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Article Excerpt
M2 PRESSWIRE-2 April 2008-Temenos Group: Al Hilal Bank selects TEMENOS T24 Model Bank for Sharia-compliant banking(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:02042008
GENEVA, Switzerland -- Temenos Group (SWX: TEMN), the provider of integrated core banking systems, today announced that Al Hilal Bank, a greenfield Islamic bank set up by the Abu Dhabi government, has selected TEMENOS T24 (T24) to support its retail, commercial and investment banking business. Al Hilal Bank will initially operate its branches network across the United Arab Emirates, supporting up to 100,000 customer accounts.
The bank has chosen the T24 Islamic Model Bank, which includes pre-configured products and processes based on banking best practice to reduce implementation time and costs, minimise customisation and lower the project risk. The solution will also include TEMENOS ARC Internet Banking (ARC IB), which will allow the Bank to maximise the return...
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