Temenos, the banking software company, has announced that Jordan Ahli Bank has gone live with cloud-native Temenos Infinity to rapidly develop and deploy new digital and mobile banking experiences, helping it differentiate and drive customer growth in Jordan and the Middle East.
Working with Temenos, the bank has successfully achieved this while operating remotely, due to COVID-19. With Temenos Infinity, Ahli Bank was able to create a new Instant Account Opening Service in just 30 days, providing an easy way for existing and prospect customers to open an account using only the web or a mobile phone. The instant onboarding service and new mobile banking are expected to dramatically accelerate the bank’s customer base in Jordan as well as provide a low cost route to grow and service customers in Palestine and Cyprus.
Haitham Matar, Digital Strategy Director, Jordan Ahli Bank, stated that: “As our technology partner, Temenos has shown deep understanding of the Jordanian and Middle East markets’ local requirements. This has proved a huge advantage for us as we transform our banking operations and adapt to the changing needs of our customers. Adding Temenos Infinity to our existing Temenos Transact core banking platform, means we can now create and continuously enhance our digital products with greater speed and agility. This gives Ahli Bank the Edge in delivering a new experience for customers and prospects, helping us to differentiate our service and drive growth.”
Jean-Paul Mergeai, Managing Director – Middle-East and Africa, Temenos, added that: “Temenos Transact has played a key role in Ahli Bank’s transformation strategy. Now, with Temenos Infinity, Ahli Bank is able create and launch new seamless and frictionless digital experiences for its customers with remarkable speed. By making it easier for customers to open an account, manage their finances and pay bills – all through their mobile, Ahli Bank is setting the standard for digital banking in the region and worldwide. Temenos has a strong presence in the Middle East region and I look forward to seeing Ahli Bank continue to innovate the digital experience for its retail customers and extend the digital front office benefits of Temenos Infinity to its corporate banking services.”
Ahli Bank is taking a phased approach, initially focused on Temenos Infinity to transform the digital experience of its personal banking products, including deposit accounts, payments, credit cards, loans and insurance. In the next phase, the bank plans to deploy Temenos Infinity to accelerate the Digital Transformation of its corporate banking operations.Click below to share this article