Afribank embarked on the upgrade in response to wide spread market change in the Nigerian banking market, including increased regulatory requirements and demand for electronic banking products. âThis project is one of the smoothest implementations I have ever witnessed â delivered on time and budget with an enormous amount of support from everyone involved. We are already providing faster, improved services and 24x7 availability of electronic channels to our clients. As a fully upgradeable, integrated system, T24 provides end
to end functionality to support our entire spectrum of operational requirements across the front, middle and back office which will play an integral role in boosting our service capability and leveraging more efficient, automated business processesâ, commented Mr. Victor Oladapo, Head of IT, Afribank Plc.
Afribank also opted to implement Insight, Temenosâ fully integrated business intelligence suite specifically designed to meet a bankâs operational, risk and regulatory information management requirements. T24 was implemented by Temenosâ regional services partner Inlaks Computers, going live in January 2011. The deployment of Insight is currently underway and is due to go live in March 2011.
âWe are delighted to observe how Afribank is leveraging immediate value from T24, which not only demonstrates its complete support for large scale retail banking operations, but highlights the ease at which these types of organisations can cost effectively simplify their architectures and quickly begin to improve services for customers.
We build our product in such a way to secure upgradeability to future releases which in turn ensures that our clients never face the issue of technology obsolescence. â, commented Andreas Andreades, CEO, Temenos.