View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
March 12, 2021updated 25 Mar 2021 10:58am

Crédit du Maroc calls on Temenos to revamp its payments infrastructure

By Mohamed Dabo

Crédit du Maroc, a subsidiary of Crédit Agricole, has selected Temenos to digitally transform its core banking and payments infrastructure.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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.

 

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International