Misys out, Temenos in, at Persia International Bank
London-based Persia International Bank, a joint venture of two Iranian financial services groups, Bank Mellat and Bank Tejarat, is undergoing a tech revamp.
The bank is replacing its legacy Misys’ Bankmaster core banking system with Temenos’ T24, Banking Technology understands.
Sofgen is the implementation partner.
Also, as reported earlier by Banking Technology, Persia International Bank is modernising its trade finance operations – by implementing China Systems’ Eximbills.
Eximbills will oust the bank’s 15-year old trade finance system, IBSNet from Surecomp.