This system upgrade brings Bank of Beirut UK’s operations in line with those of its parent institution, Bank of Beirut in Lebanon. Credit: David G40/ Shutterstock.com.

Bank of Beirut UK has transitioned to the Temenos Core Banking and Payments platform, completing the move from its previous system in a process that lasted just over 15 months.

Implementation was carried out in partnership with LTIMindtree, a Temenos delivery partner.

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With the new core banking system, Bank of Beirut UK is now positioned to provide a complete range of retail, commercial, and deposit products.

The platform also supports enhanced trade finance services for businesses engaged in cross-border activity.

Bank of Beirut UK CEO Sophoklis Argyrou said: “Migrating from a legacy system to Temenos’ modern core banking and payments platform allows us to scale our trade finance business and strengthen our corporate and retail banking proposition. We can now offer a broader portfolio of products and deliver superior customer experiences with greater speed and efficiency.”

This system upgrade brings Bank of Beirut UK’s operations in line with those of its parent institution, Bank of Beirut in Lebanon.

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Both entities now share a unified technological foundation, which is expected to streamline processes, lower operational costs and speed up time-to-market for new offerings.

Temenos Europe managing director Mark Yamin-Ali said: “This successful go-live shows Temenos’ unique strength to deliver comprehensive, regionalised solutions on a unified platform, helping banks in multiple markets to innovate and grow. We’re proud to welcome Bank of Beirut UK as a new Temenos client in Europe and to build on our long-standing relationship with Bank of Beirut.”

Earlier this month, Bahrain-based Bank ABC completed the migration of ila Bank, its digital subsidiary, to the Temenos platform hosted on Amazon Web Services.