Customer Background:
Introduction:
The Commercial Bank of Ethiopia is the largest commercial bank in Ethiopia. As of June 2021, it had about 25.3 billion USD in assets, 1900 + branches and 30 Million plus accounts. Founded in 1942.
Business Objective:
To evolve into a world-class commercial bank, driving Ethiopia’s financial future with innovative banking solutions and exceptional customer service.
Project Overview and Technological Implementation:
1. TEMENOS T24 Re-Implementation (R10 to R17):
Duration: 6 months
Tech Stack: Java, JavaScript, ASP.NET, PLSQL, Bootstrap, InfoBasic
Team Composition: 1 PM, 5 Business Consultants, 5 Technical Consultants service
2. TEMENOS T24 R16 Implementation for Subsidiary Banks:
Duration: 6 months
Tech Stack: Java, JavaScript, ASP.NET, PLSQL, Bootstrap, InfoBasic
Team Composition: 1 PM, 5 Business Consultants, 5 Technical Consultants
3. Interest-Free Banking Implementation:
Duration: 8 months
Tech Stack: Java, JavaScript, ASP.NET, PLSQL, Bootstrap, InfoBasic
Team Composition: 1 PM, 5 Business Consultants, 5 Technical Consultants
4. Prize-Linked Savings Implementation:
Duration: 2.5 months
Tech Stack: Java, JavaScript, ASP.NET, PLSQL, Bootstrap, InfoBasic
Team Composition: 1 PM, 5 Business Consultants, 5 Technical Consultants
5. Micro Saving and Loan Implementation:
Duration: 2.5 months
Tech Stack: Java, JavaScript, ASP.NET, PLSQL, Bootstrap, InfoBasic
Team Composition: 1 PM, 5 Business Consultants, 5 Technical Consultants
Overall Project Impact and Conclusion
Overall Project Impact:
- Improved Functionality: Enhanced performance and capabilities of CBE’s banking systems.
- Global Processing: Enabled more efficient and streamlined global banking operations.
- Platform Improvement: Upgraded platforms to modern standards, ensuring better reliability and performance.
- Streamlined Integration: Simplified and enhanced integration with various banking systems and applications.
- Enhanced Reporting: Improved reporting capabilities, providing more insightful and actionable data.
- Extended Investment Value: Maximized the value of existing investments in technology and infrastructure.
- Increased Productivity: Boosted overall productivity through better tools, systems, and processes.
Conclusion:
- USI’s partnership with the Commercial Bank of Ethiopia showcases our capacity to deliver comprehensive and innovative technology solutions.
- Our expert team, with a combined experience of 55 years, successfully upgraded and implemented TEMENOS T24 systems, customized banking solutions, and improved the overall functionality and productivity of CBE’s operations.
- This collaboration underscores our commitment to enhancing banking infrastructure and supporting CBE in its mission to drive Ethiopia’s financial future.
