View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
October 1, 2018

Cameroon’s Afriland First Bank selects Temenos platform for digital transformation

Cameroon-based Afriland First Bank has selected the Temenos T24 Core Banking platform to support its digital transformation.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

Selected following a competitive evaluation, the solution will replace the bank’s old IT systems.

It is expected to improve its operating efficiency and enable it to introduce products and services swiftly.

Additionally, the bank will implement multiple other Temenos solutions including Front Office Suite, Analytics & Reporting and Payments Hub.

The deployment of Islamic banking capabilities is also part of its IT renovation programme.

Afriland First Bank president Jean Paulin Fonkoua Kake said: “We selected Temenos as our strategic technology partner because of their deep local expertise combined with the global experience in supporting digital transformation projects.

“Temenos’ digital banking platform will allow us to be at the forefront of innovation and offer world-class services to our clients.”

Founded in 1987 as Caisse Commune d’Epargne et d’Investissement, the bank has 40 branches across Cameroon.

It also has commercial operations in several other African nations such as Equatorial Guinea, South Sudan, Zambia, and others.

The digital transformation should enable Afriland First Bank to comply with  specific regulatory requirements of the UEMOA zone.

It will also help to fulfil the regulations followed at Central African Economic and Monetary Community (CEMAC) member countries.

Temenos Middle East & Africa managing director Jean-Paul Mergeai said: “Our integrated, real-time and scalable banking software helps financial institutions address the evolving customer demands and regulatory requirements.

“We look forward to working with Afriland First Bank as it transforms the services it offers to its customers.”

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Retail Banker International