Mohamed Ferid Ben Tanfous, CEO, ATB

Arab Tunisian Bank (ATB) has selected Temenos‘ digital front office product, Infinity and the core banking software T24 Transact to support its digital transformation program.  These two combined with Temenos’ Payments Hub and Financial Crime Mitigation will assist the bank in bringing about agility and innovation in the business.

Mohamed Ferid Ben Tanfous, CEO, ATB, commented: “Tunisia is quickly embracing the new digital world, and banking is no exception. With state-of-the-art banking software and 25 years of expertise, Temenos was the clear strategic technology partner of choice for us at Arab Tunisian Bank, combined with ITSS’ experience, which was awarded as Temenos Regional Partner of the Year 2019. Temenos’ end-to-end digital banking platform will enable us to offer enhanced, personalized digital experiences for our customers and become a global business partner for customers by developing new lines of business – a key priority at ATB. This digital transformation will help us achieve our ambitious growth objectives and fulfil our mission to contribute to the economic and financial development of Tunisia.”

According to the supplier, Temenos‘ products are expected to provide ATB with a reduction in operational complexity, the ability to provide customized services, enable self-serving onboarding capabilities and enable the bank to better gauge the consumers’ behaviours, habits and take steps accordingly.

Laurent Bramy, Regional Director – French Speaking Territories, Temenos, said: “We are thrilled that the Arab Tunisian Bank has chosen to partner with Temenos to power its growth journey. ATB will leverage Temenos’ global experience and local knowledge in providing scalable, packaged software to lower the cost of deployment and gain business agility. ATB will be able to offer outstanding customer experiences and innovative products in response to market changes. With eight clients in the country, Temenos already has a dominant presence in Tunisia, and this ninth signing further underlines our status as a trusted market leader in the region.”

ATB has selected Information Technologies Solutions & Services (ITSS) as its implementation partner and the bank aims to utilize ITSS’ local expertise in Tunisia.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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