Cairo Amman Bank Goes Live with jBASE Technology

Temenos, a provider of software to the financial services industry, has announced that Cairo Amman Bank, a full service bank with 106 branches in Jordan and Palestine, has gone live with T24, Temenos’ core banking system based on jBASE technology.  The deployment of T24 replaced the bank’s legacy core banking system and consolidates multiple banking modules, helping the company achieve improvements in operational efficiency including automation of real time gross settlement payments and laying the infrastructure to support sustained growth in income and profitability.

The underlying run-time and database of the bank’s implementation is jBASE, according to Clive Ketteridge, general manager of jBASE at TEMENOS.  “One of the prerequisites for TEMENOS' T24 banking application is the jBASE open connectivity technology integrated with the banking functionality and coupled with an open database such as Oracle, IBM’s DB2, Microsoft’s SQL Server or jBASE, which provides clients with numerous options with regard to future direction,” he said

Cairo Amman Bank’s Abu Nseir branch went live as a pilot branch in June 2012 followed by Treasury department operations in October 2012.  The Zara Mall branch underwent the implementation of a model branch in March 2013 and the remaining 84 branches in Jordan and 21 in Palestine are scheduled to go live by the end of 2013. As part of the move to T24, the bank is also installing a Temenos’ anti-money laundering (AML) screening solution.

“We have invested in T24 to centralize and unify our core platform, eliminating complexity and lowering total cost of ownership,” said Kamal Al-Bakri, general manager, Cairo Amman Bank. "With T24 we now have an open and modern platform that integrates and interfaces with any external system and has the flexibility and scalability to grow with us.”

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