Latest news with #corebanking
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
Zawya
21-05-2025
- Business
- Zawya
CARITech and Finastra announce strategic partnership
Cairo, Egypt – CARITech, a leading digital transformation partner specializing in core banking modernization and implementation services, and Finastra, a global provider of financial services software applications, today announced a strategic partnership to strengthen the deployment of Finastra Essence for financial institutions across the Middle East and Africa. This collaboration combines CARITech's implementation expertise with Finastra's advanced technology to deliver streamlined and efficient core banking modernization. Through this partnership, CARITech will leverage its proven implementation methodology, CMMi Level 3-certified standards, and regional expertise to support financial institutions adopting Essence. CARITech's bilingual Arabic-English team will ensure seamless communication and excellent service for banks in the Middle East, enabling smooth transitions to modern core banking platforms. 'Partnering with Finastra represents a significant step forward for CARITech in our mission to deliver best-in-class core banking transformation services,' said Dr. Ismail Ali, CEO of CARITech. 'By combining our expertise with Finastra's innovative Essence solution, we can empower financial institutions to modernize their operations with confidence and efficiency.' Finastra Essence is a core banking solution that combines deep functionality and advanced technology to increase enterprise agility, reduce costs and improve operational efficiency. The partnership aims to deliver this advanced technology to help banks optimize their operations and enhance customer experiences. 'Our collaboration with CARITech reflects Finastra's commitment to ensuring financial institutions receive exceptional service when implementing Finastra Essence,' said Siobhan Byron, EVP Universal Banking at Finastra. 'CARITech's track record in core banking transformations and their deep understanding of regional needs make them an invaluable partner in helping banks achieve their transformation goals.' This partnership underscores both companies' shared commitment to innovation and customer success, enabling financial institutions to transition to modern core banking systems with minimal disruption and maximum benefit. About CARITech CARITech is a global leader in digital transformation for financial institutions, specializing in core banking modernization, system replacement, and seamless integration. With extensive experience across the Americas, Middle East, and Africa, we deliver end-to-end solutions that enhance efficiency and innovation. Our expertise in 24/7 support, advanced data management through our DATUM solution, and strict adherence to global standards ensure operational excellence. Backed by a proven track record and seasoned professionals, CARITech empowers banks to the evolving digital landscape with confidence. About Finastra Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world's top 50 banks. For more information, visit
Zawya
21-05-2025
- Business
- Zawya
CARITech, Finastra partner to drive core banking transformation in MENA
Egypt - CARITech, a leading digital transformation consultancy specializing in core banking modernization, has announced a strategic partnership with Finastra, a global financial software provider, to accelerate the adoption of the Finastra Essence core banking platform across the Middle East and Africa. The collaboration leverages CARITech's regional expertise and implementation capabilities alongside Finastra's advanced technology to streamline digital transformation for financial institutions. Under the agreement, CARITech will apply its CMMI Level 3-certified methodology to support efficient, low-risk deployments of Finastra Essence. With a bilingual Arabic-English team and in-depth knowledge of local banking environments, CARITech is well-positioned to deliver tailored support, ensuring smooth transitions to modern core banking systems throughout the region. 'Partnering with Finastra represents a significant step forward in our mission to deliver best-in-class core banking transformation services,' said Ismail Ali, CEO of CARITech. 'Our regional insights and technical capabilities make us uniquely equipped to support financial institutions on their digital journeys.' Finastra Essence is a next-generation core banking solution designed to boost agility, reduce operational costs, and improve customer experience through deep functionality and open technology. 'Our collaboration with CARITech reflects Finastra's commitment to ensuring financial institutions receive exceptional service when implementing Finastra Essence,' said Siobhan Byron, EVP of Universal Banking at Finastra. 'CARITech's strong track record and understanding of regional banking needs make them a valuable partner in enabling transformation at scale.' This partnership underscores both companies' shared dedication to innovation, regional growth, and customer success, enabling banks in the Middle East and Africa to modernize their operations with minimal disruption and maximum value. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Finextra
21-05-2025
- Business
- Finextra
Raiffeisen Bank goes live with Temenos Core in Bosnia-Herzegovina
Temenos (SIX: TEMN) today announced that Raiffeisen Bank dd Bosnia-Herzegovina, a member of Austrian-based Raiffeisen Bank, has successfully gone live with Temenos Core for retail banking. 0 The core modernization marks a significant milestone, enabling Raiffeisen Bank dd Bosnia-Herzegovina to enhance customer experience and drive greater efficiency. Raiffeisen Bank is one of Austria's leading corporate and investment banks, with €200bn of total assets and subsidiaries in 11 Central and Eastern European markets. Its Bosnian network unit is the second largest bank in Bosnia-Herzegovina, serving around 500,000 customers across the retail, corporate and SME segments. By migrating from its legacy system to Temenos, Raiffeisen Bank dd Bosnia-Herzegovina has migrated its current account operations in the country to the same modern, agile core banking solution already in use in other markets of RBI, including Kosovo, Slovakia and Poland. This will help the bank to streamline operations and automate processes for increased efficiency and an improved customer experience. Deployed on Red Hat's OpenShift hybrid cloud, Temenos' scalable, cloud-based solution will help Raiffeisen Bank dd Bosnia-Herzegovina to future-proof its operations, supporting its growth ambitions and enabling the migration of additional capabilities over time. Temenos' flexible, API-based architecture and comprehensive functionality will also enable the bank to drive faster time to market and reinforce its reputation for innovation in Bosnia-Herzegovina. The successful implementation was the result of close collaboration between Temenos, delivery partner Tech Mahindra and Raiffeisen Bank's own specialist team, certified for its in-depth knowledge of Temenos solutions. Kreshnik Halili, Board Member for Operations and IT, Raiffeisen Bank dd Bosnia-Herzegovina, said: 'This go-live with Temenos is an important part of Raiffeisen's mission to transform continuous innovation into superior customer experience. Temenos' modern, integrated core banking solution, which has already proven its worth in other parts of the RBI group, will give us increased efficiency and flexibility for our operations in Bosnia-Herzegovina. This will help us to drive continued growth in this important market, building on our leading position and strong reputation for innovation.' Mark Yamin-Ali, Managing Director - Europe, Temenos, commented: "Congratulations to Raiffeisen Bank dd Bosnia-Herzegovina on this successful implementation. We're proud to build on our longstanding relationship with one of Austria's largest banking groups, helping them bring the benefits of Temenos' market-leading core banking solution to another European market. This success showcases Temenos' strong delivery capability as we work to modernize financial institutions by building on the most trusted, industry-leading technology solutions.'
Yahoo
12-05-2025
- Business
- Yahoo
Huawei Cloud Announces Strategic MoU with Silverlake and GlobeOSS to Accelerate Digital Transformation Across Industries
PHUKET, Thailand, May 12, 2025 /PRNewswire/ -- Huawei Cloud has announced two major Memorandums of Understanding (MoUs) with Silverlake, a leading financial services solutions provider, and GlobeOSS, a specialized big data service partner at the Huawei Cloud APAC Partner Summit 2025. These collaborations aim to accelerate innovation in core banking and big data solutions, offering customers more comprehensive solutions. Distinguished guests at the signing ceremony included Sunny Shang, President of Huawei Cloud APAC, Wei Yuxiong, Vice President of Huawei Cloud Malaysia, David Lim, Co-CEO of Silverlake, Cassandra Goh, CEO of Silverlake, PK Lim, CTO of GlobeOSS, and Ann Wan Kuan, CEO of GlobeOSS. Huawei Cloud & Silverlake: Revolutionizing Core Banking "We are excited to partner with Huawei Cloud. This collaboration is a strategic step forward in developing a new generation of banking solutions and infrastructure that is cohesive and truly AI native," said Cassandra Goh, CEO of Silverlake. By integrating our financial technology domain expertise with Silverlake CgW's AI platform and Huawei's cloud infrastructure, we aim to help financial institutions reshape architecture, rethink processes, and redefine banking. This collaboration will streamline banking operations, enhance cybersecurity, and accelerate digital adoption among financial institutions. Silverlake will take on the role as an enterprise Software Partner, deploying customized solutions powered by Huawei's technology stack. Huawei Cloud & GlobeOSS: Advancing Big Data Solutions GlobeOSS will leverage Huawei Cloud's big data platforms and AI tools to develop tailored solutions for Carriers, Financial institutions, and Government sectors. As a Service Partner, GlobeOSS will provide outsourced big data project support, including analytics and implementation services for Huawei's clients. Key focus areas include predictive analytics, intelligent governance, and data-driven decision-making. This collaboration marks a deepening partnership between Huawei Cloud and industry-leading enterprises, driving technological innovation in the financial and big data sectors. It also strengthens the close cooperation within the ecosystem, providing greater momentum for global digital transformation. View original content to download multimedia: SOURCE Huawei Cloud APAC 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
