The adoption of anything related to Ripple seems to be endless. Today, Arab Tunisian Bank, with over 130 branches and 1300 employees has indicated that they are leveraging Tenemos T24 Transact, a software utilising Ripple’s agnostic ledger technology and used by over 700 banks across the globe.

The leading Tunisian bank selected Temenos to drive digital transformation and future growth. The bank said it’s deploying cloud-agnostic Temenos T24 Transact and Temenos Infinity to increase its prowess while also reducing deployment cost.

The bank is going digital and will engage in the transformation using the next generation core banking software Temenos T24 Transact, and Temenos Infinity, a breakthrough digital front office product.

The bank, through the software, will enjoy end-to-end digital banking platform that has the power of heighten its business horizon as well as connection in the fintech industry.

ATB selected Temenos to enjoy a 40% revenue increase by 2020 while also increasing the number of deposits with the latest product deployment.

Founded in 1982, ATB is one of Tunisia’s largest bank, and it is famous for the services its offers. It has received the “Best Commercial Bank in Tunisia” award by Global Banking & Finance.

How Ripple Linked With Temenos

Ripple, being the link between banks and blockchain technology, is getting series of invitation from among traditional banks and central banks across the universe.

Late 2018, Temenos demonstrated how its T24 Core makes use of Ripple’s ledger-agnostic technology. The software settles remittance using RippleNet technology.

This video shows how Temenos officials demonstrated money transfer using Ripple

Temenos, is a well-known back-end software solutions relied on by banks across continents. It is linked with more than 3000 firms.

Analysts at some points opined that Temenos can bring revolution to Ripple tools like xRapid and even enhance its adoption for the fact that 41 out of the top 50 banks across the world, like the Bank of Shanghai, Banco Capital and JPMorgan, are using Temenos software.