What's Hot

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023

    IATF – Cairo Selected as the venue for the 3rd Intra-African Trade Fair

    May 31, 2023

    AeTrade Group promotes job creation and digital inclusion to boost Intra-African trade

    May 30, 2023
    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

      Dangote refinery set to be commissioned in two weeks

      May 8, 2023

      An Nisa Taxi a Kenyan women-only taxi service to expand to Saudi Arabia

      May 4, 2023

      AD Ports Group invests Dhs955m to bolster its fleet

      May 1, 2023
    • 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

      IATF – Cairo Selected as the venue for the 3rd Intra-African Trade Fair

      May 31, 2023

      AeTrade Group promotes job creation and digital inclusion to boost Intra-African trade

      May 30, 2023

      DP World and Standard Bank to expand trade finance solutions in Africa

      May 30, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      Riyadh Valley Company invests in STV’s Total Growth Platform

      Business Finance April 4, 2023
      Recent

      Riyadh Valley Company invests in STV’s Total Growth Platform

      April 4, 2023

      South Africa’s Fin acquires Thuthukani

      March 24, 2023

      Fintech dominates African startup funding

      February 15, 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

    Business Finance

    Riyadh Valley Company invests in STV’s Total Growth Platform

    April 4, 2023
    Banking Business Finance

    South Africa’s Fin acquires Thuthukani

    March 24, 2023
    Business Finance Innovation Startups

    Fintech dominates African startup funding

    February 15, 2023
    Add A Comment

    Comments are closed.

    LATEST STORIES

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023

    IATF – Cairo Selected as the venue for the 3rd Intra-African Trade Fair

    May 31, 2023

    AeTrade Group promotes job creation and digital inclusion to boost Intra-African trade

    May 30, 2023

    DP World and Standard Bank to expand trade finance solutions in Africa

    May 30, 2023

    Cargoz secures bridge funding for expansion into KSA

    May 29, 2023
    • 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.