Temenos, commented: 'MIDBANK's successful go-live is a strong example of how Temenos helps financial institutions modernize 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' proven track record in Egypt, local presence, and strong ecosystem of partners were key to the project's success. Key partners included ITSS for implementation and DXC for testing. This initiative supports Egypt Vision 2030 and the Central Bank of Egypt's digital agenda, reinforcing MIDBANK's role in advancing financial inclusion and sustainable economic development.
Yahoo
14-07-2025
- Business
- Yahoo
Diebold Nixdorf Enhances Kuwait International Bank's Customer Service with ITM Deployment
Diebold Nixdorf Incorporated (NYSE:DBD) is one of the best new tech stocks with huge upside potential. On July 9, Diebold Nixdorf announced the deployment of its Interactive Teller Machines/ITMs at Kuwait International Bank/KIB. This implementation marks an advancement in KIB's customer service, integrating self-service convenience with personalized banking. The project was executed in collaboration with Axis Solutions, which is a premier provider of advanced banking technology solutions and Diebold Nixdorf's licensed partner in Kuwait. A businessperson in a suit shaking hands to seal a deal, symbolizing the company's corporate banking services. Additional services provided by the ITMs include: cash withdrawal & deposit beyond standard limits, check deposit & encashment, instant card printing & activation for new/replacement debit cards, accessibility features like voice guidance & tactile keypads for visually impaired customers, and the ability to update Civil ID information directly at the ITM. Diebold Nixdorf Incorporated (NYSE:DBD) automates, digitizes, and transforms the way people bank and shop worldwide. It operates through 2 segments: Banking and Retail. Kuwait International Bank (or KIB) is a bank that operates according to the Islamic Shari'ah, based in the State of Kuwait. While we acknowledge the potential of DBD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 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
National Post
03-07-2025
- Business
- National Post
Temenos Recognized by TIME as One of the World's Most Sustainable Companies
Article content Temenos ranks #4 globally, highlighting leadership in ESG, cloud innovation, and sustainable banking technology Article content GRAND-LANCY, Switzerland — Temenos (SIX: TEMN), a global leader in banking technology, has been ranked the 4th most sustainable company in the world by TIME magazine and Statista. Featured among 500 global sustainability leaders, Temenos is the highest-ranking Swiss company and the only core banking software provider in the top 40. Article content Article content The TIME ranking evaluates the world's largest companies across more than 20 performance indicators, including ESG transparency, environmental impact, employee well-being, and corporate governance. Developed in partnership with Statista, the methodology places particular emphasis on companies' climate commitments aligned with frameworks such as the Science Based Targets initiative (SBTi), as well as diversity, talent development, and the quality of sustainability reporting. Article content Jean-Pierre Brulard, CEO, Temenos, said: Article content 'We are honored to be recognized as one of the world's most sustainable companies. This recognition is a validation of our ongoing commitment to sustainability; not only within our own operations, but across our stakeholders, from our suppliers to our clients and the communities we operate in.' Article content Temenos has consistently received top ESG ratings from S&P Global, CDP, EcoVadis, and Sustainalytics, and continues to advance its leadership through inclusive workplace practices and high standards of corporate responsibility. Article content About Temenos Article content Temenos (SIX: TEMN) is a global leader in banking technology. Through our market-leading core banking suite and best-in-class modular solutions, we are modernizing the banking industry. Banks of all sizes utilize our adaptable technology – on-premises, in the cloud, or as SaaS – to deliver next-generation services and AI-enhanced experiences that elevate banking for their customers. Our mission is to create a world where people can live their best financial lives. Article content Article content Article content Media Contacts Article content
Finextra
22-05-2025
- Business
- Finextra
Philippine's EastWest modernises core with Temenos SaaS
Temenos, a global leader in banking technology, today announced EastWest Banking Corporation (EastWest), a leading universal bank in the Philippines, has selected Temenos SaaS to accelerate its core banking modernization. 0 This strategic move supports the Bank's focus to enhancing customer experience, driving digital transformation, and delivering innovative financial solutions with greater efficiency and scale. By adopting Temenos Core as a SaaS solution for its Retail, SME, and Corporate operations, EastWest will leverage cutting-edge banking technology to provide a seamless and secure banking experience. This modernization effort ensures a more agile and resilient banking infrastructure, allowing the bank to better serve its more than 3 million customers across 400 branches nationwide. Barani Sundaram, Chief Technology Officer at EastWest, said: 'At EastWest, our customers are at the heart of everything we do. Temenos SaaS is a crucial step in our digital transformation journey, as it allows us to offer a more seamless and personalized banking experience—whether through our mobile app, branch network, or customer support channels. By modernizing our core banking systems, we are ensuring that we can continue to meet the evolving needs of our customers while staying agile in a fast-changing financial landscape.' This transformation will empower EastWest with a unified, data-driven approach across all lines of business, enabling faster product innovation, improved operational efficiency, and a more customer-centric banking ecosystem. The new platform will also provide the flexibility to scale and integrate with fintech partners, ensuring a robust and future-ready banking environment. Sundaram, added: 'We are excited to work with Temenos, a global leader in banking technology, as we take this important step forward. This investment marks EastWest's drive to elevate digital banking for Filipinos—bringing secure, elegantly designed, and intuitively smart financial tools within easy reach, shaped around the pace and preferences of modern life.' Temenos SaaS will support a wide range of banking operations, including customer accounts, deposits, lending, payments, and trade finance, while also creating opportunities for EastWest to expand into new segments such as Wealth Management. Will Dale, Managing Director - APAC, Temenos, commented: 'We are proud to partner with EastWest, a major player in the Philippine banking sector, to transform its core banking in the cloud. The bank was looking for a SaaS solution that combined deep functionality and the latest technology, which is where Temenos excels. We look forward to supporting EastWest in driving the next phase of their impressive growth.' Adopting Temenos Core as a SaaS solution enables EastWest to deliver more seamless, scalable, and innovative banking services
