Case Study: Alrajhi Bank achieves faster Islamic banking innovation with Temenos Core

Alrajhi Bank launches new products in days with Temenos Core

Alrajhi Bank, the world's largest Islamic bank, faced the challenge of modernizing its core systems to meet the demands of a new, digitally-native generation and accelerated digitalization under Saudi Arabia's Vision 2030. Its legacy infrastructure could not support the rapid innovation cycles, faster product launches, and seamless digital experiences required to maintain leadership in a competitive market. The bank turned to its existing partner, Temenos, to implement the Temenos Core banking platform.

The solution involved a phased, iterative implementation of Temenos Core, starting with the entire lending portfolio, which was achieved with no customer-facing disruption. This allowed Alrajhi Bank to gain full in-house ownership and configuration capability, eliminating vendor dependency. As a result, Temenos enabled the bank to launch new products and features in days instead of weeks or months, providing a critical competitive advantage and forming the foundation for its comprehensive digital banking super-app.

Alrajhi Bank