Crédit du Maroc, a subsidiary of Crédit Agricole, has selected Temenos to digitally transform its core banking and payments infrastructure.
The core transformation project with Temenos will prepare Crédit du Maroc for the future, the companies say. It will “deliver improved, frictionless and innovative omnichannel experience for its retail and business customers and grow sustainably.”
The say Temenos Transact next generation core banking will provide the flexibility and agility for Crédit du Maroc. It will “offer personalized, customer-centric products, while allowing for lower operational costs and increased return on equity (ROE).”
With integrated Temenos Payments, it also provides a comprehensive, universal platform for efficient payment execution and distribution.
Getting “key commercial edge”
Crédit du Maroc is one of the largest banks in Morocco with 2,500 staff.
It is a universal bank and recognised as a major player in the retail, corporates, and more recently, agricultural and agro-industry sectors.
The bank’s affiliation with the Crédit Agricole group gives it a key commercial edge. Customers will benefit from a global approach and the expertise of an international group.
Temenos’ modern API-first technology will provide Crédit du Maroc customers with easier and faster for retail and business. This includes managing accounts and cards, making deposits, and sending payments.
Speeding up time-to-market
It will also accelerate time-to-market for new products and services designed to enhance the digital customer experience.
With Temenos Payments, the bank will be able to scale its payment processing capability. It will better be able to meet ever-increasing volumes, range of channel and customer demands for increased transparency and speed of service.
Temenos Payments also enables the bank to adapt quickly to new regulations and standards including ISO 20022.
The bank will better adjust to payment schemes such as new instant / real-time payments as well as rapidly innovate new payment services such as Request to Pay.