Manama, x,
Bahrain
First Energy Bank Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by First Energy Bank and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 100 First Energy Bank employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that First Energy Bank has purchased the following applications: GoDaddy for Application Hosting and Computing Services in 2013, Temenos T24 for Core Banking in 2015 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems First Energy Bank is running and its propensity to invest more and deepen its relationship with GoDaddy , Temenos 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 First Energy Bank revenues, which have grown to $10.0 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 First Energy Bank 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.
IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
Insight Source |
|---|---|---|---|---|---|---|---|---|---|
| GoDaddy | Legacy | GoDaddy | Application Hosting and Computing Services | IaaS | n/a | 2013 | 2013 |
ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
Insight Source |
|---|---|---|---|---|---|---|---|---|---|
| Temenos | Legacy | Temenos T24 | Core Banking | ERP Services and Operations | NdcTech | 2015 | 2015 | In 2015 First Energy Bank implemented Temenos T24 R13 as its Core Banking platform, engaging NdcTech and internal teams in an end to end implementation cycle. The engagement is recorded with the Functional Lead role responsible for solution design and business configuration across the project lifecycle. The Temenos T24 implementation focused on core account and ledger processing, including deposit account management, lending workflows, general ledger parameterization, customer lifecycle management, and teller operations. Configuration work emphasized product definition, interest and fee engines, and workflow orchestration consistent with Core Banking functional patterns. Operational coverage targeted bank operations in Bahrain, encompassing front office retail and corporate processing as well as back office finance and operations functions. NdcTech acted as the implementation partner, coordinating functional configuration, environment handoffs, and alignment between business process owners and technical teams. Governance and rollout delivery were led by the Functional Lead, including requirements capture, solution configuration, development of test scripts, execution of user acceptance testing, cutover planning, and end user training. The project narrative reflects a structured, bank-wide deployment of Temenos T24 with clear ownership for functional governance and operational readiness. |
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