Myanmar Metro Bank (MMB) is a reputable bank in Myanmar, specializing in providing financial services to individuals and businesses. The bank is large in scale, with a wide network of branches, and is committed to offering innovative financial products and excellent customer service. With a mission to promote sustainable economic development in Myanmar, MMB continuously strives to improve service quality and adopt advanced technologies to meet the growing needs of its customers.
In the modern banking environment, MMB faces numerous challenges. One of the biggest challenges is the need to handle an increasing volume of transactions, requiring the system to be flexible and stable. Additionally, protecting customer data, ensuring system security, and complying with industry regulations are issues that cannot be overlooked. Moreover, the cost of maintaining commercial banking software with licensing fees is a significant factor affecting the bank’s budget.
To overcome these challenges, MMB decided to implement the Temenos T24 R24 core banking system with PostgreSQL community edition. This strategic move helps the bank address issues related to performance, cost, and security.
Cost Savings and Reduced Dependence on Commercial Software
PostgreSQL is an open-source and free database, which significantly helps MMB save costs in maintaining the system. By using PostgreSQL, the bank reduces software licensing fees while gaining the flexibility to customize and optimize the system to meet the bank’s needs.
High Flexibility and Scalability
PostgreSQL stands out for its flexible scalability, which is crucial as MMB is expanding its operations and transaction volume. The Temenos T24 core banking system integrates seamlessly with PostgreSQL, enabling the bank to easily upgrade and scale the system as growth demands increase.
Thanks to PostgreSQL, MMB can handle large transaction volumes without performance issues while ensuring that the system is always ready to meet new requirements and future changes.
The implementation of the Temenos T24 core banking system with the PostgreSQL community edition at MMB brings significant benefits in terms of cost, performance, and flexibility. With this move, MMB not only addresses challenges related to cost and security but also establishes a solid foundation for long-term growth in an increasingly modern banking landscape, which demands advanced technological solutions. This strategic decision enables MMB to continue providing high-quality financial services and move towards a sustainable future in Myanmar.
AT&A is honored to partner with MMB in this groundbreaking implementation.
