Banco Unico
Of. Julius Nyerere, nAº 590,
Maputo, 3412,
Mozambique
Maputo, 3412,
Mozambique
258 21 488 400
Banking and Financial Services
Banco Unico Technographics
Banco Unico Software Purchases and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Banco Unico and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 300 Banco Unico employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Banco Unico has purchased the following applications: Temenos T24 for Core Banking in 2012, ReconArt Financial Close Management for Financial Consolidation and Close in 2017, Microsoft Azure Cloud Services for Application Hosting and Computing Services in 2020 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Banco Unico is running and its propensity to invest more and deepen its relationship with Temenos , ReconArt , Microsoft or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Banco Unico revenues, which have grown to $30.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Banco Unico intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Banco Unico Data, Technology Stack, and Enterprise Applications
ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Temenos | Legacy | Temenos T24 | Core Banking | ERP Services and Operations | n/a | 2012 | 2012 |
In 2012, Banco Unico deployed Temenos T24 as its Core Banking platform to establish a unified, end to end banking backbone across its operations. Temenos T24 supported core account processing and customer record consolidation, and the implementation aligned the bank with Temenos product capabilities used across Singapore, the United Kingdom, the Middle East, and Africa.
The implementation covered standard Core Banking functional modules including deposits, lending, payments, general ledger, and product configuration capabilities typical of a T24 deployment. Configuration work emphasized product catalog setup, customer lifecycle management, branch and teller processing, and transaction posting controls, enabling consistent processing across retail and corporate business functions.
Operational coverage focused on Banco Unico’s banking operations in Mozambique, with Temenos Application Management TAM engagements providing ongoing application management and product development support. The TAM activities referenced in project notes indicate an operational model that combined implementation with post go live application management and product evolution services across multiple regional clients.
Governance centered on core banking change control, release orchestration, and application support practices aligned to Temenos T24 operational patterns. Temenos T24 Core Banking remained the central platform for transaction processing and customer account management, with program governance structured around configuration baselines and TAM driven application maintenance.
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EPM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| ReconArt | Legacy | ReconArt Financial Close Management | Financial Consolidation and Close | EPM | n/a | 2017 | 2017 |
In 2017, Banco Unico implemented ReconArt Financial Close Management, a Financial Consolidation and Close application, to automate daily account reconciliations for its Cards & Digital Channels Team facing rising transaction volumes and complex matching requirements. The bank entered the project with a comprehensive requirements list emphasizing flexible matching relationships, business-owned configuration, and improved auditability.
The implementation began with configuration of two primary reconciliation processes inside the ReconArt environment, each designed to perform automated matching of card transactions in MZN and USD from third-party payment network reports against core banking statement records. ReconArt Financial Close Management was configured to support the specific file formats used by the bank, to import and cleanse data sets automatically, and to perform data enrichment to increase match rates. The solution also accommodated creation of journal entries either prior to matching or as a result of the matching process, and it provided automatic export of those journal entries for downstream accounting use.
Integrations explicitly implemented included ingestion of third-party payment network reporting files and reconciliation with core banking statement records, with outputs routed to exported journal files. Operational coverage centered on the Cards & Digital Channels Team and extended to account administrators, managers, and auditors through a reports library and dashboard visualizations showing outstanding items, aging statistics, match rates, and matched transaction summaries. Email alerts for critical exceptions were configured based on amount and aging thresholds to surface items requiring action.
Governance and workflow changes included enforcing separation of duties via exception notification rules and providing user controls over the level of automated matching to preserve business oversight. The project delivered initial training that enabled the bank reconciliation team to become autonomous ReconArt users immediately after go-live, and the platform was provisioned to allow the bank to construct additional reconciliation processes independently.
Banco Unico reported a smooth implementation and high user satisfaction, describing the ReconArt reconciliation tool as simple to use and business friendly. The bank indicated ongoing adoption plans, deeper exploration of reporting capabilities, and commitment to long-term cooperation with ReconArt as new product releases become available.
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft Azure Cloud Services | Application Hosting and Computing Services | IaaS | n/a | 2020 | 2020 |
In 2020, Banco Unico implemented Microsoft Azure Cloud Services to host its public website. The deployment centralizes the bank's web front end on cloud compute and scalable object storage, leveraging Microsoft Azure Cloud Services for application hosting, traffic load balancing and managed platform services typical of Application Hosting and Computing Services. The architecture emphasizes public-facing web app hosting, virtual networking segments for perimeter controls, and platform-level monitoring and log aggregation to support operations. This configuration moves the bank's customer-facing web channel into a managed cloud environment under centralized operational control.
Functional capabilities implemented include web application hosting, TLS termination and content delivery optimization, autoscaling for variable traffic, and platform backups and snapshot storage for recoverability. Operational scope is the corporate website and customer-facing channels, with IT operations responsible for deployment, DNS and certificate management, security rules and incident monitoring. Governance centers on centralized cloud operational ownership and standardized observability, aligning Microsoft Azure Cloud Services with Banco Unico Application Hosting and Computing Services to support online channel management and IT security controls.
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Content Delivery Network | IaaS |
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2020 | 2020 |
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IT Decision Makers and Key Stakeholders at Banco Unico
| First Name | Last Name | Title | Function | Department | Phone | |
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Apps Being Evaluated by Banco Unico Executives
| Date | Company | Status | Vendor | Product | Category | Market |
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FAQ - APPS RUN THE WORLD Banco Unico Technographics
Banco Unico is a Banking and Financial Services organization based in Mozambique,
with around 300 employees and annual revenues of $30.0 million.
Banco Unico operates a diverse technology stack with applications such as
Temenos T24, ReconArt Financial Close Management and Microsoft Azure Cloud Services,
covering areas like Core Banking, Financial Consolidation and Close and Application Hosting and Computing Services.
Banco Unico has invested in cloud applications and AI-driven platforms to optimize efficiency and growth,
collaborating with vendors such as Temenos, ReconArt and Microsoft.
Banco Unico recently adopted applications including
Microsoft Azure Cloud Services in 2020, Cloudflare CDN in 2020 and ReconArt Financial Close Management in 2017,
highlighting its ongoing modernization strategy.
APPS RUN THE WORLD maintains an up-to-date database of Banco Unico’s key decision makers and IT executives,
available to Premium subscribers.
Our research team continuously updates Banco Unico’s profile with verified software purchases,
vendor relationships, and digital initiatives identified from public and proprietary sources.
Subscribe to APPS RUN THE WORLD to access the complete Banco Unico technographics profile,
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