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May 31, 2022

ADCB Egypt turns to Temenos for digital payments

ADCB Egypt has selected Temenos’ open platform to enable next-generation digital payments for composable banking.

Free Whitepaper
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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

Temenos said that its platform will allow the bank to support real-time payment processing from any channel, local or international.

The bank, which is part of Abu Dhabi Commercial Bank Group, aims to compose payment solutions for conforming to new global standards including ISO20022 and SWIFT GP.

These solutions are also expected to support new instant and cross-border payment services.

To automate its treasury management lifecycle, the bank will build digital banking solutions that incorporate advanced core banking capabilities.

Temenos EMEA-APAC president Jean-Paul Mergeai said: “ADCB Egypt is always keen upon embracing the latest technologies and partnering with the best service providers.

“This new step of our existing collaboration with Temenos will empower the bank’s internal systems as the new instant payments solutions.

“The technological upgrades will always keep us ahead in offering our customers the best-in-class service quality and comply with regulatory directives.”

Temenos Payments on Temenos open platform is said to help ADCB Egypt automate its front, middle and back-office capabilities.

Designed to eliminate the use of a different system for varied payment business types, the Temenos Payment is a comprehensive platform for payment execution.

The platform will help ADCB Egypt implement new payment offerings including instant payments and request-to-pay with reduced cost, stated the vendor.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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