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Arab Tunisian Bank Selects Temenos to Drive Digital Transformation and Future Growth

Temenos, the banking software company, has announced that the Arab Tunisian Bank (ATB) has become the latest bank in the country to select Temenos for its digital transformation programme.

ATB will transform its bank with Temenos Infinity, the breakthrough digital front office product, and Temenos T24 Transact, the next generation core banking software. These two banking software products combined with Temenos Payments Hub, Advanced Analytics and Financial Crime Mitigation (FCM) will enable ATB to benefit from an end-to-end digital banking platform, which will bring business agility and innovation.

ATB selected Temenos for its packaged model bank functionality and advanced cloud technology to meet its objectives, which are to increase revenues by 40% in 2020, and double the total number of deposits with new product launches. The bank was looking for an open, API-first and robust digital banking platform to help achieve its plans for future growth. ATB also selected Information Technologies Solutions & Services (ITSS) as its implementation partner. The bank will leverage ITSS global experience and local expertise in Tunisia for a fast and predictable implementation.

In many cases in emerging economies, banks are not burdened with complex legacy systems and are able to leapfrog the market and adopt innovation faster

As emerging economies, like Tunisia, are rapidly driving financial innovation, TFT asked Laurent Bramy (Regional Director, Temenos) if the more developed economies of the West are slowed down by their antiquated legacy institutions. Bramy replied:

“In many cases in emerging economies, banks are not burdened with complex legacy systems and are able to leapfrog the market and adopt innovation faster. Additionally, in developing economies, the retail customers of the banks are more likely to be ready to move faster, and adopt innovative and mobile technology.

Banks in Tunisia, for example, are looking to transform not just from an IT perspective, but also to reposition themselves or as part of a more complex, wider transformation. For example, Banque Internationale Arabe de Tunisie leveraged this to redesign its branches, move towards a centralised system as opposed to a branch system, launch new products and services, and expand, thanks to the cost savings made. By making the transformation, it was able to save on running costs and as a result make significant investment elsewhere.”

With many legacy banks encumbered by obsolete technology, Bramy concluded:

“In a recent report conducted by the Economist Intelligence Unit, data showed that banks around the world are focusing their digital investment on cloud-based technologies (35%) and developing AI platforms (26%), showing a global focus on innovation, improving agility, and enhancing the digital banking experience.”


  • Editorial Director of the The Fintech Times

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