Stanbic Bank Partners With Orion Innovation to Upgrade Its Core Banking System

Dr. Joshua Oigara, Chief Executive, Stanbic Bank Kenya and South Sudan exchange documents with Anoop Gala, Global Head of Financial Services, Orion Innovation during a software agreement signing ceremony. Looking on is Alex Siboe (Standing left) Head of Technology, Stanbic Bank Kenya and Mustajab Ali, Director, Business Development, Banktech (MEA).
Dr. Joshua Oigara, Chief Executive, Stanbic Bank Kenya and South Sudan exchange documents with Anoop Gala, Global Head of Financial Services, Orion Innovation during a software agreement signing ceremony. Looking on is Alex Siboe (Standing left) Head of Technology, Stanbic Bank Kenya and Mustajab Ali, Director, Business Development, Banktech (MEA).
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Stanbic Bank

To provide an optimized banking experience, Stanbic Bank has begun upgrading its core banking system called Temenos 24 (T24). The upgraded system will move the Bank to the latest version. The upgrade process will be done in phases and will be complete by the end of the year.

Through this upgrade, Stanbic will be better equipped for continued agility and innovation, which will translate to a superior banking experience for clients, marked by high-performance features and services.

To deliver this great milestone, the Bank has partnered with Orion Innovation Trading as Banktech Software Services Ltd, which is a US-based technology company specialising in digital transformative business solutions rooted in digital strategy, experience design, and engineering.

“Our team continues to make inroads into the African Financial Services market as we help fuel digital innovation in the region. The deal is another testament to our commitment to fostering growth and modernization in Africa’s financial sector,” noted Anoop Gala, Orion’s Global Head of Financial Services.