Wevioo supports NAIB Bank strategic digital transformation program and the selection of its core banking solution
NAIB Bank has selected Nexus Global Banking as a Partner for its Temenos Transact T24 strategic implementation
– In October 2020, NAIB launched an RFP (Request For Proposal) to select a Partner for T24 implementation in order to achieve its strategic objective of modernization to better serve its customers. After a rigorous selection driven by professionals from Wevioo Consulting company, NAIB
Bank has chosen Nexus Global Banking (NGB) as a Partner for its Temenos Transact T24 implementation, in its last version R21, to substitute the bank’s current legacy system.
NAIB Bank, offshore bank, will replace its old information systems in order to take advantage of the richness and scalability of functionalities offered by Temenos Transact. Its challenge is to modernize and simplify the current business processes which will help NAIB Bank become a first rank Financial Institution with more proximity and customers’ satisfaction.
The new robust and totally integrated Core Banking will enable simplify different processes by offering a high-level control and a significant performance. This will help the bank build a 360° view of its customers, an efficient management of its Trade Finance operations, innovative operations related to securities’ management and a reliable internet Banking service in order to add more commercial agility and better customers’ proximity.
In his opening speech, Mr. Abdelkarim Omran ZARTI, Chairman, NAIB Bank, commented “it is a historic day for NAIB Bank to sign a contract for the implementation of Temenos Transact T24 with NGB. This was achieved after great efforts of bank’s team with wide collaboration with Lybian Foreign Bank on all aspects mainly human, technical, and advisory level. The implementation of this system will open up new
horizons for the Bank”.
Mr. Mourad HOUISSA, Deputy CEO, NAIB Bank: « In our bank, it was very important to select and collaborate with a Temenos Partner who shares with us the same approach and vision and understands perfectly our project context and who will help our team gather the Core Banking knowledge and capabilities in order to achieve the high level customers’ satisfaction in our market. We are delighted to work hand-in-hand with NGB with an efficient and flexible way in order to make this experience a success story. »
Mr. Lahcen ABOUNASSER, CEO, NGB: « We are delighted about being chosen by NAIB Bank after a tough and rigorous selection process in order to accompany the bank shape their strategic vision of modernization, growth and innovation of its product catalog. Temenos Transact, combined with TCIB : Temenos Connect for Internet Banking, will certainly help NAIB Bank to take the challenge up of meeting the customers’ expectations in a Tunisian banking market, being more and more competitive. We are confident and committed to deliver this project in respect to the required timeline and quality and to support NAIB Bank during this exciting Journey. »
About NAIB Bank
The Bank was established in Tunis in November 1984 as an offshore banking unit, with an authorized share-capital of USD 30.000.000,00 equally subscribed between the Tunisian State and the Libyan foreign bank.
NAIB BANK deals mainly in international banking operations.
NAIB BANK has first built a wide international correspondent network and business relations in major financial centers. Then, its favorable local context and its incentive off-shore status helped to implement its own “business concept” targeted towards finalizing both resident and non-resident, small and mediumsize exporting enterprises ‘foreign trade operations.
NAIB BANK succeeded in this emerging sector and performed satisfactory financial results, enabling it to focus on wider market shares and on extending its international expertise towards foreign partnership and investments activities, which prospects for Tunisia, the base country, are more than attractive and promising.