JSC “Credo Bank”

15 March 2017

JSC “Credo Bank”, Tbilisi, Georgia announces its successful upgrade of core-banking system Temenos T24TM to release R14 MCB. In 2016 JSC “Credo Bank” (Microfinance Organization Credo JSC at that time) took a decision to upgrade its core-banking system Temenos T24TM from R10 MCB to R14 MCB. The project was carried out with the participation and support of ‘Foranx LLC’, Belarus and finished within 3 months. During the project various tasks have been successfully completed, such as technical upgrade of the system, analysis and adoption of local developments to R14 MCB functionality, new T24 modules installation.
About Foranx LLC

 Foranx LLC has been working at IT- market (automation of financial institutions and consulting services) since 2004. The core activity of Foranx LLC includes development, implementation and support of automated banking systems (development of own software, localization, implementation and support of partners’ software). Foranx LLC has signed the partnership agreement with Temenos according to which the Company has the right to participate in Temenos Core Banking system implementation projects as a prime contractor.

About JSC “Credo Bank”

JSC Credo Bank (Credo) is successfully operating in 11 regions of Georgia. Main goals of the bank are the development and enhancement of small and micro businesses in Georgia through micro lending and other financial products offering. Credo is fast growing organization which gives employees opportunity for career development and personal growth. Credo Bank is a market leader in innovative product delivery to its clients currently holding over 50% of country’s microfinance market share.

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