Friday, January 22, 2021
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • Innovation
  • MSME
  • Empire
  • Opinion
  • Cultural Currents
  • Features
  • AE Magazine
  • Corporate Rendezvous
Financial Street - Latest Business News
No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • Innovation
  • MSME
  • Empire
  • Opinion
  • Cultural Currents
  • Features
  • AE Magazine
  • Corporate Rendezvous
Financial Street - Latest Business News
No Result
View All Result

Temenos to drive AIB’s digital growth, financial inclusion

by Jimoh Peters
January 5, 2021
in Markets & Companies
0
Why Ponzi schemes are unstoppable in Nigeria
0
SHARES
18
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp
  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Arab Investment Bank has selected Temenos to power its digital customer experience.

AIB said it chose the “market-leading capabilities” of Temenos Infinity and Temenos Payments to improve performance, drive its digital growth strategy, and provide a boost to financial inclusion for millions of Egyptians.

READ ALSO

Wari to begin cross-border remittance in Africa, other continents

ayoba assures users of privacy, security protection

The bank, which is among one of the fastest-growing banks in Egypt, provides personal and business banking products as well as investment and Islamic banking services.

Read Also:

  • Good governance is 'speed dial' for greater tax paymentsGood governance is 'speed dial' for greater tax payments
  • Rethinking oil, gas licensing in AfricaRethinking oil, gas licensing in Africa
  • BoK moves to Temenos digital banking platformBoK moves to Temenos digital banking platform

With Temenos Infinity, the bank disclosed that it had embarked on a digital transformation journey to make banking and financial services easier, faster, and more accessible for all Egyptians. Egypt has an adult population of over 67m and while over 90 per cent have a mobile phone, only one in three has a bank account and less than six per cent made digital payments in the last year.

According to a statement by the bank, AIB already uses Temenos Transact as its core banking technology. Now, with Temenos Infinity, the bank noted that it “benefits” from the leading omnichannel digital banking product covering customer engagement from acquisition, to account servicing, through to long-term retention.

“Based on Arab Investment Bank’s strategy, we chose to partner Temenos to lead our digital transformation, not only because it has the most advanced technology, but also for its strong presence in the region and its reputation for rapid implementation and time to value. With support from Temenos, Arab Investment Bank is on a path to becoming a world-class digital bank.

“Digital channels are vital to achieving our growth goals and Temenos’ advanced technology will enable us to design and execute a holistic model to support digital acquisition, onboarding, engagement, and cross-selling,” said the bank’s board of directors.

Temenos’ Managing Director (Middle East & Africa), Jean-Paul Mergeai, said about the partnership, “Temenos is proud to support Arab Investment Bank in its bold mission to improve access to digital banking services in Egypt.

“The suite of Temenos products deployed by Arab Investment Bank provides an agile platform to move forward at speed with its digital ambitions. By making it easier to open a bank account, receive and make digital payments, our technology is helping Arab Investment Bank dramatically improve the lives of 44 million Egyptians who currently do not have a bank account.”

close

Check your inbox or spam folder to confirm your subscription.

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: AIB’s digital growthFinancial inclusionTemenos

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

Wari to begin cross-border remittance in Africa, other continents
Markets & Companies

Wari to begin cross-border remittance in Africa, other continents

January 22, 2021
ayoba assures users of privacy, security protection
Markets & Companies

ayoba assures users of privacy, security protection

January 20, 2021
GSK, Novartis support Africa's scientific research with $3.6m grant
Markets & Companies

GSK, Novartis support Africa’s scientific research with $3.6m grant

January 20, 2021
Tizeti rolls out 4G LTE in Edo
Markets & Companies

Tizeti rolls out 4G LTE in Edo

January 20, 2021
MultiChoice offers DStv Step Up, discount on GOtv Max
Markets & Companies

MultiChoice offers DStv Step Up, discount on GOtv Max

January 15, 2021
NBS: Nigeria’s capital importation stood at $1.46bn in Q3
Markets & Companies

DHL invests 126.5m rand in new facility

January 13, 2021
Next Post
83 countries received $165bn loan from IMF

AFC secures $250m loan from US government

RECENT STORIES

Wari to begin cross-border remittance in Africa, other continents

Wari to begin cross-border remittance in Africa, other continents

January 22, 2021
Good governance is 'speed dial' for greater tax payments

Good governance is ‘speed dial’ for greater tax payments

January 22, 2021
Global Islamic 'finance assets' to hit $3.69tn

ITFC approves $10m for SME financing in Uzbekistan

January 22, 2021
Senegal to host W’Africa energy investment summit in October

Senegal to host W’Africa energy investment summit in October

January 21, 2021
Role of technology in unlocking East Africa’s trade value

Role of technology in unlocking East Africa’s trade value

January 21, 2021
Group outlines AfCFTA gains in sports, media, showbiz

Group outlines AfCFTA gains in sports, media, showbiz

January 21, 2021
ITFC, EBL sign pact to support SMEs in Bangladesh

ITFC, EBL sign pact to support SMEs in Bangladesh

January 21, 2021

TRENDING

  • Senegal heavy fuel use hurting earth, says Fortesa boss

    Senegal heavy fuel use hurting earth, says Fortesa boss

    0 shares
    Share 0 Tweet 0
  • Buhari to inaugurate national oil centre – DPR

    0 shares
    Share 0 Tweet 0
  • #FixPolitics unveils school of politics, says initiative ‘not about 2023 election’

    0 shares
    Share 0 Tweet 0
  • CIBN to hold seventh national economic outlook 

    0 shares
    Share 0 Tweet 0
  • ‘Billions At Play’ prescribes solutions for Africa’s energy sector

    0 shares
    Share 0 Tweet 0
Financial Street - Latest Business News

© Financial Street 2020. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • Innovation
  • MSME
  • Empire
  • Opinion
  • Cultural Currents
  • Features
  • AE Magazine
  • Corporate Rendezvous