ITSS Successfully Upgrades Temenos Transact at Citadele banka
Information Technology Solutions and Services – ITSS, a renowned global banking software integrator and solutions provider with twenty-three worldwide offices and over two decades of experience, announced the successful completion of a Temenos Transact upgrade project at Citadele banka (Citadele), Latvia.
Citadele aims to become a modern banking platform for the Baltics. An increasingly digital bank with a wide product suite and unique offerings for its private and business clients, complemented by innovative stand-alone solutions with unique value proposition. To support its strategy the Bank has been relying on technology and Temenos Transact, the most successful and widely used digital core-banking solution in the world.
The core banking system was upgraded from release Temenos Transact R19 to R22. The project started in March 2023 and went live in January 2024, allowing for a break for the holidays. The project was completed by ITSS consultants working from offshore with the Bank’s project team in Latvia.
The activities included converting the existing data to Transact R22, retrofitting local developments for Transact R22 compatibility, converting interfaces, installing R22 packs, checking COB compatibility, and conducting training. The ITSS project team supported the Bank’s team for SIT (Standard unit testing), and UAT (user acceptance testing). After the Bank went live, ITSS consultants stood by for post go-live support.
Guntars Andersons, Head of IT at Citadele, commented,
“We are excited to announce the successful completion of our core banking system upgrade. This milestone represents our commitment to enhancing operational efficiency, improving customer experience, and ensuring robust security. The upgraded system will enable us to better serve our clients, positioning us for continued growth and innovation in the dynamic financial landscape.”
He further added “I would highly recommend ITSS to anyone looking for a reliable and professional partner for their Temenos Transact upgrade project.”
Selvakumar Ammayappa, Banking Services Director Europe at ITSS remarked,
“I congratulate ITSS team and Citadele project team for successful completion of Temenos Transact upgrade project. Our project team and Citadele team worked seamlessly and in tandem to embark on a new Transact core banking release. We are happy that Citadele is on track with the modernization of its core system.”
About Citadele banka
Citadele’s mission is to modernize the financial sector by offering, in addition to classic banking services, a range of services based on the latest generation of financial technologies for both private individuals and entrepreneurs throughout the Baltics.
Visit their website to find out more: http://www.citadele.lv
About ITSS (Information Technology Solutions & Services)
ITSS Global is a technology company headquartered in Geneva, Switzerland. ITSS primarily provides banking technology, products, applications, support, and maintenance services, in addition to implementing Temenos Digital Banking services. ITSS has a worldwide presence with 23+ strategic international offices and over 850 expert consultants. Visit their website to find out more: https://www.itssglobal.com
