Egyptian bank ADCB-Egypt has extended its collaboration with Temenos to deliver next-generation digital payments on the latter’s open platform for composable banking.
The bank - a subsidiary of Abu Dhabi Commercial Bank Group - will compose payments solutions to adopt new global standards such as ISO20022 and SWIFT GPI and power new payment offerings, including instant and cross-border payments, for its retail and business customers.
With Temenos, ADCB Egypt will benefit from the agility and flexibility to process payments instantly from any channel, local or international, all in real-time. The bank will also compose digital banking solutions with the latest core banking capabilities to streamline and automate its treasury management lifecycle.
Ihab ElSewerky, Managing Director & CEO, ADCB-Egypt, said: “This new step of our existing collaboration with Temenos will empower the bank’s internal systems as the new instant payments solutions. The technological upgrades will always keep us ahead in offering our customers the best-in-class service quality and comply with regulatory directives.”
Jean-Paul Mergeai, President – EMEA-APAC, Temenos, said: “With Temenos, [ADCB] has created a modern, customer-centric digital bank that can innovate fast and deliver outstanding customer experiences.”