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Information Management Solutions (IMS), an ITG company and a trusted Temenos Service Partner in the MENA region, recognizes the successful go-live of the Temenos R24 Core Banking Platform at Bank of Beirut as an important milestone in the Bank’s major core banking transformation.
Signed in June 2024 and launched on 24 May 2026, the project involved the replacement of Bank of Beirut’s legacy core banking system with Temenos’ next-generation platform. The project was successfully delivered on schedule and within the approved budget, reflecting the strong leadership, governance, and dedicated efforts of Bank of Beirut’s Transformation Project Team, in close collaboration with IMS and Temenos.
As one of Lebanon’s leading financial institutions, Bank of Beirut embarked on this transformation to modernize its banking infrastructure, enhance operational efficiency, and establish a scalable foundation to support future innovation and evolving market requirements.
The successful delivery of this transformation was the result of close collaboration between Bank of Beirut, IMS, and Temenos. Under the strategic leadership and governance of Bank of Beirut’s CIO, supported by the Bank’s project management and IT teams, IMS worked as the implementation partner to support the deployment of the new platform, contributing its technical expertise and implementation services throughout the project lifecycle.
The deployment of Temenos R24 provides Bank of Beirut with a modern, agile, and scalable core banking foundation, enabling enhanced operational capabilities and supporting future digital banking initiatives.
This milestone reflects the value of strong collaboration between Bank of Beirut and its technology partners while reinforcing IMS’s continued commitment to supporting financial institutions across the region in their modernization and digital transformation initiatives.
IMS remains committed to helping Bank of Beirut maximize the value of its new core banking platform while continuing to deliver innovative solutions that support sustainable growth and long-term transformation.
About Bank of Beirut
Established in 1963, Bank of Beirut has grown to become one of Lebanon’s leading financial institutions, recognized for its strong banking heritage, customer-centric philosophy, and continuous commitment to innovation and digital transformation. Over the decades, the Bank has built a reputation for resilience, stability, and forward-thinking banking solutions, serving individuals, businesses, corporations, institutions, and international clients through an integrated financial ecosystem designed to meet evolving market needs.
Headquartered in Beirut, the Bank operates through a wide network of branches, intelligent digital banking platforms, and international subsidiaries and representative offices extending across regional and global markets, including the United Kingdom, Australia, Nigeria, and Oman.
Bank of Beirut delivers a comprehensive portfolio of intelligent financial solutions spanning Retail Banking, Corporate Banking, Commercial Banking, Private Banking, Trade Finance, Treasury Services, Wealth Management, Transaction Banking, Payment Ecosystems, and Advanced Digital Banking Services.
Driven by a strategy centered around “Intelligence in Banking,” Bank of Beirut has expanded its focus beyond traditional banking services into intelligent financial ecosystems designed to support businesses and economic sectors through innovation, automation, and digital integration. Through its Business Banking Intelligence framework, the Bank provides advanced solutions tailored for SMEs, corporates, institutions, NGOs, educational entities, healthcare providers, and merchants. These solutions include digital transaction banking, payment gateways, ERP integration, payroll services, POS acquiring, QR payments, reconciliation systems, e-commerce enablement, API banking, and customized financial management tools that empower businesses to operate more efficiently in an increasingly digital economy.
Innovation remains at the core of the Bank’s strategic direction. Bank of Beirut continues to invest in digital transformation initiatives that enhance customer convenience, operational efficiency, and financial accessibility. The Bank has introduced a wide range of digital banking services including mobile banking applications, online banking platforms, contactless payment technologies, digital wallets, online onboarding solutions, and integrated payment systems designed to simplify everyday banking activities while maintaining the highest standards of cybersecurity and financial protection.
In parallel with its banking operations, the Bank actively contributes to the advancement of innovation, education, entrepreneurship, sustainability, and financial literacy in Lebanon. It regularly collaborates with universities, technology partners, fintech companies, and international organizations on initiatives that support youth empowerment, digital education, AI innovation, and entrepreneurship development. Through strategic partnerships and community-driven programs, the Bank aims to contribute to building a smarter and more inclusive financial future.
Bank of Beirut also places strong emphasis on customer experience and relationship banking, believing that financial services should combine advanced technology with human expertise. Its teams work closely with clients to understand their operational and financial needs and provide tailored solutions that support long-term growth, operational agility, and financial success.
Throughout its journey, Bank of Beirut has maintained a strong commitment to integrity, professionalism, innovation, and adaptability. Despite changing economic conditions and evolving market environments, the Bank continues to strengthen its position as a trusted financial partner dedicated to delivering intelligent, secure, and future-ready banking solutions.
Today, Bank of Beirut stands as a modern financial institution that combines decades of banking expertise with advanced digital capabilities, reinforcing its role as a key player in Lebanon’s banking sector and a strategic enabler for businesses and individuals navigating the future of finance.
About IMS
Information Management Solutions (IMS), an ITG company, is dedicated to implementing the world-leading core banking solution “Transact” from Temenos. As a Service Partner for Temenos in the MENA region, IMS provides comprehensive implementation services in close collaboration with client teams and technology partners, alongside ongoing support in accordance with Service-Level Agreement (SLA) standards. By leveraging their expertise and the advanced capabilities of Transact, IMS helps banks and financial institutions achieve operational excellence, enhance decision-making through powerful analytics, and deliver a unified multi-channel user experience.
