- Africa and Gulf Bank partners with Temenos to modernize its digital and core banking capabilities.
- Founded in 2019, the bank started operations in 2021 after acquiring a Sudan-based branch of an undisclosed GCC bank.
- It offers Shariah-compliant banking and financial services to individuals, SMEs, and corporates.
- Previously, the bank used Path Solutions’ iMAL Islamic core banking system in 2020.
- Leveraging Temenos’ cloud-based solution, they aim to develop and launch new products quickly, including a digital payments ecosystem.
- Qamber Al Mulla, chairman, plans to enhance digital capabilities with instant onboarding, AI-based approvals, and digitized workflows.
- Nadeem Lodhi, CEO, believes the new platform will improve operational efficiency and speed up product launches.
- Temenos also serves other clients in Africa, such as Arab Tunisian Bank, Egypt’s Midbank, and ADCB Egypt, a subsidiary of Abu Dhabi Commercial Bank (ADCB).
