BEA International Bank deploys Temenos core platform

BEA International Bank, a recently established French subsidiary of Banque Extérieure d’Algérie (BEA), has implemented Temenos Core Banking and Financial Crime Mitigation (FCM) bundle arsenic a work (SaaS).

The cloud-based deployment aims to supply BEA International Bank with a scalable level to heighten its banking services successful the French market, supporting the company’s semipermanent maturation objectives.

The bank’s motorboat is portion of BEA’s enlargement into Europe and includes caller branches successful Paris, Marseille, and Saint-Denis.

BEA International Bank secured support from some the Autorité de Contrôle Prudentiel et de Résolution and the European Central Bank anterior to its launch.

The slope volition connection services specified arsenic existent and savings accounts, owe financing, and enactment for section and planetary professionals and businesses.

BEA International Bank managing manager Mohammed-Lamine Lebbou said:

“Launching BEA International Bank successful France is simply a large milestone for us. Temenos SaaS simplified the deployment of the halfway banking functionality for our caller operations and gives america the flexibility and scalability to present innovative services to our customers portion supporting our semipermanent maturation ambitions.”

The caller rollout included regulatory reporting tools configured for French compliance requirements.

The task utilised Temenos Country Model Bank accelerators for pre-configured compliance and faster deployment.

Delivery spouse LTIMindtree worked alongside BEA International Bank and Temenos connected the project.

Temenos MEA managing manager Santhosh Rao added: “We are arrogant to enactment BEA International Bank successful its palmy motorboat successful France. This go-live highlights Temenos’ beardown way grounds of enabling banks crossed Europe to physique and turn utilizing the latest unreality halfway banking technology. We look guardant to continuing our concern arsenic BEA International expands its beingness successful France and beyond.”

Last month, Bank of Beirut UK moved to the Temenos Core Banking and Payments platform.

"BEA International Bank deploys Temenos halfway platform" was primitively created and published by Retail Banker International, a GlobalData owned brand.

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