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Stanbic Bank Kenya set for Temenos core banking upgrade with Orion Innovation

  • Company: Stanbic Bank Kenya, part of South Africa’s Standard Bank Group.
  • Project: Upgrading its Temenos core banking system.
  • Partner: Orion Innovation, Temenos’ regional implementation partner.
  • Upgrade Details:
    • Upgrading from Temenos Transact application R17 to R23 cloud-based digital banking platform.
    • Migrating from TAFC (proprietary application framework) to TAFJ (Java-based application framework).
  • Benefits of TAFJ: Portability, scalability, robust performance.
  • Project Scope:
    • Over 90 integrations.
    • More than 6,000 local code conversions.
    • Use of Orion’s test automation tools to accelerate project timeline.
  • Background:
    • Stanbic Bank Kenya has used Temenos core banking tech since 2010.
    • Previously used Kindle Banking Systems’ Bankmaster.
  • Objective: Enhance operational efficiency and offer new services to meet evolving customer needs as part of the bank’s digital transformation journey.
  • Statement: Alex Siboe, head of technology, emphasized the upgrade’s role in fitting into the bank’s digital transformation journey and improving operational efficiency

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