The globally renowned Temenos Awards celebrate banking innovation in ASEAN.
Held in Jakarta, Indonesia on 27 and 28 August, the forum brought together over 200 banking professionals to discuss the future of the industry in Asia Pacific.
As well as looking at key trends and opportunities in the market, the event celebrated banks from around the region who are leading the way in modernisation, transformation and innovation.
LOLC (Cambodia) Plc. Was awarded the “Core Transformation Award” at this year’s ceremony.
The honour was bestowed in recognition of the execution of one of the most complex Temenos core banking upgrade projects in the Asia Pacific region. The upgrade remained on schedule, with 85% project completion, and maintained a minimum number of issues.
“As one of the largest and most prominent microfinance institutions in the Kingdom of Cambodia, LOLC (Cambodia) Plc. is helping underserved communities access affordable financial services. It offers a wide range of financial services, including microloans, SME loans and savings products, primarily targeting low-income individuals and small businesses. LOLC (Cambodia) Plc. is undergoing a major transformation to support its evolution from a microfinance institution to the next level of financial institution,” stated Temenos.
LOLC (Cambodia) Plc.’s recent award win at the Temenos Regional Forum is a testament to the institution’s commitment to driving innovation and growth in the financial sector. This achievement underscores LOLC’s strategic efforts in embracing cutting-edge technology to enhance operational efficiency and deliver superior financial services to its customers.
By continuously investing in transformative solutions, LOLC (Cambodia) Plc. is not only reinforcing its leadership position in the microfinance industry but also contributing to the broader development of Cambodia's financial ecosystem, ensuring that underserved communities have access to the financial tools needed to thrive in an increasingly digital world.
Temenos AG is a Swiss-headquartered company which specialises in enterprise software for banks and financial services. Temenos was founded in 1993, and is listed on the Swiss stock exchange.
As a Cambodia’s leading microfinance institution, LOLC (Cambodia) Plc. is renowned for delivering financial solutions that meet the needs of Cambodian families, entrepreneurs and customers who look for economic opportunity to transform the quality of their lives. In 1994, LOLC (Cambodia) Plc. was founded as a credit programme managed by a non-profit organisation (Catholic Relief Service) and incorporated as Thaneakea Phum (Cambodia) Ltd. (TPC) in 2002.
With an asset base of over $1.55 billion and 3,602 experienced staff as of June 2024, LOLC (Cambodia) Plc. is one of the most prominent microfinance institutions in Cambodia. LOLC aims to create a lasting positive impact on the communities it serves through the sustainable delivery of inclusive and client-centric financial services, while at the same time generating stakeholder value.
