No Result
View All Result
Monday, August 4, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Libya’s ATIB Assaraya bank to use Temenos cloud platform in its digitalization drive

bySami Zaptia
February 27, 2020
Reading Time: 1 min read
A A

By Sami Zaptia.

(Logo: ATIB).

London, 27 February 2020:

Libya’s private sector Assaray Trade and Investment Bank (ATIB), known locally as Assaraya bank, is to use Temenos cloud banking platform as part of its ongoing digitalization process. This will be used to replace its core banking system, improve its retail and corporate banking and accelerate its digital transformation.

The software will provide preconfigured country-specific functionality to help ATIB meet regulatory requirements and business practices.

In December ATIB introduced biometric identification as part of its electronic Know Your Client/Customer (e-KYC) system. It claimed that it is the first bank in Libya to introduce biometric identification.

RELATED POSTS

Former ATIB bank Chairman Naaman Elbouri recalls his unjust kidnapping and detention – calls on CBL Governor to implement law against those unjustly accused

ATIB’s new Board of Directors assumes its duties – takes over from CBL installed Interim board

The system will use fingerprint and facial recognition technology which it says does away with the need for paper-based signatures. It assures the public that all its data will be encrypted and saved in secure databases.

The bank said that the new service is part of its overall digitalisation process that it has launched in 2019 to have all its banking services digitalised by 2022. It says that the most important element of digitalisation is the verification (KYC) of customers and that biometric identification is the cornerstone of any digitalisation project. The bank adds that biometric identification guarantees 100 percent safety.

 

 

https://www.libyaherald.com/2019/12/14/atib-introduces-biometric-kyc-as-part-of-its-digitalisation-process/

 

https://www.libyaherald.com/2019/10/26/atib-bank-opens-new-regional-hq-and-benghazi-branch/

 

https://www.libyaherald.com/2019/02/06/assaray-trade-and-investment-bank-to-raise-capital-to-ld-100-million/

 

https://www.libyaherald.com/2017/10/19/e-payment-workshop-held-in-tripoli-in-effort-to-reduce-libyas-need-for-cash/

 

https://www.libyaherald.com/2017/08/30/assaray-bank-to-open-new-branch-in-benghazi/

 

https://www.libyaherald.com/2017/06/18/assaraya-bank-chairman-and-two-other-bank-colleagues-released-after-brief-illegal-arrest/

 

Tags: ATIB Assaray Trade and Investment Bankdigitalisation digitalizationfeatured

Related Posts

GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Business

Aldabaiba hails new instant salary payment system for controlling waste in the state-sector section of the budget

August 4, 2025
CBL receives results from meetings with international banks
Business

CBL to bring FX rate of dinar to less than LD 7 per US$: CBL Governor Issa

August 4, 2025
LAIP delegation visits Maputo, Mozambique to recover seized rice project
Business

LAIP to focus on several internal investment projects – to improve quality of life and local development

August 1, 2025
Tripoli Libyan government’s official tendering and procurement website ‘‘Attaat’’ is operational
Business

Tripoli Libyan government’s official tendering and procurement website ‘‘Attaat’’ is operational

August 1, 2025
CBL receives results from meetings with international banks
Business

CBL introduces the state sector Instant Salary Payment System

August 1, 2025
Libya and Shell discuss several areas of cooperation
Business

Minister of Oil and Gas discusses with Japanese Ambassador strengthening cooperation and attracting Japanese companies to Libya’s energy sector

July 31, 2025
Next Post

UNSMIL condemns continuing truce violations as its beleaguered Libya political track negotiations in Geneva go ahead - despite boycotts

LPTIC agrees with Ericsson on maintenance and development of its networks and infrastructure

ADVERTISEMENT

Top Stories

  • Tripoli Defence Minister Namroush takes steps to secure Tripoli after Bashagha alleged assassination attempt

    Tripoli Defence Ministry warns of unspecified precision air strikes against human smugglers and drug traffickers

    0 shares
    Share 0 Tweet 0
  • Khoms port discusses development with Turkish company Orbitel

    0 shares
    Share 0 Tweet 0
  • CBL grants licenses to 52 new FX bureaux – bringing total to 187

    0 shares
    Share 0 Tweet 0
  • Tripoli Health Ministry discusses with India enhancing health cooperation through training and activating existing agreements

    0 shares
    Share 0 Tweet 0
  • Minister of Oil and Gas discusses with Japanese Ambassador strengthening cooperation and attracting Japanese companies to Libya’s energy sector

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Aldabaiba hails new instant salary payment system for controlling waste in the state-sector section of the budget

CBL to bring FX rate of dinar to less than LD 7 per US$: CBL Governor Issa

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.