Cooperative Bank of Oromia has gone live on a set of packaged software from Temenos, including the vendor’s flagship core banking system, T24.

UniversalSuite, which the Ethiopian bank is deploying, includes T24, Temenos Connect and the vendor’s business intelligence solution, Insight BI.

Oromia, founded in 2004, aims to become the leading private bank in Ethiopia by 2025. It selected Temenos due to the vendor’s ability to provide both digital and physical banking, as well as cater to its Islamic customers.

The system went live with via a big bang across 256 branches and 2.4 million customer accounts.

Read more: Temenos highlights Australian commitments

“CBO is the first bank of its size in the region to go-live on Temenos’ core banking platform,” said Akalework Amde, software manager for Temenos’ implementation partner in the coutnry, United Systems Integrators (USi).

“USi, adhering to Temenos’ implementation methodology, implemented Temenos’ Ethiopian model bank, successfully bringing the bank live in four and a half months”

Aman Semir, vice president of information systems at Cooperative Bank of Oromia, added: “As a result of true teamwork between our organisations, we are very pleased that Temenos and USi have completed the implementation of Temenos’ UniversalSuite. This deployment gives us the peace of mind that we have the technology in place to meet the needs of our customers, support our growth and meet all local regulatory requirements.”

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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