{"id":9592,"date":"2016-11-18T14:07:08","date_gmt":"2016-11-18T13:07:08","guid":{"rendered":"http:\/\/nationalwire.com.ng\/?p=9592"},"modified":"2016-11-18T14:07:08","modified_gmt":"2016-11-18T13:07:08","slug":"sterling-bank-completes-temenos-it-transformation-project-rolls-out-core-banking-solution-across-185-branches","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/sterling-bank-completes-temenos-it-transformation-project-rolls-out-core-banking-solution-across-185-branches\/","title":{"rendered":"Sterling Bank Completes Temenos IT Transformation Project \u2026Rolls out Core Banking Solution across 185 branches"},"content":{"rendered":"

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MD Sterling-Bank-Yemi-Adeola<\/figcaption><\/figure>\n

Sterling Bank Completes Temenos IT Transformation Project<\/strong><\/p>\n

\u2026Rolls out Core Banking Solution across 185 branches<\/strong><\/p>\n

Software specialist for banking and finance, Temenos (SIX: TEMN), has announced that Sterling Bank Plc, has successfully gone live with Temenos UniversalSuite, just as it\u00a0\u00a0\u00a0simultaneously rolls out Temenos Core Banking Solution across 185 branches.<\/p>\n

The Geneva based software specialist in a statement made available over the weekend explained that \u00a0the Bank\u2019s move to replace its existing legacy systems with Temenos core banking solution will support ambitious growth plans, including reaching customers in new geographical locations and improve its ability to bring new products to market.<\/p>\n

\u201cThe bank went live with an ambitious \u2018Big Bang Approach\u2019 across all its 185 branches simultaneously, allowing the whole business to benefit from the new technology in the quickest time frame\u201d. Temenos said in the statement.<\/p>\n

Jean Paul Mergeai, Regional Director at Temenos commented: \u201cWe are very pleased with Sterling Bank\u2019s trust in our products and services which will enable the bank to execute its growth plans \u2013 attracting new niche customers and expanding regional operations.\u00a0By selecting Temenos core-banking solution to underpin its IT transformation, Sterling Bank is leveraging the technology that should give them a competitive edge in a fast moving market, increase operational efficiency, reduce risks and improve customer service.\u00a0I would like to congratulate Sterling Bank on the achievement and delivery of such an important program and milestone.\u201d<\/p>

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Yemi Adeola, the Sterling Bank\u2019s Managing Director and Chief Executive in the statement also commented: \u201cTechnology has become the backbone of the global banking system today and as an institution, we are committed to continuously making the necessary investments to ensure we deliver the one-customer experience to all our customers. Our choice of Temenos is founded on their impressive track record and reliable service delivery; a trait synonymous with the core values we hold dear\u201d.<\/p>\n

Temenos Group AG (SIX: TEMN), headquartered in Geneva, is a market leading software provider, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 2,000 firms across the globe, including 38 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers. Temenos customers are proven to be more profitable than their peers: over a seven year period, they enjoyed on average a 31% higher return on assets, a 36% higher return on equity and an 8.6 percentage point lower cost\/income ratio than banks running legacy applications.<\/p>\n

\u00a0<\/strong>Sterling Bank Plc, \u201cthe one-customer bank\u201d, is a full-service Nigerian commercial bank with an asset base above N890 billion, over 187 business offices and more than 800 ATMs across Nigeria. In over 55 years of service, Sterling Bank has evolved from the nation\u2019s pre-eminent investment banking institution to a fully-fledged commercial bank. Furthermore, with a strong national presence, Sterling Bank is one of the top 30 most capitalized institutions on the Nigerian Stock Exchange. The bank also remains one of Nigeria\u2019s fastest growing banks and is recognized as a dynamic financial services organization.<\/p>\n

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\u00a0 Sterling Bank Completes Temenos IT Transformation Project \u2026Rolls out Core Banking Solution across 185 branches Software specialist for banking and finance, Temenos (SIX: TEMN), has announced that Sterling Bank Plc, has successfully gone live with Temenos UniversalSuite, just as it\u00a0\u00a0\u00a0simultaneously rolls out Temenos Core Banking Solution across 185 branches. The Geneva based software specialist …<\/p>\n","protected":false},"author":11,"featured_media":8189,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17,624],"tags":[36,740,1206,575,757],"coauthors":[2392,2393],"class_list":["post-9592","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","category-politics","tag-cbn","tag-nse","tag-pencom","tag-sec","tag-sterling-bank"],"yoast_head":"\nSterling Bank Completes Temenos IT Transformation Project \u2026Rolls out Core Banking Solution across 185 branches - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/sterling-bank-completes-temenos-it-transformation-project-rolls-out-core-banking-solution-across-185-branches\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sterling Bank Completes Temenos IT Transformation Project \u2026Rolls out Core Banking Solution across 185 branches - National Wire\" \/>\n<meta property=\"og:description\" content=\"\u00a0 Sterling Bank Completes Temenos IT Transformation Project \u2026Rolls out Core Banking Solution across 185 branches Software specialist for banking and finance, Temenos (SIX: TEMN), has announced that Sterling Bank Plc, has successfully gone live with Temenos UniversalSuite, just as it\u00a0\u00a0\u00a0simultaneously rolls out Temenos Core Banking Solution across 185 branches. 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