Bank ABC taps Temenos and NdcTech for core banking overhaul
Bahrain’s Bank ABC has tapped core banking vendor Temenos and its regional implementation partner, NdcTech, to upgrade its core banking systems for its retail, corporate and wholesale businesses.
Bank ABC to implement Temenos’ retail core banking solution
The pair will also support the development of Bank ABC’s ila Bank, a digital mobile-only challenger, which will be powered by Temenos’ core banking platform on the cloud. The first phase of the project will see Bank ABC implement Temenos’ retail core banking solution and origination on Infinity for ila Bank.
Consolidating its legacy systems across 15 countries on the cloud will allow Bank ABC to scale efficiently and lower its operational costs across its retail and wholesale banking operations, Temenos says.
The transformation project will be implemented by NdcTech, which will also provide end-to-end managed services to enable Bank ABC to run its operations on the cloud.
Bank ABC acting group CEO Sael Al Waary says consolidating the bank’s systems will provide a foundation for growth and will enable the firm to “become even more responsive and adaptive to our clients’ ever-evolving needs”.
NdcTech CEO and president Ammara Masood adds the upgrade will allow Bank ABC “to innovate faster” and expand while successfully meeting sustainability commitments.
