back Back

Qatar’s Lesha Bank migrates to Temenos core banking platform

By Delisha Fernandes

December 14, 2023

  • AI
  • Core Banking
  • Core Banking Platform
Share

Lesha Bank, core banking platform, Temenos, Shari’a-compliant investment, wealth management, investment banking, Fintech news, Fintech MenaLesha Bank, a Qatar-based investment bank has migrated to the latest Temenos core banking platform to enhance its wealth management and investment banking services.

This move enables the bank to get to the modern API-driven, cloud-native technology and to have access to the latest banking capabilities from Temenos and the Exchange ecosystem.

Running on the latest platform gives the bank the tools to streamline its processes in offering innovative Shari’a-compliant investment opportunities and accelerate its digital initiatives, with personalization driven by data and AI.

William Moroney, Managing Director for Middle East and Africa, Temenos, said, “We are proud to support Lesha Bank and their vision to become a global leader in Shari’a-compliant banking. On the latest Temenos banking platform, Lesha Bank can keep on creating innovative and relevant products quickly and efficiently, and also leverage a modern architecture to take advantage of cloud opportunities for the future.”

The move also enables the bank to leverage new functional capabilities to reduce the number of local customizations. The bank offers high-net-worth individuals and institutional clients a range of tailormade Shari’a-compliant investment opportunities and innovative financial solutions. It is the first independent Shari’a-compliant bank authorized by the Qatar Financial Center Regulatory Authority (QFCRA) and a listed entity on the Qatar Stock Exchange (QSE:QFBQ).

Mohammed Al Emadi, Chief Executive Officer of Lesha Bank, commented: “We are delighted to have completed this major system modernization with Temenos. To be live on the new platform so quickly is a huge achievement and a giant leap forward for the bank. Temenos propels our system towards the most advanced core technology with best-in-class banking and payments capabilities.”

Previous Article

December 14, 2023

ClearBank & LemFi to provide more financial support to immigrants

Read More
Next Article

December 14, 2023

PayPoint partners with Netflix for its latest digital voucher offering

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

AI

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 17, 2024

FIS & Lendio launch ‘SMB Digital Lending’ to boost small business loan processes

Read More

July 17, 2024

Invest Blue taps GBST for its WealthConnect practice management solution

Read More

July 16, 2024

TISA goes live with Oracle’s core banking system, Flexcube 14.7

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024