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Orion Innovation, Africa and Gulf Bank team to modernise banking products & services

By Delisha Fernandes

February 26, 2024

  • Africa and Gulf Bank
  • Banking Products
  • Core Banking Platform
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Orion Innovation, Africa and Gulf Bank, banking products, core banking platform , Temenos, FinTech news, FinTech MENAOrion Innovation (“Orion”), a digital transformation and product development services firm, has signed a deal with Africa and Gulf Bank (“AGB“) to modernize the bank’s banking products and services.

As part of the agreement, Orion will implement Temenos’ cloud-based core banking platform into AGB’s operations, modernizing its product portfolio to bring personalized, digital-first banking solutions to customers.

“We are thrilled to embark on AGB’s core modernization program. Our comprehensive offerings around Temenos, coupled with our regional presence in the MEA, position us well to ensure a successful core banking transformation. This partnership will accelerate AGB’s Digital First initiative and support its strategic growth plans,” said Anoop Gala, Orion’s Global Head of Financial Services.

AGB is a banking and financial services corporation that provides customers with tailored and innovative financial solutions backed by technology. Orion’s suite of digital services and technology solutions empowers banks to modernize legacy systems, design innovative products, and tap into new business opportunities. This deal is significant as Orion expands its global footprint into the Middle East and Africa regions (MEA) and follows its recent deal with Philippines-based Cebuana Lhuillier Bank.

Africa and Gulf Bank has developed an ambitious roadmap based on innovative retail, digital and wholesale banking products and services which include critical capability enhancements like instant onboarding, automated AI-based approvals, straight-through-processing and digitized workflows. He stated that building up on its ‘Digital and Agency First’ strategy, the introduction of Temenos Transact and Infinity will allow AGB to develop robust banking services for Sudanese people both at home and in the diaspora,” said Nadeem Lodhi, CEO for Africa and Gulf bank.

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