RCB Bank Ltd has successfully completed the upgrade of its core banking system with the support of Foranx LLC. Following five months of cooperation, the core banking system Temenos T24 was upgraded from R10 to R17 MSSQL DB.
The project included technical upgrade of the system; analysis and adoption of Bank’s local developments to R17 requirements; testing and setting up of interfaces for new release; setting up SEPA direct participation; and the installment of new T24 modules.
The Chief Executive Officer of Foranx Sergey Nosan said that following the first successful result, Foranx LLC and RCB Bank Ltd would continue their cooperation for “further development of RCB Bank Ltd information system”.
Welcoming the successful upgrade of the core banking system, RCB’s Chief Information Officer Dmitry Lyskov said that the new version had enhanced RCB’s banking operations and improved customer experience.
About RCB Bank Ltd:
RCB Bank Ltd was established on August 1st 1995, is one of the largest banks in Cyprus and among the European significant Banks, which are under the direct supervision of the European Central Bank through the SSM mechanism. The Bank operates branches in Nicosia, Limassol, Larnaca, Pafos and Luxembourg and has representative offices in London and Moscow.