Chinese Bank in KSA goes Live on Temenos Transact and Financial Crime Mitigation solution with NdcTech

Apr 15, 2015

PRESS RELEASE

Chinese bank in Saudi Arabia is LIVE on the latest version of Temenos Transact and Financial Crime Management solution. NdcTech, Temenos’ Regional Partner carried out the implementation seamlessly.

The Bank, which is the largest bank by total assets, has opened a branch in the capital city of Riyadh, making it the first Chinese bank with retail and corporate presence in the kingdom and the Bank’s fifth location in the Arab world. The challenge was to implement multiple products and local interfaces to ensure that System was ready for Live in the short timeframe as the Bank receives approval from Saudi Monetary Authority. Temenos Saudi Model bank is also implemented as part of the project which helped to accelerate the deployment.

Saudi Arabia is China’s largest partner in the Arabic area, an important investment destination and a major project contracting market, harvesting rapid growth and bilateral trade. The Bank expects to gain from the rich functionality the Temenos platform has to offer.

Khushali

Press Release Contacts

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