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Monday, June 03, 2019

ARB Apex Bank renews contract with Temenos for rural banking - ITREALMS

The Temenos a banking software company, has announced that ARB Apex Bank has chosen to renew its contract with them to continue banking and non-banking services for Ghana’s Rural and Community Banks (RCB’s) and their customers, reports ITREALMS.

Using Temenos banking software, ARB Apex Bank serves over six million customers with almost seven million accounts, processing an average of 220,000 daily transactions and empowering Ghanaians with modern day financial services.

The bank, which acts as the “mini” central bank for Ghana’s RCBs, connects 144 rural and community banks in Ghana, totaling 700+ branches. ARB Apex Bank has opted for Temenos Infinity, the breakthrough digital banking product and Temenos T24 Transact, the next generation core banking system as well as a host of additional solutions including Risk and Compliance and Temenos Payment Hub.

ARB Apex Bank was recently recognized as part of the “Best in Banking Awards” held at the Temenos Community Forum in The Hague in April 2019 and awarded the “Best Inclusive Banking” prize. This award recognizes ARB Apex Bank for delivering a truly customer-centric experience and for passing on its operating costs efficiencies to its end-customers in the spirit of financial inclusion.

Established in Ghana in 2000 and receiving its banking license in 2001, ARB Apex Bank became a Temenos client in October 2009. The bank currently has 11 branch offices throughout the country and hosts over 140 Rural and Community Banks (RCBs) on a private cloud, run from their premises in Accra, Ghana.

Nenye Dom/Editor

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