IslamicFinance.de

Somalia's Sombank selected the Temenos Islamic Banking solution in the cloud to accelerate its digital transformation and create innovative products to increase access to financial services in Somalia. Sombank will implement the full front-to-back Temenos Islamic Banking platform, which combines the capabilities of Temenos Infinity and Temenos Transact. Temenos’ cloud-native technology will allow Sombank to create innovative digital products and offer lower cost services. Currently, Sombank serves customers via branch and online network and representative offices throughout Somalia. The bank will use the Temenos Infinity digital front office to create a unified customer experience for all financial and non-financial services across all channels.