Skip to content
Investment

Stanbic Partners With Orion To Strengthen Its Core Banking System

BY Soko Directory Team · May 21, 2024 05:05 pm

To provide an optimized banking experience, Stanbic Bank has begun upgrading its core banking system called Temenos 24 (T24). The upgraded system will move the Bank to the latest version. The upgrade process will be done in phases and will be complete by the end of the year.

Through this upgrade, Stanbic will be better equipped for continued agility and innovation, which will translate to a superior banking experience for clients, marked by high-performance features and services.

Dr. Joshua Oigara, Stanbic Bank Kenya and South Sudan Chief Executive said, ‘’ Technology and innovation are central to our continued growth in a highly digitized and complex banking environment. This upgrade adds to our technological capabilities and enables us to better serve our clients both on a local and global scale. We are proud to partner with Orion, and to leverage its strong background and expertise in driving system modernization.’’

Commenting on this, Stanbic Bank Kenya Head of Technology, Alex Siboe, said, ‘’ Transforming customer experience through technology is at the cornerstone of the bank’s strategy.  Aligned with our objective of delivering exceptional client experiences and superior value, we consistently work towards adopting the right technologies to drive efficiency and satisfaction for our clients. This upgrade fits into our digital transformation journey and will help us provide a seamless and superior banking experience to our customers. Furthermore, through this upgrade, we will not only enhance our operational efficiency but also offer innovative services to our customers, meeting their evolving needs in today’s digital era.”

To deliver this great milestone, the Bank has partnered with Orion Innovation Trading as Banktech Software Services Ltd, which is a US-based technology company specializing in digital transformative business solutions rooted in digital strategy, experience design, and engineering.

“Our team continues to make inroads into the African Financial Services market as we help fuel digital innovation in the region,” says Anoop Gala, Orion’s Global Head of Financial Services. “The deal is another testament to our commitment to fostering growth and modernization in Africa’s financial sector.”

Suchen Janjale, Orion’s Head of Financial Services in Europe, said, “Our comprehensive offerings around Temenos, coupled with our proven track record in efficient and successful upgrades and integrations, were instrumental in Stanbic’s decision to choose Orion as its trusted partner.

Read Also: Stanbic Bank Facilitates Kenyan Businesses’ Access To China’s Thriving Market

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

Trending Stories
Government and Policy In Two Years of President Ibrahim Traoré: The Renaissance Of Burkina Faso And The Dawn Of An African Awakening Steve Biko Wafula
Lifestyle 20X Entrepreneur Launches ‘Chanuka, Jipange Na Opportunities’ Initiative To Empower Kenya’s Informal Sector Soko Directory Team
Entrepreneur's Corner Looking For A Job? NCBA Has Multiple Offers For You. Apply Now Soko Directory Team
Investment Make Big Moves With Affordable And Flexible Loans Soko Directory Team
Lifestyle MediPal Medical Suppliers Launches The Sale Of Point-Of-Care Ultrasound Soko Directory Team
Related Articles
Investment Dear Crypto Merchant, Here Is How To Keep Yourself Safe From Community Group Scams Soko Directory Team
Investment Inside Spiro Kenya’s Plan To Introduce 50,000 Electric Motorbikes In Kenya This Year Soko Directory Team
Investment SeamlessHR Raises Additional $9 Million From The Gates Foundation And Helios Soko Directory Team
Investment HF Group Plc Celebrates Bell Ringing Ceremony Following Successful Rights Issue Soko Directory Team
Investment 25 Japanese Companies Want To Invest At Tatu City SEZ Soko Directory Team
Explore Soko Directory
Banking Blogging Commodity Watch Did you know Entertainment Entrepreneur's Corner Feature Government and Policy Headlines Investment Lifestyle Market News Money Opinion Press Releases Stock Watch Technology
Soko Directory Archives