Latest agreement highlights Orion's leadership
role in transforming the Financial Services industry across the MEA
Region
EDISON,
N.J., May 23, 2024 /PRNewswire/ -- Orion
Innovation ("Orion"), a leading digital transformation and
product development services firm, today announced it has signed a
deal with Stanbic Bank Kenya to facilitate a core banking
upgrade and modernization effort. As part of the agreement, Orion
will implement Temenos' cloud-based digital banking platform within
Stanbic Bank Kenya's operations, enabling enhanced customer
experiences and delivering innovative digital solutions.
Orion, a globally certified & trusted Temenos partner, was
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. The ambitious project involves 90+ integrations and 6000+
local code conversions. To accelerate the project timeline, Stanbic
Bank Kenya will use Orion's industry-leading Test Automation tools
and services.
"We are excited to partner with Stanbic Bank Kenya on the bank
modernization initiative," said Anoop
Gala, Orion's Global Head of Financial Services. "Our team is committed to fueling digital
innovation in the African Financial Services market by securing our
banking partners in deploying advanced implementation tools which
ensure compliance and advance their project
timelines."
Suchen Janjale, Orion's Head of Financial Services in
Europe, said, "Our comprehensive
offerings around Temenos, coupled with our proven track record in
efficient and successful upgrades and integrations, were
instrumental in Stanbic Bank Kenya's decision to choose Orion as
its trusted partner."
Dr. Joshua Oigara, Stanbic Bank
Kenya and South Sudan Chief
Executive said, "Technology and innovation are central to our
continued growth in a highly digitized and complex banking
environment. This upgrade adds to our technological capabilities
and enables us to better serve our clients both on a local and
global scale. We are proud to partner with Orion and to leverage
its strong background and expertise in driving system
modernization."
Alex Siboe, Stanbic Bank Kenya Head of Technology, said,
"Transforming customer experience through technology is at the
cornerstone of the bank's strategy. Aligned with our objective of
delivering exceptional client experiences and superior value, we
consistently work towards adopting the right technologies to drive
efficiency and satisfaction for our clients. This upgrade fits into
our digital transformation journey and will help us provide a
seamless and superior banking experience to our customers.
Furthermore, through this upgrade, we will not only enhance our
operational efficiency but also offer innovative services to our
customers, meeting their evolving needs in today's digital
era."
About Stanbic Holdings Plc
Stanbic Bank Kenya is a member of the Standard Bank Group,
Kenya's seventh-largest commercial
bank by assets. Founded on a solid legacy that spans over 100
years, Stanbic Bank Kenya continues to move forward with its
purposeful strategy to drive Kenya's growth and to be the leading financial
services organization in Kenya,
delivering exceptional client experiences and superior value.
Stanbic Bank is licensed and regulated by Central Bank of
Kenya and provides the full
spectrum of financial and banking services for Corporates, SMEs and
Individuals. For more information,
visit www.stanbicbank.co.ke.
About Orion Innovation
Orion Innovation ("Orion") is a leading digital transformation
and product development services firm. Rooted in engineering and
design thinking, along with a unique combination of agility, scale
and maturity, its team of approximately 6,400 associates helps
Fortune 1,000 companies improve efficiencies, enhance customer
experiences, and develop new digital offerings. Through its
delivery centers in North America, EMEA, India and Latin
America, Orion serves clients across Financial Services,
Hi-Tech, Telecom & Media, Sports & Entertainment,
Professional Services, and Healthcare industries. For more
information, visit www.orioninc.com.
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SOURCE Orion Innovation