Bank ABC and mobile-only subsidiary ila Bank to replace core architecture with Temenos

Bank ABC and mobile-only subsidiary ila Bank to replace core architecture with Temenos

Mena-based Bank ABC is to replace its legacy core banking systems in 22 markets and power its mobile-only subsidiary ila Bank with a single instance of of the Temenos platform hosted in the cloud.

Consolidating multiple back-end systems on the Temenos platform in the Cloud will provide the bank with a single dashboard and complete 360-degree customer view across business lines and geographies.

The first phase of the project is the implementation of Temenos retail core and origination on Infinity for ila Bank. This will replace current systems for the digital mobile-only offering in Bahrain and provide the agile foundation for planned greenfield expansion. The bank intends to take advantage of Infinity's API-first architecture to extends it range of services into the fast-growing open banking market.

Ismail Mokhtar, group chief operating officer, Bank ABC comments: "Temenos’