IIG Bank (Malta) has gone live with several solutions from Temenos to drive operational efficiency.

The bank opted for the vendor’s core banking platform Temenos T24 Transact as well as front office product Temenos Infinity.

Besides, it implemented the Financial Crime Mitigation module that is integrated within Temenos T24 Transact.

The solutions replace the bank’s legacy systems.

Temenos managing director for Europe Steen Jensen said: “IIG Bank understood how our packaged, scalable, cloud-native banking software would benefit its operations.

“The bank can enter the new era of corporate banking and extend its range of services, reach a wider client base, develop new products and bring them to market quickly, to grow its business.”

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With the new solutions, the bank aims to improve its treasury cash management, deposit accounts, documentary credit and trade finance capabilities.

The enhanced functions are said to support product expansion at the bank and bring products to market faster.

According to the vendor, its technology will also improve regulatory compliance.

IIG Bank managing director and CEO Raymond Busuttil said: “We are already seeing significant improvement which will enable further growth for IIG Bank.

“Corporate customers are demanding more from their banking experience and expect a seamless customer journey. We selected Temenos to future-proof our operations, enabling us to deliver a great customer experience going forward.”