- Partnership Announcement: Kuwait-based Boubyan Bank has selected Swiss banking technology vendor Temenos to modernize its core banking systems.
- Scope of Modernization: The bank will migrate to Temenos’ core banking platform for corporate banking, retail, and wealth management.
- Objectives: The modernization aims to enhance business agility, operational efficiency, and provide a personalized banking experience to clients.
- Product Launch Capabilities: Temenos’ technology will enable Boubyan Bank to streamline the launch of new products, allowing quick responses to market changes and opportunities.
- Platform Features: Boubyan will leverage Temenos’ scalable, cloud-native, API-first architecture, which includes rich Islamic banking functionality.
- Bank’s Growth Plans: The partnership is expected to support Boubyan Bank’s future growth and expansion of its customer base.
- Bank Overview: Established in 2004, Boubyan Bank is the third-largest bank in Kuwait by financing portfolio and total assets, serving individuals, private clients, and corporations.
- Temenos’ Recent Wins: Boubyan Bank joins other recent Temenos clients, including Eurobank Cyprus, Canada’s Haventree Bank, and Peru’s Credicorp Capital.
