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Temenos partners with Libyan private bank

Theo Osborn | 16:58 Wednesday 31st October 2018

Banking software company Temenos has announced that Alejma’a Alarabi Bank has chosen Temenos T24 core banking to renovate its IT infrastructure.

The Libyan bank has also opted for a host of additional solutions, including Islamic banking capabilities, analytics and reporting, financial crime mitigation, front-office suite and payments hub.

The software will be implemented by Prema Consulting and support the bank in its growth ambitions and vision to offer class-leading services to its customers.

Alejma’a Alarabi Bank operates as a commercial bank offering a range of products and has over 77,000 customers.

Hussein Zarrugh, head of project management at Alejma’a Alarabi Bank, said: “Our bank’s vision is to become the leading private bank in Libya.

“We selected Temenos as our strategic partner to power our digital transformation due to its strong reputation in the country and for its global expertise.

“We were impressed with the breadth and depth of functionality of Temenos’s digital banking platform and feel confident that with Temenos we can innovate now and in the future.”

Jean-Paul Mergeai, managing director of Middle East and Africa at Temenos, added: "We are delighted to support Alejma’a Alarabi Bank to fulfil its digital visions and offer the highest quality of products and services to its customers.

“The Libyan banking industry is opening up, and we have developed a strong reputation and expertise in this market.

“We are best placed to support financial institutions with their core banking renovation projects as they expand into the digital era.”

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