BOV IT system upgrades concluded

Tista' taqra bil- Malti.

Bank of Valletta has concluded its IT systems update. In a press release, BOV explained that it has replaced its core banking IT system.

The bank has resumed its operations across its channels by the 1st January.

Rick Hunkin, Chief Executive Officer of the bank explained that with the implementation of the Core Banking Transformation Programme, the bank has paved its way for a stronger Bank and the implementation of a comprehensive digitalisation strategy.

“The Core Banking Transformation Programme is key to the Bank’s future sustainability and its ability to continue implementing key innovative business initiatives as well as increased operational efficiency,” explained Hunkin.

Joseph Agius, BOV Chief Technology Officer said that the bank underwent a major and complex operation. “This was not a straight-forward upgrade of a minor system, but it involved the decommissioning of major banking systems, and replacing them within a new state-of-the-art core banking IT system,” stated Agius.

“We are truly proud of our staff who worked relentlessly and for very long hours over the holiday season to ensure that the implementation of the new system would be successfully carried out with the least disruption to our customers”, said Ernest Agius, BOV Chief Operations Officer.