Oriental Bank signs deal with Temenos AG

The Oriental Commercial Joint Stock Bank (OCB) on December 19 officially formed a strategic alliance with Switzerland-based Temenos Group AG, the provider of integrated modular core banking systems to financial institutions worldwide, to jointly carry out T24, the latter's modular core banking system.

The implementation of this system is part of the bank's network expansion plan across the country from now to 2010.

Particularly, OCB will use the T24 software of Temenos to support the bank's business and banking activities such as ledger system, customer information, accounts, products and services of deposit and lending, especially retail activities and other activities.