BEA International Bank, a newly established French subsidiary of Banque Extérieure d’Algérie (BEA), has implemented Temenos Core Banking and Financial Crime Mitigation (FCM) software as a service (SaaS).

The cloud-based deployment aims to provide BEA International Bank with a scalable platform to enhance its banking services in the French market, supporting the company’s long-term growth objectives.

The bank’s launch is part of BEA’s expansion into Europe and includes new branches in Paris, Marseille, and Saint-Denis.

BEA International Bank secured approval from both the Autorité de Contrôle Prudentiel et de Résolution and the European Central Bank prior to its launch.

The bank will offer services such as current and savings accounts, mortgage financing, and support for local and international professionals and businesses.

BEA International Bank managing director Mohammed-Lamine Lebbou said:

“Launching BEA International Bank in France is a major milestone for us. Temenos SaaS simplified the deployment of the core banking functionality for our new operations and gives us the flexibility and scalability to deliver innovative services to our customers while supporting our long-term growth ambitions.”

The recent rollout included regulatory reporting tools configured for French compliance requirements.

The project utilised Temenos Country Model Bank accelerators for pre-configured compliance and faster deployment.

Delivery partner LTIMindtree worked alongside BEA International Bank and Temenos on the project.

Temenos MEA managing director Santhosh Rao added: “We are proud to support BEA International Bank in its successful launch in France. This go-live highlights Temenos’ strong track record of enabling banks across Europe to build and grow using the latest cloud core banking technology. We look forward to continuing our partnership as BEA International expands its presence in France and beyond.”

Last month, Bank of Beirut UK moved to the Temenos Core Banking and Payments platform.