Cairo Amman Bank goes live with jBASE technology in Jordan's largest ever core banking roll-out
Temenos announced that Cairo Amman Bank, a full service bank with 106 branches in Jordan and Palestine, has gone live with T24™, Temenos' award-winning core banking system based on jBASE technology. The deployment of T24 replaces the bank's legacy core banking system and consolidates multiple banking modules. Through centralizing its operations, Cairo Amman Bank expects to see immediate improvements in operational efficiency including automation of Real Time Gross Settlement payments, freeing up a team of people to support additional growth in the business and laying the infrastructure to support sustained growth in income and profitability.
June 2012 saw Cairo Amman Bank's Abu Nseir branch go-live as a pilot branch, followed by Treasury department operations in October 2012. The Zara Mall branch underwent the implementation of a model branch in March 2013 and the remaining 84 branches in Jordan and 21 in Palestine are scheduled to go live by the end of 2013. As part of the move to T24, the bank is also installing a Temenos' anti-money laundering (AML) screening solution.
Cairo Amman Bank selected T24 based upon Temenos' deep understanding of the local banking market and its proven track record of implementation of modern technological IT banking modules and support systems.
Kamal Al-Bakri, General Manager, Cairo Amman Bank says: "Temenos has delivered Cairo Amman Bank a modern, best-in-class core system, pivotal to the future success of the bank. We have invested in T24 to centralize and unify our core platform, eliminating complexity and lowering total cost of ownership. With T24 we now have an open and modern platform that integrates and interfaces with any external system and has the flexibility and scalability to grow with us. We found in Temenos a like-minded, innovative partner, harnessing technology to provide a truly differentiating service."
According to Mr. Clive Ketteridge, General Manager of jBASE at TEMENOS, the underlying run-time and database of the bank's implementation is jBASE. "One of the prerequisites for TEMENOS' T24 banking application is the jBASE open connectivity technology integrated with the banking functionality and coupled with an open database such as Oracle, IBM's DB2, Microsoft's SQL Server or jBASE, which provides clients with numerous options with regard to future direction. This undoubtedly offers the stability Cairo Amman Bank was looking for in rolling out their solution. Our customers complement us often on the ease of deployment and ongoing housekeeping that jBASE affords."