Kigali, Rwanda - Rwanda’s largest bank by assets and market
share, the Bank of Kigali has gone live on Temenos, according to the banking
software company Temenos.
The Bank of Kigali now has its core banking system on Temenos open platform for composable
banking allowing the bank to break free from legacy constraints and accelerate
its digital transformation.
According to a statement, the bank of Kigali can now quickly expand its
digital channels and engagement to deliver faster, smarter customer
experiences.
“Powered by Temenos, Bank of Kigali aims to double its retail and SME
customer base to over one million in the next year through increased automation
and new digital services such as payroll loans and enhanced mobile offerings,”
it said.
“The Temenos
platform, including Financial Crime Mitigation (FCM) solution, was implemented
by Temenos partners Inlaks and MCB Consulting. With integrated core banking and
data management capabilities, the bank can deliver a smooth customer experience
with controlled risk, the statement added.
The Chief Executive Officer of Bank of Kigali Dr. Diane Karusisi said in
the statement “We are delighted to be live on Temenos, the modern technology
platform of choice for banks worldwide. Temenos is crucial to our vision of
giving anyone, anywhere, the best customer experience through digital and retaining
our position as the leader in the country. We also benefit from a wealth of
insight and information on banks worldwide as part of the Temenos Value
Benchmark that helps us understand, accelerate, and optimize the business value
created by our technology investment. I commend our staff and the support of
Temenos, Inlaks, and MCBC for their hard work in ensuring this go-live went as
planned despite all the constraints brought by COVID-19 in the past two years.
We can now propel our product innovation and lead the way in digital financial
services while benefiting from increased automation to achieve operational
efficiency.”
Jean-Paul Mergeai, President EMEA - APAC, Temenos, said: “Congratulations to the team at Bank of Kigali. The go-live on Temenos is
a major milestone for the bank and its customers. Rwanda has bet big on
digitization to accelerate growth and reduce poverty with some of the highest
rates of coverage for mobile broadband on the continent. Bank of Kigali has
similarly bold ambitions for digital transformation to improve the financial
lives of all Rwandans. A modern banking platform is vital to thrive in the
world of instant, always-on digital banking, and Temenos is proud to support
the bank to realize its vision.”
Kyari Bukar, CEO, African Operations, Inlaks, added: “As a Temenos partner, we have built our expertise and
reputation supporting the growth and digital advancement of core banking
operations in the East African region and beyond. Bank of Kigali will benefit
immensely from the implementation as the automation of its banking processes
will strengthen the effectiveness and performance of its core banking system.
Kigali is a key growth market and Inlaks is fully committed to working as a
trusted partner with the bank now and into the future”.Jean-Michel Félix, CEO of MCB Consulting, added: “Congratulations
to the whole team of Bank of Kigali, who worked tirelessly and brilliantly to
go live on Temenos’s core banking system. This upgrade is a major shift for the
Bank of Kigali and quite a milestone, which will undeniably be instrumental in
the bank’s growth as it expands its business over time and develops new
activities for its customers. Bank of Kigali is grooming itself to be a
state-of-the-art bank as part of its digital transformation program. As a
trusted and long-standing partner of Temenos, we are honored to have
accompanied the bank over the past two years, and particularly on a remote
basis during the pandemic, leading to this successful go-live.”
