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CEC Bank, a state-owned Romanian lender, has tapped Temenos to upgrade its core banking systems for both retail and corporate operations.
The bank will transition from its legacy systems to the Temenos core banking platform, incorporating latest solutions for payments and data analytics.
This shift is aimed at enhancing the bank’s operational efficiency, agility, and ability to introduce new services quickly.
The Temenos platform offers broad functionality across retail, corporate banking, and payments, with scalability and cloud-readiness.
CEC Bank will deploy Temenos Payments for domestic and international transactions.
Furthermore, the bank will leverage the platform's API-based architecture to streamline integration with existing systems and enable collaboration with third-party service providers.
Temenos Europe managing director Mark Yamin-Ali said: “We’re delighted to be partnering with CEC Bank on this strategic project, which will help one of Romania’s largest banks to streamline its operations, increase automation and deliver faster time to value.
“Temenos, together with our delivery partners Tech Mahindra and SoftCentric, offers a proven path for transformation and adoption of modern banking technology. Powered by Temenos, CEC Bank is well-positioned to strengthen its leadership and drive innovation in the Romanian market.”
Founded in 1864, CEC Bank has more than 1,000 branches across Romania and also offers digital services. It caters to over two million retail, SME, and corporate customers.
The bank supports government initiatives, such as European Union fund distribution, while introducing services such as QR code-enabled ATM withdrawals.
The modernisation project will be implemented in collaboration with Tech Mahindra and SoftCentric to support alignment with local market requirements.
CEC Bank CIO Daniel Calin said: “Modernising our core banking and payments infrastructure with Temenos will enable CEC Bank to deliver improved products and superior experiences for our customers.
“Temenos offers a best-in-class core banking solution and unifying our business lines on their agile platform will help us to scale more efficiently and innovate faster as we drive the future growth of our business.”
"Romania’s CEC Bank adopts Temenos core banking platform" was originally created and published by Retail Banker International, a GlobalData owned brand.
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