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November 18, 2008updated 06 Sep 2016 2:36pm

MCB selects Temenos T24 for retail and corporate banking operations

Temenos, a provider of core banking systems, has announced that The Mauritius Commercial Bank has gone live with Temenos T24 in its Maldives branch to support its retail and corporate banking operations. The bank employed Temenos professional services and jointly implemented T24 in four months.

By CBR Staff Writer

According to the company, the Mauritius Commercial Bank (MCB) selected T24 to replace its core banking platform, and support its 42 branches, 130 automatic teller machines and one million customer accounts. The bank chose T24 model bank for universal banking in its Maldives branch.

The bank also chose Temenos ARC internet banking (ARC IB), which it plans to roll out in its Maldivian operations in 2009. The multi-channel support offered by T24 ARC IB is expected to provide the bank with a modern, online front-office service with a single customer view, enabling it to offer a personalized and efficient finance services, added Temenos.

Antony Withers, CEO of MCB, said: We are impressed with Temenos’ expertise and speed of deployment, which has enabled us to quickly open up our operations in the Maldives whilst meeting local regulatory requirements. We are pleased to be able to bring a local dimension to the region amid the growing number of foreign banks that operate within it and believe that our entrance into this market will complement our existing operations in Mauritius.

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