Vista Group has partnered with Temenos, the banking software company, to power its digital transformation journey
Vista Bank is transforming its IT systems using Temenos Infinity and Temenos T24 Transact. The company has selected the advanced analytics and reporting, risk and compliance modules as well as the Temenos Payments Hub product.
By implementing the Temenos software, the bank is set to be able to introduce new products and services more quickly, support its growth ambitions and continue to pursue its vision of becoming the financial institution of choice through innovative banking in its respective markets.
It will also enable the bank to offer market-leading services to its customers through enhanced digital channels whilst meeting its customers’ increasing expectations for enhanced functionality, products and services when conducting their banking transactions.
The Temenos regional model bank approach, which includes pre-configured local functionality and best practices, will enable Vista Bank to cater to specific regulatory requirements during its expansion. Currently operating through a network of 43 branches across Sierra Leone, Guinea and The Gambia, the group’s goal is to expand its footprint into the West African Monetary Union and the Central African market, targeting a presence in 15 countries by 2025.
Vista Bank has entered into strategic partnerships with global institutions to drive its growth strategy in SME banking, leasing, women’s business banking, meso-finance loans and supply chain finance in addition to expanding its consumer banking operations.
Simon Tiemtore, group chairman at Vista Bank, said, “This will help us realise our vision of building a truly pan-African financial institution group that will add value to the African economy and promote financial inclusion. Temenos is our trusted strategic technology partner and our customers will reap the rewards of its innovative API-first, cloud-native and cloud agnostic software.”
Femi Adeoti, managing director Africa Operations at Inlaks, noted, “As a distributor and reseller of Temenos software in West Africa for more than 20 years, it is our delight to provide best in class digital banking solutions to Vista Bank via Temenos, the global leader in banking software. Inlaks as a company thrives on providing innovative solutions that enable our customers to adapt and stand out in the ever-evolving landscape of financial technology.”
Jean-Paul Mergeai, managing director for the Middle East and Africa at Temenos, added, “This partnership further strengthens Temenos’ longstanding presence in West Africa where for years our real-time and scalable banking software has been helping financial institutions address their evolving customer demands and regulatory requirements. We look forward to working with Vista Bank as it transforms the services that it offers to its customers.”
