Temenos powers core banking upgrade at Bank of Beirut UK

By Vriti Gothi

Bank of Beirut UK Ltd has completed the implementation of Temenos Core Banking and Payments, marking a significant step in the lender’s plans to expand its corporate banking footprint across the UK and international markets.

The go-live, delivered in collaboration with Temenos’ delivery partner LTIMindtree, follows a 15-month migration from the bank’s legacy infrastructure. The upgrade provides the UK-based subsidiary with a unified platform to support retail, commercial, and deposit services, alongside enhanced trade finance capabilities for clients operating across the UK, Europe, Africa and the Middle East.

The deployment also aligns the UK entity more closely with its parent, Bank of Beirut, which has an established relationship with Temenos. By standardising operations on a shared core banking architecture, the group aims to streamline processes, reduce operational costs, and accelerate the rollout of new products.

Sophoklis Argyrou, CEO, Bank of Beirut UK, commented, “Migrating from a legacy system to Temenos’ modern core banking and payments platform allows us to scale our trade finance business and strengthen our corporate and retail banking proposition. We can now offer a broader portfolio of products and deliver superior customer experiences with greater speed and efficiency.”

Mark Yamin-Ali, Managing Director Europe, Temenos, said, “This successful go-live shows Temenos’ unique strength to deliver comprehensive, regionalized solutions on a unified platform, helping banks in multiple markets to innovate and grow. We’re proud to welcome Bank of Beirut UK as a new Temenos client in Europe and to build on our long-standing relationship with Bank of Beirut.”

The move reflects a broader trend among mid-sized and internationally focused banks seeking to modernise legacy systems to compete more effectively in corporate and trade finance segments. As regulatory demands and cross-border transaction volumes increase, scalable core banking and payments platforms are becoming central to improving operational resilience and time-to-market in competitive banking corridors.