back Back

Orion Innovation partners with Stanbic Bank Kenya for strategic modernisation

By Delisha Fernandes

May 27, 2024

  • Core Banking
  • Digital Banking
  • fintech MENA
Share

 Orion InnovationOrion Innovation (“Orion”), a digital transformation and product development services firm, has signed a deal with Stanbic Bank Kenya to facilitate a core banking upgrade and modernisation effort.

As part of the agreement, Orion will implement Temenos’ cloud-based digital banking platform within Stanbic Bank Kenya’s operations, enabling enhanced customer experiences and delivering innovative digital solutions.

“We are excited to partner with Stanbic Bank Kenya on the bank modernization initiative,” said Anoop Gala, Orion’s Global Head of Financial ServicesOur team is committed to fueling digital innovation in the African Financial Services market by securing our banking partners in deploying advanced implementation tools which ensure compliance and advance their project timelines.”

Joshua Oigara, Stanbic Bank Kenya and South Sudan Chief Executive said, “Technology and innovation are central to our continued growth in a highly digitized and complex banking environment. This upgrade adds to our technological capabilities and enables us to better serve our clients both on a local and global scale. We are proud to partner with Orion and to leverage its strong background and expertise in driving system modernization.”

Orion, a globally certified & trusted Temenos partner, was selected as Stanbic Bank Kenya’s partner to upgrade its Transact application from R17 to R23 and migrate from TAFC to the new TAFJ standard. The ambitious project involves 90+ integrations and 6000+ local code conversions. To accelerate the project timeline, Stanbic Bank Kenya will use Orion’s Test Automation tools and services.

Suchen Janjale, Orion’s Head of Financial Services in Europe, said, “Our comprehensive offerings around Temenos, coupled with our proven track record in efficient and successful upgrades and integrations, were instrumental in Stanbic Bank Kenya’s decision to choose Orion as its trusted partner.”

Alex Siboe, Stanbic Bank Kenya Head of Technology, said, “Transforming customer experience through technology is at the cornerstone of the bank’s strategy. Aligned with our objective of delivering exceptional client experiences and superior value, we consistently work towards adopting the right technologies to drive efficiency and satisfaction for our clients. This upgrade fits into our digital transformation journey and will help us provide a seamless and superior banking experience to our customers. Furthermore, through this upgrade, we will not only enhance our operational efficiency but also offer innovative services to our customers, meeting their evolving needs in today’s digital era.”

Previous Article

May 27, 2024

Newgen Software onboards Finastra to expand market reach

Read More
Next Article

May 27, 2024

Myguava and Visa launch Out Of Home campaign in London

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

Core Banking

Why predictive AI is a critical necessity in the field of cybersecurity

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

4 Open Banking platforms shaping the future of financial data in the US

Read More

Today

Mbanq joins IG Tech Cambodia to expand BankTech & BaaS solution in SEA

Read More

Today

Sumsub & Finastra team to strengthen Banking sector compliance

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023