Banking software company Temenos announced that Bank of Kigali, Rwanda’s largest bank by assets and market share, has gone live on Temenos, replacing its core banking system with Temenos open platform for composable banking.
Bank of Kigali can now quickly expand its digital channels and engagement to deliver faster, smarter customer experiences. The bank aims to double its retail and SME customer base to over one million in the next year through increased automation and new digital services such as payroll loans and enhanced mobile offerings.
Diane Karusisi, Bank of Kigali’s CEO, said in a statement: “We can now propel our product innovation and lead the way in digital financial services while benefiting from increased automation to achieve operational efficiency.”
Jean-Paul Mergeai, president for EMEA and APAC at Temenos, said in a statement: “A modern banking platform is vital to thrive in the world of instant, always-on digital banking and Temenos is proud to support the bank to realize its vision.”
Kyari Bukar, CEO of African Operations at Inlaks, said in a statement: “Bank of Kigali will benefit immensely from the implementation as the automation of its banking processes will strengthen the effectiveness and performance of its core banking system. Kigali is a key growth market and Inlaks is fully committed to working as a trusted partner with the bank now and into the future”.