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18.10.2019 Business & Finance

CGB Connects To Innovative Banking Software By Inlaks, Temenos

By News Desk
CGB Connects To Innovative Banking Software By Inlaks, Temenos
OCT 18, 2019 BUSINESS & FINANCE

Inlaks, one of the fastest-growing ICT infrastructure and systems integrator in Sub-Saharan Africa and Temenos, a banking software company have announced that Consolidated Bank Ghana (CBG) has gone live on TemenosT24 Transact release 17.

Consolidated Bank Ghana Limited (CBG) is an indigenous Ghanaian Universal Bank operational in 13 of the 16 regions of Ghana with 114 branches.

After months of intensive development and testing, effective project planning and leadership, stakeholder support, strong governance and effective training, the project has been deemed successful.

Temenos T24 Transact is a cloud-native, cloud-agnostic and real-time core banking solution with exceptional functionality; offering services on Retail and Corporate Banking as well as Wealth Management sectors.

With T24, CBG is guaranteed to experience a dynamic shift in operational excellence.

The banking solution is known to enhance increased flexibility and productivity, resulting in improved customer service, the market for new products, substantial cost savings and improved speed/efficiency of implementation processes.

Speaking on the project, Olufemi Muraino, Executive Director, Inlaks, said: “We are very pleased to have been a part of one of the greatest digital transformation strides in the history of Consolidated Bank Ghana Limited. CBG will benefit immensely from Temenos’ best-selling solutions which will strengthen and render more effective the performance of their core banking system.

Being whole-heartedly committed to achieving our vision to be the foremost ICT provider in sub-Saharan Africa, Inlaks, in collaboration with world-class OEMs like Temenos, will continually support the growth and digital advancement of institutions in that region.

Jean-Paul Mergeai, Managing Director Middle East and Africa at Temenos commented: “We are delighted to support Consolidated Bank Ghana during this exciting time of integration and great progress. Bringing together the operations of multiple banks is a journey that Temenos is excited to be a part of and has extensive experience in around the globe and within the Middle East and African region specifically. By choosing Temenos T24 Transact, Consolidated Bank Ghana have positioned themselves perfectly to future-proof their business as well as drive growth and accelerate product innovation. Ghana is a key growth market for Temenos and we are fully committed to working as a trusted partner with Consolidated Bank Ghana now and well into the future”.

Daniel Addo, the Managing Director, CBG also added that: “The joint effort of Inlaks and Temenos teams has indeed been commendable. We value all the benefits that the successful go-live of T24 has accrued to the banking operations since implementation. As we strive to be the preferred Ghanaian bank providing simple, secure and differentiated banking experience to customers, the completion of this migration project has further reinforced our strategy to attain that goal”.

Aside from CBG Ghana, Inlaks has successfully implemented Temenos T24 Transact for various banks in Nigeria and Ghana.

About InlaksInlaks is a leading system integrator in Sub-Saharan Africa. The company partners with leading OEMs in the technology industry to provide world-class information technology solutions that exceed the needs of its customers.

Over the years, Inlaks has built a reputation as the foremost ICT and Infrastructure Solutions Provider, helping customers effectively seize new market and service opportunities.

With an impressive customer base that includes six Central Banks in West Africa, 18 of the 24 banks in Nigeria and other major customers in the West African region, Inlaks has become the dominant Information Technology Company in Africa.

Inlaks' customers cut across various segments including Banking, Telecommunication, Oil/Gas, Power, Utilities and the Distribution sectors of the economy.

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Jonathan Shalomi, Head of Financial Business, Technical Operations, Inlaks; Joseph Yaw Asumang, Chief Information Officer, CBG; Emmanuel Mac Randolph, Head, Project Management, CBG; Olufunmilayo Okubena , Country Manager, Inlaks; Daniel Wilson Addo, Managing Director/ Chief Executive Officer, CBG; Felix Duku, Quantity Assurance Consultant, CBG; Isaac Tetteh, Deputy Managing Director, Business, CBG; Thairu Ndungu, Deputy Managing Director, Operations, CBG; Isabella Boettey-Kplivi, Head of Business Operations, Inlaks; Emmanuel Nikoi, Chief Strategy Officer, CBG

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