Saudi EXIM Bank Goes Live on Temenos Core Banking Platform

Temenos’ leading functionality and modern technology enable Saudi EXIM Bank to drive operational and financial efficiency in trade finance

GENEVA, SWITZERLAND  –  EQS Newswire – 29 March 2023  –  Temenos ( (SIX: TEMN) today announced that Saudi Export-Import Bank (Saudi EXIM Bank) ( has implemented Temenos core banking platform (, going live in just six months. Temenos enables Saudi EXIM Bank to drive operational and financial efficiency, making it faster and easier for businesses to access trade finance, promoting job creation and economic growth in the Kingdom of Saudi Arabia (KSA).

Temenos’ modern and cloud-native, core banking platform was rapidly deployed. Saudi EXIM Bank worked closely with Temenos and its consultancy and implementation partners, which brought deep local market expertise. Furthermore, Temenos KSA Model Bank approach offered pre-packaged functionality and best practices, which helped the bank meet its business and regulatory requirements in a timely and effective way. Temenos Project Consulting Services with their knowledge and best practices also helped accelerate the project delivery.

Saudi EXIM Bank provides holistic financial services, catering specifically to the needs of businesses in KSA engaged in international trade. By implementing Temenos core banking platform, the bank can streamline its operations and automate processes increasing the bank’s operational efficiency. Temenos’ open platform for composable banking offers flexible and comprehensive coverage for a variety of facility types.

Saudi EXIM Bank was established in 2020 to promote the export of Saudi non-oil products and boost their competency across economic sectors in the global markets. The bank provides financing services, guarantees, and credit insurance with competitive advantages, to enhance confidence in Saudi products.

H.E. Eng. Saad Bin Abdulaziz AlKhalb, CEO of Saudi EXIM Bank, commented: “Our core banking system implementation with Temenos is a step forward for Saudi EXIM Bank to better equipped for achieving the development goals of the Kingdom’s Vision 2030. It will enable faster transaction processing times, improved customer experience, and a more efficient use of resources. It will also help us to better manage risks, with improved data analytics and real-time monitoring capabilities. We are pleased that we have been able to go live in such a short time aided by Temenos’ understanding of banking in Saudi Arabia and its pre-built banking processes.”

William Moroney, Managing Director – Middle East and Africa, Temenos, said: “I would like to extend my congratulations to the team at Saudi EXIM Bank on their go-live with the Temenos cloud-native core banking platform. To implement a new core banking system in under six months is a fantastic achievement. Temenos has a strong presence in the Middle East region with the experience of taking many of the region’s leading banks live on our platform. Banks of the future need a modern, agile core and with deployable components which cover all areas of banking. We look forward to seeing Saudi EXIM Bank and trade finance flourish in KSA on their new Temenos platform.”

Prema Varadhan, President Product and Chief Operating Officer, Temenos, said: “With clients such as Allied Irish Bank (AIB) ( in Ireland, Commerce Bank ( in the USA, and Al Rajhi ( in Saudi Arabia, corporate banking is a key focus for Temenos. We have a robust product roadmap and we continue to invest heavily to deliver rich corporate banking functionality to help banks reduce the number of legacy systems on a cloud-native platform and improve automation and efficiency.”

In 2022, Temenos was named a leader in The Forrester Wave™: Digital Banking Processing Platforms for Corporate Banking, Q3 2022 (, with Forrester stating that “Temenos sets the pace in AI-powered banking capabilities and application architecture.”

Distributed by APO Group on behalf of Temenos.

About Temenos:
Temenos (SIX: TEMN) is the world’s leading open platform for composable banking, creating opportunities for over 1.2 billion people around the world every day. We serve 3000 banks from the largest to challengers and community banks in 150+ countries by helping them build new banking services and state-of-the-art customer experiences. The Temenos open platform helps our top-performing clients achieve return on equity three times the industry average and cost-to-income ratios half the industry average. For more information, please visit

Media Contacts:
Jessica Wolfe & Scott Rowe
Temenos Global Public Relations
Tel: +1 610 232 2793 & +44 20 7423 3857

Alistair Kellie
SECNewgate on behalf of Temenos
Tel: +44 20 7680 6550


House committees’ clash: March 8 forces on edge…The aim is to torpedo the municipal elections
Tension explodes in House committees’ meeting…Retirees to take to the streets tomorrow in pursuit of lost salaries
From incitement over time zone to parliament slurs
European concerns about Lebanon…Sectarian rhetoric on the rise and growing fears of ‘street explosion’

Source: National News Agency – Lebanon


In continuation of the strong cooperation between the League of Arab States (LAS) and the United Nations Office on Drugs and Crime (UNODC), the ‘Regional Framework for the Arab States (2023 – 2028)’ was signed and the ‘Arab Plan for Prevention and Reduction of the Dangers of Drugs to Arab Society: Towards Effective Handling of the Issue from a Social Perspective’ was launched today Sunday the 26th of March at the LAS Headquarters. H.E. Mr. Ahmed Aboul Gheit, Secretary-General of LAS and H.E Ms. Ghada Waly, UNODC Executive Director co-signed the aforementioned Regional Framework (2023 – 2028).
The signature of the Framework and the launch of the Plan included the participation of H. E. Ms. Nivine El Kabbaj, Minister of Social Solidarity of the Arab Republic of Egypt and Permanent Member of the Executive Office of the Council of Arab Ministers of Social Affairs, H. E. Maryam Bint Nasser Al-Misned, Minister of Social Development the State of Qatar and Chair of the 42nd session of the Council of Arab Ministers of Social Affairs, and with the presence of the Permanent Member States’ Ambassadors at LAS, a number of Ambassadors of different countries, in addition to Heads and Representatives of United Nations bodies and agencies.
The Regional Framework for the Arab States 2023-2028 acts as the overarching strategic framework for cooperation between UNODC and LAS. It frames how UNODC will strengthen, prioritize, customize, and deliver support to the Arab region in effective response to some of the most pressing challenges faced by these countries and in connection with UNODC’s mandates and specialties.
The Regional Framework articulates six focus areas for guiding UNODC-implemented programming at the regional and national levels and they are: a balanced approach to drug control, strengthening the response to organized crime, combating trafficking in persons and smuggling of migrants, action against corruption and financial crime, preventing and countering terrorism and violence, and strengthening crime/violence prevention and criminal justice.
Furthermore, the Regional Framework applies six key accelerators across all programmatic interventions to speed up progress and maximize efforts towards fast-tracking the Sustainable Development Goals (SDGs) and they are: partnerships, women and girls, innovation, science, and forensics, human rights, youth and children, and inclusive and people-centered programming. The programme will also support UNODC’s partnership expansion with Member States in the region to include current vital Ministries and Institutions relevant to youth, solidarity, education, culture, human rights, countering corruption; in addition to previous partnerships with the Ministries of Justice, Interior, and Health.
The event also saw the launch of the Arab Plan for Prevention and Reduction of the Dangers of Drugs to Arab Society: Towards Effective Handling of the Issue from a Social Perspective. This important plan represents a regional social framework for combating drugs in the Arab States by highlighting the social dimension of drug demand reduction in the context of its negative impact on social development in specific and sustainable development in general. This is also at the heart of efforts to achieve the Arab Declaration adopted by LAS in 2016 to implement the Sustainable Development Agenda 2023. The present document provides an indicative vision for guiding Arab action towards a comprehensive and integrated response based on scientific evidence and consistent with Arab specificity of this phenomenon. The Plan aims to build national strategies and action plans that meet national requirements and includes a number of initiatives, projects and activities that achieve their objectives in complementarity with Arab efforts to combat the supply of narcotic drugs and psychotropic substances through comprehensive actions that include proactiveness and social resolution.
The Arab Plan’s dimensions showcase the methods of how to address this phenomenon from a social perspective and in line with Arab countries’ regulations and conditions in order to implement effective interventions including related multidimensional social and development consequences and to strengthen Arab efforts to implement the 2030 Agenda for Sustainable Development. The important dimensions of the Plan include community prevention, rehabilitation and social integration, addressing drug-related harm and its consequences, as well as the dimensions and themes in support of the Plan’s areas of action, namely international cooperation, scientific research and innovation, coordination mechanisms, governance, implementation, measurement and impact assessment.

Source: National News Agency – Lebanon


Kataeb Party Leader, Sami Gemayel, on Wednesday utterly refused to have Hezbollah impose a president of the republic on the Lebanese.
‘Such a president would be the president of Hezbollah’s republic and not that of all the Lebanese,’ Gemayel said in a press conference.
‘The new Lebanese president should enjoy the ability and willingness to negotiate in order to restore sovereignty and deal with Hezbollah’s weapons,’ affirmed Gemayel.
The Kataeb leader then urged MPs to head to parliament and elect a president who can unite the Lebanese and who is not imposed on them.
Gemayel went on to censure the ‘provocative behavior and attempts to establish superiority over others, amid an unprecedented economic crisis.’
Referring to the dispute that dissolved yesterday’s joint parliamentary committees’ session, Gemayel said that the country could’ve been pushed to a very dangerous place if he had acted differently. ‘I don’t know where Lebanon would have been today,” Gemayel added.
The Kataeb chief further regretted that despite the pressing need to move forward, ‘some are still living in the past.’
“We’re well aware what war means, and we don’t want to return to it,” he warned.

Source: National News Agency – Lebanon


Syrian President Bashar al-Assad issued decree no. (91) for the year 2023 on a Cabinet reshuffle that includes five ministers.
The decree stipulates for appointing Dr. Firas Hassan Qaddour as Minister of Oil and Mineral Resources, Mr. Mohsen Abdul Karim Ali as Minister of Internal Trade and Consumer Protection, Dr. Abdel Qader Jokhadar as Minister of Industry, Mr. Louai Emad El-Din al-Munajjid as Minister of Social Affairs and Labor, and Mr. Ahmed Bustaji as Minister of State.
The decree also ends the appointment of Eng. Mohammad Fayez al-Barsha as Minister of State.

Source: National News Agency – Lebanon