Centenary Bank has unveiled a new core banking system, Flexcube, in order to enhance system stability, operational efficiency, customer experience, and drive innovation in the banking sector. The 18-month project, worth $14 million, was driven by the need to stay ahead of the bank’s rapid growth and dynamic needs.
“Our decision to adopt the Flexi-cube Banking System was driven by the need to stay ahead of the rapid growth and dynamic needs of our business, and we needed a more robust solution to remain competitive,” said Fabian Kasi, Managing Director of Centenary Bank.
“Our strategy as a bank is to become a smart bank where our customers can operate seamlessly, either through their phones, agents, or internet banking, with instant loan origination and faster access to loans,” Kasi added.
The Flexcube Banking System brings numerous benefits, including automated archiving, reusable APIs, and an intuitive web-based interface, making banking more accessible and enjoyable for customers.
“This monumental achievement would not have been possible without the dedication and collaboration of our various stakeholders,” Kasi said. “We are setting a new standard in banking, and I am excited about the future we are building.”
The successful implementation of Flexcube is a testament to the bank’s commitment to innovation and customer satisfaction, setting a new standard in banking.
Centenary Bank is confident that this new system will enable it to deliver unparalleled services to its customers and remain competitive in the banking industry.
