In a landmark move set to redefine the financial ecosystem of East Africa, Inlaks, a leading systems integrator in Sub-Saharan Africa, has partnered with Temenos, the Swiss-based global provider of banking software, to launch the Country Model Bank (CMB). Unveiled on February 26, 2025, in Nairobi, Kenya, the initiative marks a significant step in the digital transformation of financial services across the region. The CMB framework is designed to accelerate the adoption of cutting-edge banking technologies, enabling financial institutions and fintechs in Kenya, Uganda, Tanzania, and Rwanda to deliver faster, more efficient, and customer-centric services.
The launch event, attended by key stakeholders from the banking and technology sectors, underscored the transformative potential of the partnership. Henry Okolo, CEO of Inlaks’ Africa Operations, emphasized the strategic importance of the collaboration. “This partnership underscores our commitment to delivering high-quality, tailored financial solutions that meet the evolving needs of our clients,” he said. “The Country Model Bank represents a milestone in our longstanding relationship with Temenos and reaffirms our shared vision of driving digital innovation across Africa.”
The CMB framework is poised to address some of the most pressing challenges in East Africa’s banking sector, including inefficiencies, limited access to financial services, and the high cost of operations. By leveraging Temenos’ industry-leading banking software and Inlaks’ deep regional expertise, the initiative aims to equip financial institutions with the tools needed to roll out innovative services, reduce operational bottlenecks, and enhance customer experiences. For millions of East Africans, this could mean faster transactions, more reliable digital platforms, and a shift away from the traditional, branch-based banking model.
Regulatory Endorsement and Regional Impact
The Central Bank of Kenya lent significant weight to the launch, with Deputy Governor Susan Koech, represented by Dr. Walter Onyino, the bank’s ICT Director, officially unveiling the CMB. Dr. Onyino highlighted the initiative’s alignment with broader efforts to promote financial inclusion and digital innovation in the region. “The evolution of digital banking in East Africa reflects our collective commitment to building a more inclusive and resilient financial ecosystem,” he said. “Partnerships like this one between Inlaks and Temenos are critical to achieving that vision.”
Dr. Onyino also praised Inlaks’ Digital Summit, an annual event that brings together industry leaders, regulators, and technology providers to discuss the future of banking in Africa. “Platforms like the Digital Summit foster the kind of collaboration needed to drive meaningful change,” he added. “As we embrace the future of banking, such partnerships will be instrumental in creating a secure, inclusive, and innovative digital economy.”
The endorsement from the Central Bank of Kenya underscores the regulatory support for digital transformation in the region. It also signals a recognition of the role that private-sector partnerships can play in advancing national and regional economic goals.
A Partnership Built on Expertise
Inlaks, headquartered in Nigeria with operations across Sub-Saharan Africa, has long been a key player in the region’s technology landscape. The company specializes in delivering bespoke IT solutions to a diverse clientele, including central banks, commercial banks, and major players in sectors such as telecom, oil and gas, and utilities. Its deep understanding of local markets, coupled with its partnerships with global technology leaders, has positioned Inlaks as a trusted partner for organizations seeking to navigate the complexities of digital transformation.
Temenos, on the other hand, brings to the table its world-class banking software, which powers some of the most advanced financial institutions globally. The company’s platforms are renowned for their scalability, security, and ability to support a wide range of banking services, from core banking to digital engagement. By combining Temenos’ technological prowess with Inlaks’ regional insights, the partnership is uniquely positioned to deliver solutions that are both globally competitive and locally relevant.
A Vision for the Future
For banks and fintechs, the CMB framework offers a pathway to streamline operations, reduce costs, and launch innovative products that meet the needs of a rapidly digitalizing population. For customers, it promises a banking experience that is faster, more reliable, and more accessible.
As East Africa continues to embrace digital transformation, initiatives like the CMB will play a pivotal role in shaping the future of the region’s financial landscape. By fostering collaboration between technology providers, financial institutions, and regulators, the partnership between Inlaks and Temenos sets a precedent for how innovation can be harnessed to drive economic growth and improve lives.
In the words of Henry Okolo, “This is not just about technology; it’s about creating value for our clients and empowering communities.” With the Country Model Bank, that vision is one step closer to reality.
