Inlaks Successfully Implement T24 upgrade for Akiba Commercial Bank, Tanzania
January 13, 2025: Inlaks, a leading ICT infrastructure and systems integrator has completed the technical upgrade for T24 Go Live for Akiba Commercial Bank (ACB), Tanzania. This milestone marks a significant step in the bank’s digital transformation journey, underscoring Inlaks’ commitment to technological advancement across Sub-Saharan Africa. The implementation will power ACB’s operations across its 17 branches in Tanzania, improving service delivery, streamlining processes, and boosting customer satisfaction.
Inlaks implemented advanced technical architecture, migrated key banking modules such as Loans and Deposits to an Arrangement Architecture, and transitioned Funds Transfer operations to the Temenos Payment Hub (TPH). Additionally, Inlaks oversaw the reimplementation’s System Integration Testing, Dress Rehearsals, and Post-Go-Live Support to ensure seamless operational stability. These activities addressed critical challenges associated with ACB’s legacy systems.
Speaking on the Project implementation, Executive Director, Inlaks, Olufemi Muraino said
“Inlaks is proud to have partnered with Akiba Commercial Bank to deliver on this reimplementation project, addressing critical challenges while unlocking new growth opportunities. The upgrade represents a digital transformation stride for the Bank to strengthen and render a more effective performance of its core banking system. Inlaks is committed to supporting the growth and digital advancement of institutions in the region with optimum delivery.
Also speaking, the Managing Director of Akiba Commercial Bank, Silvest Arumasi, highlighted the significance of the re-implementation effort to the Bank.
“We are pleased to have Inlaks as our partner for the reimplementation project, transitioning from T24 R08 to T24 R23—a leap of 15 releases. This monumental milestone which is key to our services and customer experience was done in a record time of around 12 months. We appreciate the ACB and Inlaks teams for their dedication and efficiency in driving growth and accelerating product innovation. Tanzania is a vital growth market for financial technology, and we are committed to serving as a trusted partner and ambassador to Inlaks.
The project highlights Inlaks’ expertise in core banking transformations and its strategic focus on empowering financial institutions to achieve sustainable growth and innovation.
Inlaks Regional Manager, East Africa, Edna Kimurwa added
‘‘The successful T24 Upgrade for Akiba Commercial Bank is a positive step in our mission to empower financial institutions in East Africa with innovative solutions for improved customer experience. This project reinforces Inlaks’ capacity as a trusted partner in digital transformation across the region. We are proud to partner with Akiba Commercial Bank as it enhances its banking services, setting a benchmark for excellence in financial services.