Fun with flags continues

Fun with flags continues

Ethiopia-based Cooperative Bank of Oromia (CBO), has gone live with new core banking software, Temenos’ T24.

The solution, which supports the universal banking activities of CBO front-to-back office, is branded as UniversalSuite by the vendor. It also includes the front office software for digital channels, Temenos Connect, and the vendor’s business intelligence/analytics product, Insight BI.

The implementation was carried out by a local Temenos partner, United System Integrators (USi).

Akalework Amde, software services manager at USi comments that CBO has become the first bank of its size in the region go live with T24 in a “big bang” fashion.

CBO’s 256 branches and 2.5 million customers were migrated from the legacy system, OmniEnterprise, supplied by India-based InfrasoftTech.

“USi, adhering to Temenos’ implementation methodology, implemented Temenos’ Ethiopian model bank, successfully bringing the bank live in four and a half months,” Amde says.

Temenos is already well established in Ethipoia, with customers including Bank of Abyssinia, Nib International Bank, Development Bank of Ethiopia (DEB) and Commercial Bank of Ethiopia (CBE).