Temenos, a provider of integrated core banking systems, has announced that The Mauritius Commercial Bank has selected its T24 to replace its core banking platform, supporting the bank’s retail and corporate operations.
T24 will support Mauritius Commercial Bank’s (MCB) 42 branches, 130 automatic teller machines and approximately 1 million customer accounts based in Mauritius, Rodrigues and its international operations.
T24 is a functionally rich, scalable, integrated, modular banking system. It is built on open service oriented architecture, and uses established technology standards such as Simple Object Access Protocol (SOAP) web services, XML and a true stateless browser front end. It offers a single client view across the enterprise and can support large numbers of users with true non-stop resilience. Its fully-integrated architecture enables it to offer a significant cost advantage compared to other competing products. It is the only system available with no end-of-day batch processing and so can genuinely provide real-time 24/7 non-stop banking.
Antony Withers, chief executive of MCB said: Here at MCB we have a tradition of being a leader in adapting to changes and innovating to satisfy customer needs. We fully understand that our future success will depend on our ability to deliver a comprehensive range of services across the bank’s retail, cards, corporate and international businesses in a quicker, cheaper and more efficient manner for our increasingly sophisticated domestic, regional and global customers.