The Inlaks Dormant Ac­counts Management Solution is a robust and agile application designed to help financial insti­tutions in re-activating accounts

 remotely in the comfort of their homes.

The tool addresses concerns related to internal and external fraud, regulatory compliance standards, enhances the bank’s deposit base, re-engages custom­ers, and reduces the load on the core banking system.

This results in improved sys­tem performance and smoother close-of-business processing.

The Dormant Accounts Man­agement System offers a range of high-level business benefits

 working seamlessly with all the Temenos solutions.

The system will ease the data pressure and possible fraud and improve system performance, solving a business challenge and global banking concern that align with the interests of internal and external stakeholders.

Temenos Exchange brings innovation to market faster and at scale, offering pre-integrated and approved Fintech solutions that can be easily deployed on the Temenos open platform for com­posable banking, enabling banks to accelerate the creation of new financial services while reducing the costs of development.

Speaking on the listing, Executive Director – Inlaks, OlufemiMuraino, said: “We are happy to announce our part­nership with Temenos, aimed at serving the Global Market. This collaboration represents another significant stride in adding value and benefits to the Temenos community.”

“Inlaks availability on Temenos Exchange further extends our commitment to the banking community and enables Temenos customers to easily reap the benefits of the Inlaks Dormant Accounts Manage­ment System. We look forward to leveraging the power of the Temenos platform to help us achieve our business goals,” he said.

Martin Bailey, Director of Innovation and Ecosystems – Temenos, said, “Temenos Exchange acts as an accelerator for Fintechs and software de­velopers, helping them develop, validate and monetise new bank­ing solutions.”