Temenos, a global leader in banking technology, announced ADCB Egypt, a subsidiary of Abu Dhabi Commercial Bank Group, one of the leading banking institutions in the UAE, has gone live with Temenos Payments Hub to modernize its payments infrastructure and enable faster and more efficient cross border payments.
The implementation, delivered in collaboration with Temenos Delivery Partner ITSS, enables ADCB Egypt to process SWIFT payments for its retail and business customers using the ISO 20022 MX messaging standard. The new MX format provides richer, structured data for improved accuracy and interoperability between banks.
By adopting ISO 20022-ready capabilities within Temenos Payments Hub, ADCB Egypt achieves higher straight-through-processing STP, minimizing manual intervention and accelerating settlement times for customers. The solution also provides ADCB Egypt with centralized orchestration of payment flows, improving visibility and control. Its scalable technology efficiently handles the bank's growing transaction volumes and supports expansion to other payment types within a single enterprise hub.
