Suriname-based Finabank has selected Temenos’ banking technology solutions in a bid to strengthen its business, retail and platinum banking services.

Finabank has signed to deploy Temenos T24 Core Banking system as well as other suites including Channels, Business Intelligence and Financial Crime Mitigation.

The deployment of Temenos’ technology is expected to support Finabank’s growth and help it to provide better services to its customers.

The usage of Temenos solutions will provide the bank with a user-friendly intuitive customer interaction design, help to cater to its multi-lingual customer base as well as give an insight into customer data.

Equipped with a flexible architecture, the solutions allow necessary customisation and integration to fulfil bank’s requirements.

Multiple security features including role-based authorisation and the use of biometrics for customer and user identification will also be implemented to secure bank’s data.

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Finabank will also have access to multiple Temenos’ fully automated and effective analytical modules that will assist to identify the chances of a financial crime.

Finabank CEO Eblein Frangie said: “At Finabank we seek to provide tailored financial solutions fully aligned with our customers’ needs.

“During our selection process, Temenos demonstrated a clear understanding of our business objectives, and how to achieve these with its proven technology.

“With the flexibility of the new platform, we will be able to respond to market needs and create new value-added products and services as we grow.

“Our customers will gain a modern front-end experience, with greater accessibility across channels, while receiving the value that comes from a secure, streamlined technology foundation on the back-end.”

The project will be implemented over an 18-24-month period.