Temenos gains new live site in Lebanon
A new bank in Lebanon – Saradar Bank – formed as a result of a merger of Banque de l’Industrie et du Travail (BIT) and Near East Commercial Bank (NECB), has gone live with Temenos’ T24 core banking system.
Saradar Bank offers private, commercial and retail banking services.
Prior to the merger, BIT was a long-standing user of the SAB AT system from another core banking software provider, SAB.
Meanwhile, NECB signed for T24 in 2015. It also took Temenos Connect for digital banking channels and Insight BI for business intelligence and analytics.
BIT and NECB united in mid-2016 as Saradar Bank.
T24 has replaced the new bank’s “multi-system environment with a single, centralised core banking system”, Temenos says.
There was a “big bang” go-live, the vendor adds, “for instant and synchronised impact”. The project was led by Temenos and supported by its regional system integrator and partner, BankerWay.