Tuesday, January 31, 2023
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

Temenos to drive AIB’s digital growth, financial inclusion

Jimoh Peters by Jimoh Peters
January 5, 2021
in Markets & Companies
0
Why Ponzi schemes are unstoppable in Nigeria
0
SHARES
70
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

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

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

Afrinvest Asset gets A3 Rating, Agusto assigns A

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:

  • Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands
    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing…
  • Absence of sacrifice hurting our polity, elections – Enechionyia
    Absence of sacrifice hurting our polity, elections –…
  • Scholarly opportunities in W’Africa and youth development
    Scholarly opportunities in W’Africa and youth development

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.”

Tags: AIB’s digital growthFinancial inclusionTemenos

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

Unsubscribe
Jimoh Peters

Jimoh Peters

Related Posts

Brands in Nigeria
Front Page

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

January 25, 2023
Afrinvest Asset
Front Page

Afrinvest Asset gets A3 Rating, Agusto assigns A

December 5, 2022
NGX ASI closes in green
Front Page

NGX ASI closes in green with 1.22% increase

November 21, 2022
NGX ASI closes in green
Front Page

NGX ASI dips by 0.68%, closes at N23.949tn

November 14, 2022
NGX ASI closes in green
Front Page

Bullish move heralds NGX Nov trade

November 7, 2022
NGX ASI closes in green
Front Page

NGX ASI closes in red

October 31, 2022
Next Post
83 countries received $165bn loan from IMF

AFC secures $250m loan from US government


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Zelenskyy

Zelenskyy names Ezekwesili, others ‘Grain from Ukraine’ envoys

January 27, 2023
Absence of sacrifice hurting our polity, elections – Enechionyia

Absence of sacrifice hurting our polity, elections – Enechionyia

January 26, 2023
Brands in Nigeria

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

January 25, 2023
Rhodes Scholarships

Scholarly opportunities in W’Africa and youth development

January 24, 2023
Christmas and New Year holidays

Frustration of bank customers during public holidays

January 17, 2023

OAA agency celebrates as founder joins tourism experts

January 14, 2023
Ehizua Hub

Ehizua Hub, Igbinedion launch IUO Okada Hub

January 14, 2023

TRENDING

  • Brands in Nigeria

    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

    0 shares
    Share 0 Tweet 0
  • Absence of sacrifice hurting our polity, elections – Enechionyia

    0 shares
    Share 0 Tweet 0
  • Scholarly opportunities in W’Africa and youth development

    0 shares
    Share 0 Tweet 0
  • Case for petty trading and investment in Nigeria

    0 shares
    Share 0 Tweet 0
  • The world of hire purchase transporters in Lagos

    2 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS