CQUR Bank Upgraded Core Banking System to Enhance Efficiency and Customer Experience

October 16, 2024

CQUR Bank LLC successfully upgraded its core banking system from Temenos Transact R17 to R23, the latest stable version of the industry-leading solution. This led to significant improvements in functionality, performance, and security

The R23 upgrade streamlines processes for both customers and staff, resulting in faster and more effective transactions. It introduces advanced risk management features that enhance the Bank's ability to mitigate potential threats while ensuring compliance with evolving regulatory standards. A vital advantage of the R23 system is its improved scalability, which enables CQUR Bank to expand its operations seamlessly. Its flexible infrastructure adapts to the bank's growing needs, ensuring that CQUR Bank can handle increasing demand while maintaining high-quality service.

“The transition to R23 aligns with our ongoing strategy to leverage cutting-edge technology to optimize efficiency, enhance risk management, and offer our clients a secure, seamless banking experience,” said Asad Zaidi, COO of CQUR Bank.

“In the past two months, CQUR’s IT team has completed four major projects,” added Raghid Charara, CIO of CQUR Bank. “These successes were made possible through hard teamwork, dedication, strong internal support, and close collaboration with our partners and suppliers. I want to thank everyone who contributed to these accomplishments.”