Bank of Kigali Plc, Rwanda’s biggest bank by assets and market share, has gone live on banking software firm, Temenos’ portal, the latter announced yesterday. Substituting its core banking system with the Temenos open portal for computing banking allows the Bank of Kigali to cut loose from legacy restrictions and enhance its digital transformation.
Bank of Kigali on Temenos
Bank of Kigali can swiftly extend its digital conduits and engagement to facilitate swifter and smarter consumer experiences. Bank of Kigali, powered by Temenos, aims to expand its retail and SME consumer base two folds – to more than one million by 2023 via enhanced automation and new-fangled digital services like payroll loans and improved mobile offerings.
The Temenos portal, including Financial Crime Mitigation (FCM) solution, was executed by Temenos collaborators Inlaks and MCB Consulting. As a result, the bank delivers a seamless consumer experience with meticulous risk with core banking and data management capacities.
Chief Executive Officer of Bank of Kigali, Dr Diane Karusisi, stated that they were delighted to be live on the Temenos platform, a modern tech portal of choice for banks worldwide. Temenos is vital to the Bank of Kigali’s vision of giving anybody anywhere the best consumer experience via digital and retentive of its position as the nation’s pioneer. The firm also benefits from tremendous insight and information on banks across the world as a faction of the Temenos Value Benchmark that assists consumers to understand, accelerate, and augment the business worth fabricated by its technology investment.
Dr Karusisi lauded the Bank of Kigali’s staff and the assistance of Temenos, Inlaks, and MCBC for their hard work in guaranteeing that the go-live went as premeditated despite all the restrictions brought by COVID19 in the past two years. As a result, the bank now strives to propel its product innovation and lead the way in digital fiscal services whilst profiting from enhanced automation to accomplish operational competence.
President EMEA – APAC, Temenos, Jean-Paul Mergeai, expressed hearty congratulations to the team at the Bank of Kigali. The go-live on Temenos is a crucial milestone for the bank and its consumers. Rwanda has massively bet on digitisation to augment maturity and inhibit poverty with some of the most effective coverage rates for mobile broadband in Africa.
Bank of Kigali has comparably valiant ambitions for digital renovation to enhance the fiscal lives of all Rwandans. A contemporary banking portal is crucial to spontaneous, always-on digital banking, and Temenos is ecstatic to underpin the bank to realise its vision, Jean-Paul Mergeai stated.
The CEO of the African Operations at Inlaks, Kyari Bukar, stated that the Bank of Kigali would profit immaculately from the application as its automation of banking operations will augment its effectiveness and performance. Moreover, the Bank of Kigali is an important growth market, and Inlaks is committed to collaborating with the bank for years to come, Bukar stated.
CEO of MCB Consulting, Jean-Michel Félix, congratulated the Bank of Kigali team, who worked diligently and dazzlingly to go live on the Temenos portal. This up-gradation is crucial for the Bank of Kigali and a huge milestone, which will irrefutably be instrumental in the bank’s advancement as it extends its business over the years and includes new services to consumers.
The bank is preparing itself to be a state-of-the-art bank as a faction of its digital renovation program. As a trusted and enduring partner of Temenos, the firm was honoured to have joined hands with the bank over the past two years, Jean-Michel Félix stated.
