National Bank of Kuwait in Egypt goes live on Temenos treasury solution
National Bank of Kuwait (NBK) – Egypt has gone live on Temenos’ Treasury Trader.
Treasury Trader was launched in 2010 and is a front to back office solution. It will integrate with the bank’s Temenos T24 core banking system.
Pakistan-based National Data Consultants (NDC), a regional partner of Temenos, carried out the implementation.
NBK – Egypt was formed by the acquisition of 51% of the shares of Al Watany Bank of Egypt in 2007.
The bank has been undergoing a tech revamp this year as it recently implemented Swiss vendor NetGuardians’ anti-fraud solution FraudGuardian.
Tarek Abuelnaga, COO of NBK Egypt, says the platform “enhances protection and efficiency” and integrates with the T24 core banking system.
FraudGuardian will be used to identify patterns, audit activities and ensure compliance for automated reports. NetGuardians COO Raffael Maio, says the implementation took a few weeks.