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Saturday, February 29, 2020

Central Bank of Azerbaijan using new Temenos T-24

The Central Bank of Azerbaijan has put into effect the full use of the Temenos Group's T-24 General Ledger following the system's successful implementation.

The Temenos Group is a Swiss software company specializing in core banking systems.

The release of the Temenos GL led to updates in securities, credits, foreign exchange, money markets, tellers, funds transfer, open financial services and reporting modules.

Temenos GL will allow the bank to considerably increase the processing speed of financial transactions, create safer interface channels, reduce support costs and reliably deploy the information system.

The new capacity will also help the bank to realize its expectations on maintaining high coverage, optimizing system productivity, fully automating business processes and minimizing information system support costs.