South African microfinance institution Barko Financial Services has selected Temenos‘ T24 Transact and Infinity for replacing its legacy systems in both core and front office, thereby improving the customer experience. The implementation will allow Barko to offer financial products aimed at the lower-income South African consumers. It is expected to reduce the time taken for originating loans, for targeting re-loan applications as well as for new loan completion. Kobus de Wet, Chief Executive Officer, Barko Financial Services, said, “We are delighted to be working with Temenos as our strategic technology partner. Temenos has a worldwide reputation for robust, scalable banking software and an extensive presence in the African region. We selected Temenos’ packaged and open banking software to transform our customer experience, offer personalized products and services and drastically lower our total cost of ownership. With Temenos, we will be able to launch capabilities ...Read More
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