The Arab Tunisian Bank (ATB) has selected Temenos, the Geneva-based banking software company for its digital transformation program. ATB will transform its bank with Temenos Infinity, the breakthrough digital front office product, and Temenos T24 Transact, the next generation core banking software. These two banking software products combined with Temenos Payments Hub, Advanced Analytics and Financial Crime Mitigation (FCM) will enable ATB to benefit from an end-to-end digital banking platform, which will bring business agility and innovation.
ATB has a goal to increase revenues by 40% by 2020 and double the number of deposits with new products. It selected Temenos for its packaged model bank functionality and advanced cloud technology to meet those objectives, ATB also selected Information Technologies Solutions & Services (ITSS) as its implementation partner. ITSS was named Temenos Regional Partner of the Year 2019.
With more than 130 branches and 1,300 employees, ATB has grown to be one of Tunisia’s top five banks since its establishment in 1982. In 2017, the bank was also awarded the “Best Commercial Bank in Tunisia” by Global Banking & Finance.
“Tunisia is quickly embracing the new digital world, and banking is no exception,” said Mohamed Ferid Ben Tanfous, CEO, ATB. “With state-of-the-art banking software and 25 years of expertise, Temenos was the clear strategic technology partner of choice for us at Arab Tunisian Bank. Temenos’ end-to-end digital banking platform will enable us to offer enhanced, personalized digital experiences for our customers and become a global business partner for customers by developing new lines of business – a key priority at ATB. This digital transformation will help us achieve our ambitious growth objectives and fulfill our mission to contribute to the economic and financial development of Tunisia.”
Temenos’ pre-integrated, packaged banking software will provide ATB with faster time-to-market and dramatically reduce operational complexity and costs. With Temenos Infinity and Temenos T24 Transact, ATB will have the agility to create innovative products and services tailored to its customer needs.