Sales League Table 2020 | Banking Technology Winners

Results Announced!

IBS Intelligence launches BankTech Daily News

Subscribe today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

The Bank of Khyber selects Temenos for core banking enhancement

Pakistan-based The Bank of Khyber(BoK) has entered into an agreement with Temenos and National Data Consultants (NDC) Technologies in a bid to enhance its core banking and digital solutions with Temenos’ T24 Transact. NDC will be acting as the integration partner. The solution will be deployed across BoK’s branches, head office and channels. It aims to propel the bank’s customer offerings.

Mr. Saif Ul Islam, MD & CEO, The Bank of Khyber, said, “This agreement meets the Bank’s strategic long-term plans in increasing operational efficiency. The Bank is continuously optimizing the process and system to best serve the customer needs round the clock and this strategic alliance with Temenos & NDC tech will enable us to focus the Bank on business Development and would enable us to have a strong footing on the digital platforms.”

Established in 1991 in Pakistan, The Bank of Khyber was awarded the title of scheduled bank in 1994, it has been involved in Islamic Banking since 2003. It currently has 100 branches throughout the country.

Jean-Paul Mergeai, Managing Director, Temenos Middle East & Africa declared that “Bank of Khyber is the thirteenth Bank in Pakistan to entrust Temenos with their core banking transformation and we are delighted to welcome them to the growing community of our customers. We convinced that Temenos Infinity, our Digital Front end platform, and T24 Transact, our cloud native, cloud agnostic packaged & upgradable backend solution will help BOK modernize their operations and accelerate the delivery of customer centric products and services to their clients.”

Recently, Temenos announced that Ghana-based ARB Apex Bank will be renewing its contract with Temenos, wherein Temenos will continue to provide banking and non-banking services to Ghana’s Rural and Community Banks (RCBs) and their customers.

Related IBS Intelligence Research

Related Posts

Rapyd logo

Rapyd completes acquisition of Iceland’s Korta

UK-based Rapyd, has completed the acquisition of Korta, an Iceland-based payment card service provider. Rapyd helps merchants, gig-economy platforms, and technology providers create and launch applications without having to build payments infrastructure. Korta provides merchants with a range of in-store and digital payment acceptance solutions. The deal was originally announced in April 2020. Rapyd CEO […]

This post is only available to members.

Read More »
P20 logo

P20 analyses global Payee Verification approaches

P20 has published its interim report Payee Verification: Overview of Approaches used by Credit-Push Payment Systems. The report from P20’s Regulation Working Group which focuses on criminal transactions and fraud, examines the approaches being used to reduce authorised push payment (APP) fraud and compares the methods being used in the US, UK, and Australia. The […]

This post is only available to members.

Read More »

Signicat: 41% of Europeans shut off from financial services in lockdown

Digital identity specialist Signicat has found that 41 per cent of consumers across Europe have been unable to access new financial services as a result of lockdown restrictions and a lack of access to digital options. In a research report, the Norwegian identity provider found that while consumers have had to turn to online and […]

This post is only available to members.

Read More »
OpenPayd

OpenPayd releases crypto banking and payments service

API-led Banking-as-a-Service provider, OpenPayd has released its banking and payments solution for digital currency businesses. The service is expected to provide cryptocurrency businesses with access to a range of banking and payment networks. According to OpenPayd, the platform will offer crypto businesses with access to crypto-friendly banking, simplified cryptocurrency purchase, fiat and digital currency exchange […]

This post is only available to members.

Read More »

Adyen expands acquiring capabilities to Malaysia

Adyen, an Amsterdam-based global payments platform, announced the expansion of its acquiring capabilities to include Malaysia. The company has launched its acquiring solution in Malaysia to help local businesses achieve higher authorization rates, better customer experience, and deeper data insights as the Malaysian market transitions to online payments. “Rolling out our acquiring solution in Malaysia demonstrates […]

This post is only available to members.

Read More »