ITSS Global is pleased to announce that Inteligo Bank is live with Temenos Transact R18 Core Banking System in Panama!

10/12/2020 ITSSGLOBAL

Spanish Version

ITSS Global and Inteligo Bank are pleased to announce that Inteligo Bank is live with Temenos Transact R18 Core Banking System in Panama!


Geneva, October 12, 2020 – ITSS Global and Inteligo Bank are pleased to announce that Inteligo Bank is live with Temenos Transact R18 Core Banking System in Panama. This project is fundamental to Inteligo’s digital transformation strategy to enhance its corporate and private banking services. The core upgrade project was carried out by the bank´s IT team in collaboration with ITSS Global, a Temenos Certified Partner with over 19 years of experience in banking software integration. The new core banking version at Inteligo Bank will allow the bank to expand their capacity, improve processes and performance, in addition to satisfying the increasingly demanding needs of their clients.

“We are already seeing the benefits and are very satisfied with our choice of ITSS Global as the integrator of this upgrade. They demonstrated their high level of expertise, accompanying us all the way, complying with each requirement, and finally going live successfully even in the middle of a pandemic”

Alfredo Castro, Technology Manager of Inteligo Bank

During the last few months of the project, the entire team worked remotely and in different time zones, successfully seeing the project through. This is the first project ever in which ITSS trained a bank’s team on the entire upgrade process from a remote location. This flexible approach allowed the team to successfully overcome the unique challenging circumstances and further demonstrate ITSS expertise and precise coordination capabilities, as well as the bank’s excellent project managing skills.

“We are proud to see that after 14 months, and in the middle of a global pandemic, Inteligo Bank went live. Once again, we have shown that ITSS can overcome any challenge that comes along the way. Thanks to our professional and dedicated delivery team which worked across multiple continents to make it happen. Most importantly, we could not have achieved a go-live without the commitment and professionalism of Inteligo Bank.”

Jayachandran Thiagaraj, Chief Technology Officer of ITSS

For Inteligo Bank, one of the main goals of this project was to work with a next-generation core banking system.

“Temenos Transact is the most complete core on the market, given the continuous investment Temenos makes in the product we wanted to leverage the superior functionality in its new versions. We know that a core banking upgrade is a challenge, but we were confident of the partner we chose to carry it out. We would have never imagined that the project would coincide with a global pandemic. ITSS team demonstrated their ability and professionalism even when facing an unforeseen event of this magnitude.”

Luis Miguel Vásquez, CIO of Inteligo Bank

ITSS has been able to accelerate Temenos clients’ adoption of the most advanced technology available for the industry, and has been rapidly growing in the Americas.

“We are very excited about the footprint we are leaving in Latin America! As the digital era advances, clients such as Inteligo Bank will be able to meet the demands of the market thanks to its state-of-the-art platform. We would like to thank Inteligo for trusting ITSS in this journey, and we are very proud to have been part of this achievement!”

José Frank Almeyda, ITSS Regional Director of Sales for America 

About Inteligo Bank

Established in 1995 in The Bahamas, Inteligo Bank has a branch in Panama, which is regulated separately (by the Superintendence of Banks of Panama). It provides financial advisory and international wealth management services. It is part of Intercorp, a Peruvian corporation which is committed to the growth and wellbeing of all families.

To learn more about Inteligo Bank visit:

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