Bank Standard to implement the T24 core banking system from Temenos

Bank's Customs Services official, Jahangir Akhundov, said the bank has signed a contract with Temenos Group, the provider of integrated core banking systems, to implement T24 system.

Temenos Group is a provider of integrated modular core banking systems to over 500 financial institutions worldwide, as well as CommerzBank, Raiffeisen Zental Bank, Merill Lynch bank, European Finance Group etc.

The project will be started in February and expected to be complete by January, 2008.