Société Générale de Banque au Liban (SGBL), the Lebanese affiliate of French-based multinational banking and financial services organisation Société Générale, has signed a deal to implement Temenos’ flagship core banking system T24 and its related modules.
SGBL operates retail, corporate and private banking services across 89 branches in both Lebanon and surrounding countries. The group aims to replace its existing core banking platform and consolidate its regional operations onto a single unified and flexible banking platform.
The implementation of Temenos T24, which runs on Microsoft Windows Server and SQL Server 2012, will support the bank’s operations across Lebanon, Jordan and Cyprus.
“We are delighted to have been chosen by SGBL as their end to end banking solution and look forward supporting them in their expansion and strategic developmental plans,” said Jean-Paul Mergeai, managing director, Temenos Middle-East. “Our global reach and regional experience enable us to understand and support banking customers, to transform their business and become true partners in their successful development.”
The group will benefit from an open standard platform and very highly parameterised and componentised applications, to help SGBL enhance the efficiency and innovation of the services it delivers to its customers through multiple channels.
“SGBL maintains the highest standards among banks in Lebanon,” added Gerard Garzuel, chief operating officer of SGBL. “When choosing our new banking system, we evaluated several international vendors on the basis of their technical and functional capabilities, their solution footprint and their compatibility with the company profile. Following the evaluation, we determined that Temenos was the preferred provider, meeting all of our expectations and requirements.”
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