Temenos said Bank ABC, a Bahrain-based international bank, has migrated its mobile-only digital bank, ila Bank, onto Temenos’ core banking platform hosted on Amazon Web Services (AWS), completing the first phase of the group’s wider core banking transformation programme.
The migration covers ila Bank’s retail account and lending operations and includes Temenos Payments and Data Hub.
Systems Limited, a Temenos Delivery Partner, delivered the implementation and will also provide end-to-end managed services for the platform.
Launched in 2019, ila Bank operates as a mobile-only bank in Bahrain.
Following the go-live, ila Bank’s core retail and lending systems now run on Temenos’ cloud-native core banking platform. The platform supports product development, scalability and system integration through APIs.
The move forms part of Bank ABC’s longer-term plan to consolidate multiple back-end systems across operations in fifteen countries. These systems will be brought onto a single Temenos core banking platform.
The bank said this will support operational efficiency and provide a consolidated customer view across business lines and geographies.
Ismail Mokhtar, Group Chief Operating Officer at Bank ABC, said:
“The go-live of ila Bank on Temenos’ cloud-native core banking system marks an important milestone in our transformation programme. It strengthens our ability to deliver digital capabilities more efficiently and provides a foundation for the group’s broader technology consolidation.”
Santhosh Rao, Managing Director for the Middle East and Africa at Temenos, said:
“We’re proud to support the growth of one of the region’s most dynamic digital banks with our cloud-native core banking and payments technology, and we look forward to bringing this agility and advanced functionality to more of Bank ABC.”
Systems Limited said the programme reflects Bank ABC’s approach to cloud-based core banking modernisation and multi-country deployments.
Featured image credit: Edited by Fintech News Middle East, based on image by freepik
