Owing to the partnership enjoyed by Temenos and Inlaks, a Pan-African ICT infrastructure and systems integration company, its Temenos T24 Transact has gone live at Consolidated Bank of Ghana.
Inlaks made the announcement in a press release, noting that Temenos, a banking software company will henceforth drive Consolidated Bank Ghana Limited (CBG) operations in all 10 regions of Ghana with 120 branches.
“We are very pleased to have been a part of one of the greatest digital transformation strides in the history of Consolidated Bank Ghana Limited. CBG will benefit immensely from Temenos’ best-selling solutions which will strengthen and render more effective the performance of their core banking system. Being whole-heartedly committed to achieving our vision to be the foremost ICT provider in Sub-Saharan Africa, Inlaks, in collaboration with world-class OEMs like Temenos, will continuously support the growth and digital advancement of institutions in that region,” said Olufemi Muraino, Executive Director at Inlaks.
Also commenting, Jean-Paul Mergeai, Managing Director Middle East and Africa at Temenos commented: We are delighted to support Consolidated Bank of Ghana during this exciting time of integration and great progress. Bringing together the operations of multiple banks is a journey that Temenos is excited to be a part of and has extensive experience in around the globe and within the Middle East and African region specifically. By choosing Temenos T24 Transact, Consolidated Bank of Ghana have positioned themselves perfectly to future-proof their business as well as drive growth and accelerate product innovation. Ghana is a key growth market for Temenos and we are fully committed to working as a trusted partner with Consolidated Bank of Ghana now and well into the future.
Daniel Addo, the Managing Director, CBG also added that: “The joint effort of Inlaks and Temenos teams has indeed been commendable. We value all the benefits that the successful go-live of T24 has accrued to the banking operations since implementation. As we strive to be the preferred Ghanaian bank providing simple, secure and differentiated banking experience to customers, the completion of this migration project has further reinforced our strategy to attain that goal”.
Asides CBG Ghana, Inlaks has successfully implemented Temenos T24 Transact for various banks in Nigeria and Ghana. Consolidated Bank Ghana Limited (CBG) is an indigenous Ghanaian Universal Bank operational in all 10 regions of Ghana with 120 branches. After months of intensive development and testing, effective project planning and leadership, stakeholder support, strong governance and effective training, the project has been deemed successful.
Temenos T24 Transact is a cloud-native, cloud-agnostic and real-time core banking solution with exceptional functionality; offering services on Retail and Corporate Banking as well as Wealth Management sectors. With T24, the Consolidated Bank of Ghana is guaranteed to experience a dynamic shift in operational excellence. The banking solution is known to enhance increased flexibility and productivity, resulting in improved customer service, market for new products, substantial cost savings and improved speed/efficiency of implementation processes.