Industrial Bank of Korea Goes Live on Temenos
Temenos has revealed that Industrial Bank of Korea (IBK) has gone live on its CoreBanking offering. The system, which went live last month, enables IBK to have non-stop processing and shorter product development periods. IBK stands as one of Asia’s top 100 banks in assets. CoreBanking, jointly implemented by IBM Korea and IBK, will operate IBK’s 391 branches throughout Korea, offering 24/7 non-stop processing. These branches serve 10 million customers with 15 million active accounts, and their 2,358 ATMs/CDs generate an average of 10 million transactions per day, peaking at 15 million.