Temenos has announced that BEA International Bank, the newly established French subsidiary of Banque Extérieure d’Algérie (BEA), has gone live with Temenos Core Banking and Financial Crime Mitigation (FCM) as a cloud-based SaaS solution.
The deployment provides a scalable platform to support BEA International Bank’s operations and growth in France.
BEA International Bank has opened branches in Paris, Marseille and Saint-Denis, and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the European Central Bank (ECB) have approved it.
The bank offers a full range of services, including current and savings accounts, mortgage financing, and support for businesses and professionals.
The implementation included Temenos Core Banking and FCM, delivered as SaaS, alongside regulatory reporting tools adapted to local requirements.
Temenos Country Model Bank accelerators, which provide pre-configured products and compliance templates, supported a faster deployment.
Mohammed-Lamine Lebbou, Managing Director of BEA International Bank, said:
“Launching BEA International Bank in France is a major milestone for us. Temenos SaaS simplified the deployment of the core banking functionality for our new operations and gives us the flexibility and scalability to deliver innovative services to our customers while supporting our long-term growth ambitions.”
Santhosh Rao, Managing Director – MEA at Temenos, said:
“We are proud to support BEA International Bank in its launch in France. This go-live highlights Temenos’ experience in enabling banks across Europe to implement cloud core banking technology.”
Temenos and delivery partner LTIMindtree collaborated to deliver the project.
Featured image credit: Edited by Fintech News Switzerland, based on image by freepik
