Temenos extends Arab Bank relationship.
Global Banking News-November 7, 2018--Temenos extends Arab Bank relationship
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Global Banking News - 07 November 2018
Temenos (SIX: TEMN), a firm that provides banking software, has said that it has extended its banking relationship with Arab Bank for Investment and Trade (Al Masraf).
The bank, which has already implemented Temenos T24 Core Banking in 2017, has now licensed the Temenos Learning Community (TLC) Engine, which is a banking-specific digital change-management and training platform.
Al Masraf offers a full range of corporate, Islamic and commercial banking services throughout the United Arab Emirates.
Dale Thomas, director of the Temenos Learning Community said, 'We are delighted to continue to build a strong partnership with the team at Al Masraf and further support them in their digital transformation project. With over 3,000 customers around the world, we've found that the key to a project's success is staff engagement, knowledge, and the ability to use the new system to its full potential. TLC Engine is specifically designed for financial institutions, to serve as a foundation for change management and training. TLC Engine will provide Al Masraf with a channel to educate staff on Temenos technology, and help them establish best practices within the system based on the Temenos Standard Operating Procedures, paving the way for a smooth transition as the bank implements Temenos T24 Core Banking.'
The TLC Engine can be used by financial institutions to record and update unique business processes.
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