Romania’s CEC Bank to undergo a retail and corporate banking technology overhaul with Temenos.

16th January 2025
CEC Bank in Romania is set to implement Temenos’ cloud-based core banking platform as part of its effort to modernize its legacy systems.
CEC Bank in Romania is embarking on a modernization project to upgrade its retail and corporate banking systems, as well as enhance its payments and data analytics capabilities, with the help of Temenos’ cloud-based core banking platform.

As part of this overhaul, the bank will implement Temenos Payments, which offers features such as real-time payments, automatic payments repair, and payment order management. This solution, which Temenos also rolled out for Romania’s Libra Internet Bank in 2023, will be used by CEC Bank for both domestic and cross-border payments.

The tech upgrade will be delivered through a partnership with SoftCentric and India’s Tech Mahindra, ensuring a smooth transition and tailored implementation for the Romanian market.

Daniel Calin, CIO of CEC Bank, commented that the new deployment will enable the bank to scale more efficiently and innovate at a faster pace, driving future business growth.