Stanbic Bank Kenya is upgrading its Temenos core banking system to the R23 cloud platform with Orion Innovation’s assistance. This transition includes a framework migration to TAFJ, encompassing extensive code and integration modifications. The upgrade aims to boost operational efficiency and meet the changing needs of customers in the digital age.
Stanbic Bank Kenya, part of South Africa’s Standard Bank Group, is set to enhance its core banking system with an upgrade from Temenos, facilitated by Orion Innovation, the vendor’s regional implementation partner. This modernization effort will transition the bank’s Temenos Transact application from version R17 to the updated R23 cloud-based platform, which will significantly improve the bank’s digital capabilities.
The upgrade will also involve migrating from the obsolete proprietary framework, TAFC, to a more advanced Java-based framework, TAFJ, known for its enhanced portability, scalability, and performance. This transition encompasses over 90 integrations and more than 6,000 local code conversions, aiming to streamline the process through Orion’s test automation tools and services.
First implementing Temenos’ core banking technology in 2010, Stanbic Bank Kenya previously utilized Kindle Banking Systems’ Bankmaster. Alex Siboe, the bank’s head of technology, stated that this upgrade is integral to their digital transformation journey, enabling improved operational efficiency and the capacity to introduce new services to adapt to customers’ evolving needs in the digital landscape.
In conclusion, Stanbic Bank Kenya’s upgrade of its Temenos core banking system, facilitated by Orion Innovation, represents a significant advancement in its digital transformation efforts. The transition to the R23 platform and the migration to the robust TAFJ framework demonstrates the bank’s commitment to enhancing operational efficiency and meeting the dynamic requirements of its customer base. With over 90 integrations planned, this initiative is poised to further modernize the bank’s digital services.
Original Source: www.fintechfutures.com
