Banking software company, Temenos has announced that Assaray Trade and Investment Bank (ATIB), one of the most structured and advanced banks in Libya, delivering financial services to more than 50,000 customers, has selected its solutions to power the digital transformation of the bank.

According to a statement, ATIB selected Temenos’ technologically advanced and functionally rich platform to replace its legacy core banking system and accelerate its digital transformation. Temenos’ cloud-native, cloud-agnostic banking platform will enable the bank to quickly launch new digital products for retail and corporate banking and improve the customer experience.

Temenos Model Bank and award winning Temenos Islamic Banking solution will help ATIB dramatically reduce the time taken to deploy the new digital banking platform. Temenos model bank approach will also bring preconfigured country-specific functionality to help ATIB meet evolving regulatory requirements and business practices in an efficient and cost-effective way.