Temenos selected by its first public bank in Tunisia for digital transformation
Temenos, the banking software company, announced that Banque de l'Habitat (BH) has signed for T24 Core Banking, Payments, Channels, Analytics, Financial Crime Mitigation and Enterprise Risk Management. Banque de l'Habitat selected Temenos for its best-in-class technology, superior functionality, and the lowest total cost of ownership over a five-year span.
Banque de l'Habitat offers a diversified range of products and services targeted at individual and corporate customers. Services include private credit, corporate credit, short and long-term loans, payment facilities and international operations. Banque de l'Habitat 's continued growth underscored the need to overhaul its legacy systems in order to gain more agility, and enhanced portfolio and transform its business model.
The implementation will be managed in a single migration on T24 Core Banking, delivering maximum impact across business lines at all, followed by implementation of Analytics and Channels.
Ahmed Rjiba, CEO, Banque de l'Habitat, commented:
"We are delighted to partner with Temenos, and tap into its 25 years of expertise in delivering industry-leading banking technology. The implementation of Temenos' software will enable us to launch new products and services more quickly to our customers. The platform will provide the means for our growth ambitions and enable us to continue the course of our achievements in our new business model and evolving our offering. As a result, we will be able to continue to pursue our strategic vision, and further deliver our ambitions to be a leading universal bank. "
Laurent Bramy, Regional Director - French-Speaking Territories, Temenos, said:
"To date, Banque de l'Habitat is the market leader for mortgage loans in Tunisia, making it a key facet in the Tunisian economy. They are our eighth customer in the country, with our customer base ranging from retail to corporate to Islamic. By partnering with Temenos as it launches its digital transformation project, Banque de l'Habitat will deliver compelling banking experiences to its customers. The bank will benefit from our packaged, easily upgradeable technology, and a front-to-back solution that will not only benefit from new revenue streams but also lower its total cost of ownership. We are delighted to welcome Banque de l'Habitat as the eighth Temenos client in Tunisia, further consolidating our position and commitment in the country. "