Credo Bank has successfully upgraded to the latest version of Temenos’ T24 core banking system.

The upgrade comprised moving the Georgia-based bank’s technology by four versions of T24.

Temenos completed this upgrade within three months in collaboration with its services partner Foranx.

Already, more than one million accounts are now running on latest Temenos software.

Credo Bank CIO Sandro Kumsiashvili said: “Upgrading to the current standard release ensures that we continue to operate on the most current technology, while also increasing efficiencies and reducing costs.”

Temenos director of sales Noah Kraehenmann said: “Collaboration is vital in order to achieve growth and the best customer outcomes, which is why we’ve made it a key facet of our strategy, with system integration firms like Foranx in order to deliver our platforms.”

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