Temenos , the banking software company known for it core banking solutions has successfully upgraded Baltic International Bank’s private, corporate and retail business lines of Temenos T24 Core Banking to R17.

The implementation was supported by Foranx, a certified Temenos services partner. The bank decided to upgrade in order to support its efforts to geographically expand into new markets, and continue to innovate to meet evolving customer expectations.

Temenos and its partner Foranx analyzed the bank’s local developments and adapted them to the new instance of T24 Core Banking, as well as installed new modules, before finally migrating the bank to the upgraded system.

Viktor Bolbat Chairperson of the Management Board, Baltic International Banking, commented:

“Due to the packaged and integrated nature of T24 Core Banking, our clients benefit from easier and quicker upgrades, empowering them to be future-ready, and to easily add on new modules.”

Featured image credit: https://www.bib.eu/en/about-bank