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KBC Bank Ireland Embraces Temenos T24 Core Banking

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Temenos has just picked up another bank: KBC Bank Ireland has signed up for both the company’s core banking system, T24, as well as Temenos’ Insight Business Intelligence Suite.

Deployment of T24 will help the bank focus on more personalized customer service and on delivering innovative banking products, according to KBC Bank Ireland Chief Executive Wim Verbraeken. The move is part of a broader rollout that includes providing full online and mobile banking capability to its retail customers.

Among the selling points of T24 was the platform’s “product-building capability.” In the words of Jean-Michel Hilsenkopf, Temenos Regional Director for Europe, this will allow KBC Bank Ireland to bring new financial products to market quickly “without the need to write bespoke code.”

KBC Bank Ireland is one of the largest banks in Ireland. The bank reported total retail deposits of €2.9 billion – a year over year increase of €0.8 billion – and added more than 7,000 new customer accounts in the last three months of Q3 (quarter ending September 2013). KBC Bank Ireland has more than 700 employees and is headquartered in Dublin. New branches were opened recently in Limerick and Galway.
Temenos was founded in 1993 and is based in Geneva, Switzerland. The company has more than 1,500 customer deployments in 125 countries around the world. Temenos is among the companies that will be presenting at FinovateEurope 2014 in February. To learn more about our upcoming event in London, visit our information page here.