Stanbic Bank Kenya Partners with Orion Innovation for Strategic Modernization

  • Banking
  • 24.05.2024 03:25 pm

Orion Innovation  ("Orion"),  a leading digital transformation and product development services company, today announced that it has signed an agreement with Stanbic Bank Kenya to facilitate an upgrade and modernization effort of basic banking services. As part of the agreement, Orion will implement Temenos' cloud-based digital banking platform within Stanbic Bank Kenya's operations, improving customer experience and providing innovative digital solutions.

From Left to Right: Dr. Joshua Oigara, CEO at Stanbic Bank Kenya and South Sudan; Alex Siboe, Head of Technology at Stanbic Bank Kenya; Mustajab Ali, Director Business Development, MEA at Orion Innovation; and Anoop Gala Orion’s Global Head of Financial Services (PRNewsfoto/Orion Innovation)

Orion, a globally certified and trusted Temenos partner, has been selected as Stanbic Bank Kenya's partner to upgrade its Transact application from R17 to R23 and migrate from TAFC to the new TAFJ standard. This ambitious project involves more than 90 integrations and more than 6,000 local code conversions. To accelerate the project timeline, Stanbic Bank Kenya will use Orion's test automation tools and services .

“We are delighted to partner with Stanbic Bank Kenya as part of the bank's modernization initiative,” said Anoop Gala, Global Head of Financial Services at Orion. Our team is committed to fueling digital innovation in the African financial services market by helping our banking partners deploy advanced implementation tools that ensure compliance and advance their project timelines. »

Suchen Janjale, Head of Orion Financial Services in Europe , added: “Our comprehensive offerings around Temenos, combined with our proven track record of efficient and successful upgrades and integrations, have been instrumental in the decision of Stanbic Bank Kenya to choose Orion as its trusted partner.'

Joshua Oigara, Managing Director of Stanbic Bank Kenya and South Sudan, commented: “Technology and innovation are key to our continued growth in a highly digitized and complex banking environment. This upgrade strengthens our technological capabilities and allows us to better serve our customers locally and globally. We are proud to partner with Orion and leverage their experience and expertise in systems modernization. »

Alex Siboe, Head of Technology at Stanbic Bank Kenya, said: “Transforming customer experience through technology is the cornerstone of the bank’s strategy. In line with our goal of providing exceptional customer experiences and superior value, we are constantly working on adopting the right technologies to drive efficiency and customer satisfaction. This upgrade is part of our digital transformation journey and will help us deliver a seamless and premium banking experience to our customers. Furthermore, through this upgrade, we will not only improve our operational efficiency but also offer innovative services to our customers, meeting their ever-changing needs in today's digital era. »

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