Assaray Trade and Investment Bank (ATIB) has selected Temenos Infinity and Temenos Transact to power its digital transformation

The banking software company, today announced that Assaray Trade and Investment Bank (ATIB) has selected Temenos Infinity and Temenos Transact to power its digital transformation. Temenos’ cloud-native, cloud-agnostic banking platform will enable the bank to quickly launch new digital products for retail and corporate banking and improve the customer experience.
ATIB has been a fixture in Libyan banking for over 20 years. It is recognized as one of the most structured and advanced banks in the country, delivering financial services to more than 50,000 customers nationwide. ATIB selected Temenos’ technologically advanced and functionally rich platform to replace its legacy core banking system and accelerate its digital transformation. Temenos’ packaged and upgradeable software will deliver operational efficiencies and improve ATIB’s cost/income ratio, supporting the bank’s growth.

Temenos Model Bank and award winning Temenos Islamic Banking solution will help ATIB dramatically reduce the time taken to deploy the new digital banking platform. Temenos model bank approach also brings preconfigured country-specific functionality to help ATIB meet evolving regulatory requirements and business practices in an efficient and cost-effective way.