Stanbic Bank Kenya is modernizing its technology infrastructure by upgrading its core banking system, Temenos 24 (T24), to the latest version.
This multi-phase upgrade, expected to be completed by the end of 2024, aims to deliver a superior banking experience for customers.
Dr. Joshua Oigara, CEO, Stanbic Bank Kenya and South Sudan emphasised the importance of technology and innovation in today’s competitive landscape.
“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.’’
Benefits of the Upgrade
The new system will allow Stanbic Bank to adapt and innovate faster, leading to improved features and services for customers.
In addition, customers can expect an efficient banking experience with the upgraded system.
The upgrade strengthens Stanbic Bank’s ability to serve clients effectively, both locally and internationally.
Alex Siboe, Head of Technology, Stanbic Bank Kenya noted that customer experience remains a core focus for the bank.
He said the upgrade aligns with their strategy of delivering exceptional service and value by adopting advanced technologies that enhance efficiency and customer satisfaction.
Partnership with Orion Innovation
Stanbic Bank has partnered with Orion Innovation (Banktech Software Services Ltd), a US-based technology company specializing in digital transformation solutions. Orion’s expertise in Temenos upgrades and integrations played a key role in securing this partnership.
Anoop Gala, Global Head of Financial Services, Orion said dedication to fostering growth and modernization within Africa’s financial sector.
Suchen Janjale, Head of Financial Services (Europe), Orion gave credit to their comprehensive Temenos offerings and successful upgrade experience for Stanbic Bank’s decision to choose them as a partner.
