ITSS delivers a 100% remote Temenos Transact implementation for Banco Ripley Peru amidst the COVID-19 lockdown

09/16/2020 ITSSGLOBAL
Versión en español

ITSS delivers a 100% remote Temenos Transact implementation for Banco Ripley Perú amidst COVID-19 lockdown

Geneva, September 16, 2020 – On June 22th, Banco Ripley, in Perú, launched a new central transaction system, or core banking system, with the production of T24 Temenos Transact R18. The project consisted of the migration of more than 1.7 million customers in 36 branches and various products of retail banking.

“We planned a 15-months project. We had chosen T24 because it has the functional depth and scalability that our business needs to continue growing. We knew that it was a challenging goal but we were also sure that we had the best team to achieve it, the best technological solution such as T24 Temenos Transact and the best integrator of this platform, Information Technology Solution Services (ITSS). The change was practically transparent for our clients and stakeholders and we trust that our business strategy will be able to be executed on this new technological platform”

Jorge Luis Sifuentes, VP of Operations & Technology – Banco Ripley-Peru

““When a company has participated successfully on more than 400+ projects in 41 countries, you would think that it has few challenges left to face. That’s when we had to go live in the middle of a global pandemic with most of the team working remotely and very few on site. However, thanks to the commitment of the Ripley team, our employees and Temenos consultants, we were able to perform a 100% remote deployment. Banco Ripley is special in every aspect for ITSS in the region and delivering a successful project to a demanding and at the same time reputational organization is really satisfying. Together we enable banks to elevate their market agility in an ever-changing payment ecosystem”

Jayachandran Thiagaraj, Chief Technology Officer (CTO) – ITSS

“the project to change the core banking system at Banco Ripley will always be a great reference in the region and a standard to be overcome in our future projects.” It’s a true reflection of the commitment of the Senior Management of Ripley, ITSS and Temenos and their level of involvement in all phases of the project.”

José Frank Almeyda, Regional Director of Sales for America – ITSS

About Banco Ripley – Perú

Banco Ripley – Perú is a subsidiary of Ripley Corp., which is the holding company for the retail, financial and real estate businesses, with a significant presence in Chile and Peru. Ripley is currently one of the leading retail operators in South America, with more than 70 stores and 3 million financial clients.

To learn more about Banco Ripley visit

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