ITSS Drives Seamless Upgrade of Core Banking System for Arab Investment Bank


ITSS Global, Geneva, 30th March’2023:

ITSS Global, a global banking software integrator and solutions provider with more than twenty-two worldwide offices and over two decades of experience announced the successful upgrade of AI Bank’s Core banking system from Transact T24 R15 to T24 R20. 

Temenos Implementation Methodology (TIM) was followed with induction training, analysis, designing solutions, building, testing (SIT & UAT), and finally going live, all within a duration of 4 months. The SWIFT and TPH integrations with the T24 upgrade equipped the bank to handle SWIFT transfers for ‘local’ and ‘international’ transactions. Thus, helping the bank access digital payment channels and accelerate the speed of payment transactions.  

In response to this news, Mohammed Thakeb of AI Bank, Egypt remarked, “The team showed great efforts, dedication, and professional management during the project execution. The ITSS team ensured successful delivery of all upgrade activities and provided immediate support during and post-go-live.”                                                                                                  

About Information Technology Solutions & Services 

ITSS is an expert banking software integrator. ITSS has worked with hundreds of banks worldwide in over two decades, completing over a thousand projects. The company provides a range of banking software, applications, support, and maintenance services.  

Visit their website to find out more:  

About Arab Investment (AI) Bank 

AI Bank was established in 1974 as an investment and commercial bank under the supervision of the Central Bank of Egypt (CBE). AI Bank provides all types of banking services to individuals through different retail banking products, investment, and treasury services, as well as Islamic banking services for which a solid legislative committee is dedicated to working according to Islamic banking standards.  

Visit their website to find out more:  



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