Magyar Kulkereskedelmi Bank has chosen software from Switzerland-based Temenos as the foundation for its core banking operations throughout Hungary.
The bank will implement the core banking system of Temenos' Globus software suite along with lending and deposit, treasury, funds transfer, teller services, private banking, trade finance, image management, Swift and MIS modules. The system will be configured to support the bank's branch network throughout Hungary and will handle in excess of 1000 concurrent users.
Tamas Erdei, chairman and CEO of MKB, says: "With Temenos Globus as our foundation, we will be able to provide exemplary customer service, manage our costs, as well as have the capacity to grow our customer base through organic expansion and acquisitions."