Capital Bank of Jordan has selected TEMENOS T24 (T24) of Geneva-based Temenos, a provider of integrated core banking systems, to support its expansion into the retail banking market.
With a new strategic focus on the retail banking market, Capital Bank of Jordan required a more flexible and scalable system. A system that could meet regulatory requirements, as well as provide the rapid delivery of new products and services to enable the bank to differentiate its offerings in the market. The bank says that by replacing the existing legacy systems and various sub-systems, T24 would reduce ongoing maintenance costs considerably and generate significant cost savings.
Haytham Kamhiyah, General Manager, Capital Bank of Jordan, said: “To achieve our goals in the retail banking market we needed to significantly improve the range of products and services that we were offering. T24 has a proven track record as a robust, 24×7 core banking system that will enable us to achieve these goals.”
Andreas Andreades, CEO, Temenos, said: “T24’s flexible architecture will enable the bank to stay ahead of changing customer, market and regulatory requirements, as well as providing a robust structure for management information and reporting to support key decision-making.”
Temenos Group is a global provider of banking software systems in the retail, corporate & correspondent, universal, private, islamic, and microfinance and community banking markets.
