In a significant move aimed at driving operational efficiency and enhancing customer service, Boubyan Bank has commenced the modernization of its core banking systems in partnership with Temenos, a globally renowned Swiss-based banking technology vendor. This strategic alliance is expected to
Choosing the right core banking solution has never been more crucial for financial institutions. As banks navigate the dual pressures of adopting artificial intelligence (AI) and migrating to cloud-native technologies, the need to modernize their core systems becomes evident. Recent findings from a
NBS Bank, a major financial institution in Malawi, recently made headlines by announcing its transition from the Temenos T24 core banking system to Oracle's Flexcube. This decision marks a significant technological shift for the bank, aligning with broader global trends in the banking
In the dynamic world of financial technology, the rapid evolution of technology has positioned traditional banking institutions at a crossroads. With an increasing demand for seamless digital experiences and innovative financial services, incumbent core banking systems are now facing significant
The banking industry is undergoing a significant transformation, spurred by technological advancements and the growing influence of fintech. The year 2024 marks a pivotal period where core banking operations are being revolutionized globally. This article delves into the various facets of this
Citigroup Global Markets Limited (CGML) faced a significant financial penalty from the UK's Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) due to a substantial failure in their trading systems and controls. This incident showcased the seriousness of operational
