Temenos, the software specialist for
banking and finance, has announced that Sterling Bank Plc, has
successfully gone live with Temenos UniversalSuite, just as the bank
simultaneously rolled out Temenos Core Banking Solution across 185
branches.
The Geneva-based software specialist in a
statement explained that the bank’s move to replace its existing legacy
systems with Temenos core banking solution will support ambitious
growth plans, including reaching customers in new geographical locations
and improve its ability to bring new products to market.
“The bank went live with an ambitious
‘Big Bang Approach’ across all its 185 branches simultaneously, allowing
the whole business to benefit from the new technology in the quickest
time frame,” the statement added.
The Regional Director at Temenos, Jean
Paul Mergeai commented: “We are very pleased with Sterling Bank’s trust
in our products and services which will enable the bank to execute its
growth plans – attracting new niche customers and expanding regional
operations. By selecting Temenos core-banking solution to underpin its
IT transformation, Sterling Bank is leveraging the technology that
should give them a competitive edge in a fast moving market, increase
operational efficiency, reduce risks and improve customer service. I
would like to congratulate Sterling Bank on the achievement and delivery
of such an important program and milestone.”
On his part, Sterling Bank’s Managing
Director and Chief Executive, Yemi Adeola said: “Technology has become
the backbone of the global banking system today and as an institution,
we are committed to continuously making the necessary investments to
ensure we deliver the one-customer experience to all our customers. Our
choice of Temenos is founded on their impressive track record and
reliable service delivery; a trait synonymous with the core values we
hold dear.”
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