08.11.2012 - Indonesia’s largest Islamic bank goes live with new modern core banking system
PT Bank Syariah Mandiri, the largest Islamic bank in Indonesia, has successfully installed TEMENOS T24 (T24) core banking solution to support the growth of its business. With the deployment of T24 Model Bank for Islamic banking, Bank Syariah Mandiri has been able to implement flexible core banking software, designed to mitigate operating costs and reduce operational risk. Indonesia is the biggest Muslim country with 202 million people. According to McKinsey, the economy of Indonesia has an enormous potential: Indonesia is now the 16th largest economy in the world and will become the 7th biggest by 2030. In comparison to the Middle East, Islamic Banking in Indonesia is driven more by retail, micro, and a society based on banking choices...............................................Full Article: Source
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