Close Menu
    What's Hot

    Transport Evolution Africa 2025 Champions Green Mobility & Inclusive Trade Corridors

    July 9, 2025

    Egypt’s Swypex Launches Approval‑Based Spend‑Control Card for SMEs

    July 7, 2025

    Ghana’s Complete Farmer Secures $2.5M from EU-Funded AgriFI Facility

    July 4, 2025
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      Salpha Energy Secures $1.3M to Expand Nigeria’s Solar Manufacturing Capacity

      June 6, 2025

      South Africa – Infrastructure Overhaul Set to Boost Transport and Trade

      May 16, 2025

      Navigating Challenges in the African Air Cargo Industry

      March 5, 2025
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Egypt’s Swypex Launches Approval‑Based Spend‑Control Card for SMEs

      July 7, 2025

      Liquify Secures $1.5M Seed Round to Unlock Trade Finance for African SMEs

      July 3, 2025

      Hizo Secures $100K Seed Round to Drive Intra‑Africa Payment Innovation

      June 30, 2025
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      DP World and Nedbank Elevate Trade Finance in Africa

      Finance Trade September 18, 2024
      Recent

      DP World and Nedbank Elevate Trade Finance in Africa

      September 18, 2024

      Arab Coordination Group commits $50 billion for Africa’s sustainable development

      November 13, 2023

      MENAT to see investment flows increase substantially

      September 4, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Banking

    Bank of Kigali Plc selects Temenos for digital transformation

    Bank of Kigali Plc chooses cloud-native, cloud-agnostic Temenos T24 Transact to provide end-to-end digital banking services to customers
    July 10, 20193 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bank of Kigali Plc has selected Temenos (SIX: TEMN) (www.BK.rw), the banking software company, to power its digital transformation journey in order to support its regional growth plans and realize its financial inclusion objectives.

    With Temenos (www.Temenos.com) packaged and upgradeable banking software, Bank of Kigali Plc will gain business agility and dramatically lower the cost of deployment. The bank will be able to deliver innovative products and services specifically to underserved segments of the economy and key population demographics like the youth and the unbanked.

    Bank of Kigali Plc plans to grow the number of customers to one million by 2021.Bank of Kigali Plc is transforming its legacy IT systems using Temenos T24 Transact, the next generation core banking software product, including the Advanced Analytics, Reporting, Risk and Compliance modules; additional capabilities will be provided by the Temenos Payments product.Incorporated in Rwanda on 22 December 1966 and a customer of Temenos since 2016, Bank of Kigali has grown to become the country’s largest commercial bank with a branch network of 68 locations, 99 ATM’s, 1,427 banking agents and over 1,200 staff. 

    Bank of Kigali Plc is currently looking to drive its transactional growth revenue through both retail and insurance and brokerage business. Temenos functionally rich and scalable banking software will help Bank of Kigali to simplify and automate its processes, significantly grow its digital banking customer base and provide a 360-degree customer view through a single digital banking platform. By implementing Temenos’ software, the bank will be able to introduce innovative products and services more quickly to support its growth ambitions and continue to pursue its vision of becoming the financial institution of choice.

    The bank will leverage Temenos’ global expertise and 25 years of banking software experience as well as Temenos’ commitment to invest 20 percent of revenues into research and development every year, which is the highest in the industry.

    Dr. Diane Karusisi, CEO of Bank of Kigali Plc, said: “We are excited to expand our relationship with Temenos, which will form the foundation to drive our three-year digital transformation strategy. Temenos’ cloud-native and cloud-agnostic banking software will help reduce deployment costs and drive simplicity and efficiency of operations. The new open digital banking platform will enable us to gain a deeper understanding of our customers’ needs and allow us to provide the best-in-class customer experience.”

    Jean-Paul Mergeai, Managing Director Middle East & Africa at Temenos, said: “As the bank’s technology partner during this exciting time of digital transformation, we look forward to working hand in hand with Bank of Kigali Plc as they strive to provide the most innovative financial solutions in the region. We believe that financial institutions can only become truly digital when they transform their end-to-end operations and we are the best provider to help them realize their digital vision.

    With Temenos’ most complete packaged functionality and advanced cloud technology, Bank of Kigali Plc will be in an ideal position to drastically reduce time to market and cost. At the same time the bank will be able to expand its digital customer base and promote financial inclusion both in Rwanda and throughout the region.” Temenos has a longstanding presence with 50+ customers in East Africa providing real-time and scalable banking software.

    Temenos has supported financial institutions address their evolving customer demands and regulatory requirements for more than 20 years in the region.

     

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleAU Commission calls for further financial input for NEPAD-IPPF
    Next Article AfDB, Portugal and Cabo Verde sign diversification MoU

    Related Posts

    Finance Trade

    DP World and Nedbank Elevate Trade Finance in Africa

    September 18, 2024
    Business Business & Trade Finance Trade

    Arab Coordination Group commits $50 billion for Africa’s sustainable development

    November 13, 2023
    Business Business & Trade Finance

    MENAT to see investment flows increase substantially

    September 4, 2023
    Add A Comment

    Comments are closed.

    LATEST STORIES

    Transport Evolution Africa 2025 Champions Green Mobility & Inclusive Trade Corridors

    July 9, 2025

    Egypt’s Swypex Launches Approval‑Based Spend‑Control Card for SMEs

    July 7, 2025

    Ghana’s Complete Farmer Secures $2.5M from EU-Funded AgriFI Facility

    July 4, 2025

    Liquify Secures $1.5M Seed Round to Unlock Trade Finance for African SMEs

    July 3, 2025

    Hizo Secures $100K Seed Round to Drive Intra‑Africa Payment Innovation

    June 30, 2025
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.