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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.

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