Komerční banka, one of the largest banks in the Czech Republic, has chosen Temenos Transact to digitally transform its banking and future-proof its business growth.

Komerční banka is a universal bank providing a wide range of services in retail, SME, corporate and investment banking to more than 1.6 million customers.

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It ranks among the leading banking institutions in the Czech Republic and in Central and Eastern Europe.

Temenos will decrease time to market for innovative current, savings and deposit account services and lending products.

It will also streamline straight-through-processing across its retail and corporate banking operations.

Operating an extensive branch network

Komerční banka’s services are accessible through a network of more than 240 branches as well as digital banking channels including mobile and internet banking.

The modernization of its core system with Temenos constitutes a crucial step in Komerční banka’s long-term strategy to reinforce its leadership in digital banking in the Czech Republic.

Simplification of IT systems and consolidation on Temenos’ platform will enable Komerční banka to bring new products to market faster.

It will also enable Komerční banka to deliver an enhanced service with real-time processing and acceleration of customer journeys in retail and corporate segments.

Strengthening a reputation for digital leadership

Additionally, Temenos’ flexible and agile technology will allow Komerční banka to rationalize its product portfolio and provide a foundation to future-proof business growth.

Komerční banka has a reputation as a digital leader. Temenos API-first technology will allow the bank to accelerate the development and integration of new services.

A key factor in Komerční banka’s decision to select Temenos was the rich banking functionality of Temenos Transact for retail and corporate banking.

Komerční banka offers a diverse range of deposit, credit, lending and payment services for individuals, small business and corporate customers.