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Systems wins ‘Best Core Banking implementation award’ by IBS Intelligence

By Gloria Mathias

March 20, 2024

  • Bankig technolgy
  • Banking Innovation
  • Best Core Banking Awards
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System Limited, India, Fintech, Banking Innovation, Fintech Innovation, Metaverse, Temenos, Fintech News, Payments, Core banking, Bankig technolgy, Temenos MEA Summit, Samba Limited, IBS Intelligence, Best Core Banking Awards, Fintech news Pakistan, Fintech News APAC, Systems Limited, a Global SI and premier technology company, has won the “Best Core Banking Implementation” award from IBS Intelligence for modernising the Core Banking operations of Samba Bank Limited.

The IBS Intelligence Global FinTech Innovation Awards are known for honouring banks and technology partners showcasing excellence in implementation and innovations using emerging technologies within the banking and financial sector. The fifth edition of these awards received more than 250 nominations from 49 countries.

Out of these participation, Systems Limited has been recognised for its work in modernising the Core Banking platform for Samba Bank, solidifying its reputation as a major player in the global banking technology industry.

This award is a testament to Systems’ implementation strategy and the use of tools and accelerators that enabled Samba Bank to seamlessly embrace the new upgrade and adhere to the updated regulatory requirements. During this transformation, Systems Limited leveraged the Pakistan Model Bank, which is a country model bank framework developed in-house to facilitate rapid deployment and allow banks to meet industry regulations and local best practices.

Ahmad Tariq Azam, President & CEO, Samba Bank Limited shared, “This recognition is a testament to our transformative journey that not only propels Samba Bank towards its long-term vision of digital excellence but also solidifies the relationship we share with Systems Limited. Their unwavering support and capabilities have been instrumental in pushing the boundaries of our digital transformation. With this accolade, we promise our clients our commitment to excellence and always achieving innovation in the banking industry.”

Ammara Masood, Global industries GM BFS, Systems Limited said, “Achieving this prestigious award reflects our enduring partnership with Samba Bank Limited, spanning multiple transformative initiatives over the years in various countries. Our success in the global market is a testament to our unwavering commitment to delivering excellence, with our clients at the center of everything we do. This award is not only a recognition of our achievements but also a reaffirmation of our commitment to empowering our clients to thrive in a fast-evolving financial landscape.”

“I extend my heartfelt congratulations to the teams at Samba Bank and Systems Limited for their well-deserved win in the category of ‘Best Core Banking Project Implementation’. Systems’ transformation for Samba Bank seamlessly aligned with the bank’s vision for innovation and customer-centric banking services, modernising a resilient core banking platform with cutting-edge digital capabilities. What truly caught our judges’ attention was the seamless implementation thanks to Systems Limited’s use of Pakistan Model Bank, which helped in introducing pre-configured, localised functionalities and industry best practices for the bank,” said Nikhil Gokhale, Director-Research & Digital Properties at IBS Intelligence.

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