NBS Bank swaps Temenos T24 core banking system for Oracle Flexcube
Malawi-based NBS Bank has gone live with a new core banking system, Flexcube, and digital channel solutions provided by Oracle FS.
NBS Bank goes live with new core, Oracle Flexcube
Flexcube has replaced the legacy T24 core banking platform from rival banking tech vendor Temenos.
Inqxhuiniso Dzoole-Mwale, the bank’s acting head of strategy, products and marketing, says the new core marks “a significant upgrade” from the old system, “offering modernised technology, scalability, performance improvements, and enhanced cost-effectiveness and flexibility for customers”, as reported by The Maravi Post.
NBS Bank is a mid-size domestic financial institution, offering retail, SME and corporate banking services.
Flexcube has a long-established presence in Malawi, with customers including CDH Investment Bank; a local subsidiary of pan-African banking group Ecobank (Flexcube is used across the Ecobank group); and the Reserve Bank of Malawi, the country’s central bank.
