New Jersey-based Orion Innovation has won a major software testing and digital transformation contract with Stanbic Bank, a major player in Kenya and the rest of East Africa.
Orion, a software solution provider which is actively targeting the Middle East and Africa, said it signed the deal during a ceremony in Kenya’s capital of Nairobi.
The multi-year agreement, for which financial details were not disclosed, is aimed at facilitating a core banking upgrade and digital modernisation efforts.
As part of the agreement, Orion will implement Temenos’ cloud-based digital banking platform within Stanbic Bank Kenya’s operations.
Orion said it was selected as Stanbic Bank Kenya’s partner for the upgrade after both parties agreed the project will involves 90+ integrations and 6000+ local code conversions.
Throughout the process, Stanbic Bank Kenya will use Orion’s existing Test Automation tools and services.
Objectives
Following the signing ceremony in Nairobi, Anoop Gala, Orion’s global head of financial services, said “our team is committed to fuelling digital innovation in the African financial services market by securing our banking partners in deploying implementation tools which ensure compliance and advance their project timelines.”
In addition, Dr. Joshua Oigara, Stanbic Bank Kenya and South Sudan’s chief executive stressed that “technology and innovation are central to our continued growth in a highly digitised and complex banking environment.”
He pointed out that “this upgrade adds to our technological capabilities and enables us to better serve our clients both on a local and global scale.”
Stanbic Bank Kenya part of the Standard Bank Group, among Kenya’s largest commercial bank by assets.
Meanwhile, Orion Innovation has a global team of approximately 6,400 associates serving primarily banks and financial services in a range of countries, including the U.S., most of EMEA.
It has delivery centres in North America, Europe and India. In recent years, the firm’s been eyeing growth in a host of Middle Eastern and African markets, with the Kenyan financial services firmly on the company’s radar.
COUNTING DOWN
READ MORE
- Exclusive: Parasoft CEO talks competition, compliance and GenAI
- More code releases will lead to outages, warns Tricentis CEO
- Pentester Horizon3.ai shoots NodeZero platform into the cloud
- Sopra Banking Software wins BTK Bank deal for digital upgrade
- LambdaTest launches new real-time debugging tool
Become a QA Financial subscriber – for FREE
News and interviews * Receive our weekly newsletter * Get priority invitations to our Forum events
