Cambodia Post Bank Taps Fiorano for Temenos T24 Integration with NBC’s FAST System

Cambodia Post Bank Taps Fiorano for Temenos T24 Integration with NBC’s FAST System
16.09.2016 09:45 am

Cambodia Post Bank Taps Fiorano for Temenos T24 Integration with NBC’s FAST System

Infrastructure

Cambodia Post Bank (CPB) has selected Fiorano ESB to integrate its Temenos T24 core banking system with National Bank of Cambodia (NBC)’s FAST (Fast and Secure Transfer) system. NBC is the central bank for the Kingdom of Cambodia and as the monetary and supervisory authority, has introduced the FAST inter-bank transfer system to enhance transparency and reduce cash circulation.

Fiorano partnered with local system integrator, First Cambodia to deliver the solution. Integration with FAST system will also help CPB to reduce the time and fee on transactions between banks and microfinance institutions (MDIs). Customers will now be able to receive funds immediately in response to liquidity requirements.

“CP Bank is committed to provide the best-in-class service to our customers,” said Mr. Chanthol Krouch, IT Head at CPB. “Fiorano’s efficient integration solution provides us the agility to roll out new services for our customers. After implementing the current integrations, Fiorano will serve as the backbone of IT infrastructure for all future services and applications,” he added.

Fiorano ESB, underpinned with its unique peer-to-peer architecture and complimented with a pre-built library of Microservices, empowers the bank to rapidly deploy new products across multiple delivery channels. CPB will use Fiorano to integrate ATM and Mobile interfaces with its core banking system, building unique capabilities that allow the bank to compete effectively in the marketplace with differentiated products.

CPB joins another Fiorano success story from earlier this year, Canadia Bank, that also used Fiorano for integrating its Temenos T24 core banking system, becoming one of the first banks to launch FAST services in Cambodia. The implementation took only 3 weeks to go live.

T24 on Fiorano ESB incorporates proven enterprise architecture, service delivery, deployable business functionality and an integrated portfolio of SOA-enabled business services.

Related News

SEB SELECTS DTCC’S GLOBAL TRADE REPOSITORY IN SUPPORT OF ITS SFTR OBLIGATIONS

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that... Read more »

DER Touristik UK appoints CodeGen to power

DER Touristik UK has appointed travel technology company, CodeGen, to provide its end-to-end reservations system, TravelBox, to power premium long-haul travel brand Kuoni in... Read more »

Robocash Group and Reliance Finance launch a sharia compliant fintech service in Indonesia

Robocash Group announced the launch of sharia compliant service ... Read more »

IPChain: New Types of Intangible Assets at the 10th Global IP Exchange in Berlin on March 13, 2019

The IPChain Association and the Skolkovo Foundation organized a thematic round table dubbed, "New types of intangible assets and their relation to intellectual property",... Read more »

Digital PayExpo 2019

Transformative innovations in technology can drastically drive presence and scale when offering financial services, opening doors to the unbanked and underbanked populations.... Read more »

How banks benefit from using the best cash flow management solutions

It is no secret that banks invest hundreds of millions of euros in the development of their technical infrastructure annually. At the same time, the cost of key software... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App