GOLDILOCKS
"Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments."
National Bank of Iraq and Temenos have partnered together to transition the Iraqi Banks from Legacy Systems to a Unified Core Banking and Payments Platform.
Core Banking is the back-end processing of transactions including deposits, loans, and credit processing.
This integration will streamline operations and accelerate product development for customers across the Capital Bank Group. The Capital Bank Group globally connects Iraqi banking systems.
Temenos digital products are adaptable and scalable that will allow them to work inside an Open Banking System. This new upgrade will allow Iraq to trade with Global Financial Institutions around the world.
© Goldilocks
https://fintech.global/2024/04/25/national-bank-of-iraq-empowers-digital-transformation-with-temenos-core-banking-system/
https://www.hcltech.com/knowledge-library/what-is-core-banking#:~:text=Core%20banking%20can%20be%20defined,deposit%2C%20loan%20and%20credit%20processing.
https://www.temenos.com/news/2024/04/25/national-bank-of-iraq-goes-live-with-temenos-core-banking-and-payments/