Bank of Beirut UK has successfully transitioned to Temenos Core Banking and Payments platform, completing a comprehensive system overhaul in just over 15 months with implementation partner LTIMindtree.
The London-based subsidiary now operates a unified technology infrastructure with its parent institution, Bank of Beirut, one of Lebanon's leading financial institutions. This alignment enables the UK entity to deliver an expanded portfolio of retail, commercial, and deposit products alongside specialized trade finance services for clients across the UK, Europe, Africa, and the Middle East.
The migration from legacy infrastructure positions Bank of Beirut UK to scale its correspondent banking relationships and accelerate product launches while reducing operational costs. The bank now offers enhanced capabilities for businesses engaged in cross-border commerce, particularly in trade finance corridors connecting multiple regions.
"Moving to Temenos' contemporary platform enables us to expand our trade finance operations and enhance both corporate and retail banking services," said Sophoklis Argyrou, CEO of Bank of Beirut UK. "We're now equipped to deliver a wider range of products with improved speed and efficiency."
Mark Yamin-Ali, Managing Director for Europe at Temenos, noted that the implementation demonstrates the platform's ability to support banks operating across multiple jurisdictions. "This go-live strengthens our European presence while building on our established partnership with Bank of Beirut," he stated.
The 15-month implementation timeline reflects a relatively swift execution for a full core banking replacement, with LTIMindtree providing ongoing managed services for production support and future development.