Temenos technology supports strategic objectives of Pakistan’s BoK
By Edil Corneille
Pakistan’s Bank of Khyber (BoK) has gone live with Temenos Transact, Temenos Infinity, Temenos Financial Crime Mitigation and Temenos Analytics. The implementation was carried out by Temenos’ Middle East implementation partner based in Pakistan, National Data Consultant (NdcTech).
Temenos’ technology will support the bank in offering differentiated retail, SME and corporate banking products, including accounts, time deposits and loans for both Islamic and conventional banking. Temenos’ agile and fully integrated architecture enables Bank of Khyber to quickly roll out new functionality and services. NdcTech’s expertise in the Pakistan market helped to comply with local requirements and best practices. Temenos’ digital banking platform supports Bank of Khyber’s strategic objectives to increase its market share and drive sustainable growth by optimizing its banking operations and reducing operational costs.
The Temenos open API technology will help Bank of Khyber to provide digital experiences to its customers.
Ihsan Ullah Ihsan, Managing Director, The Bank of Khyber stated, “…This implementation will provide the leap forward we need to enhance our market share and deliver better services and products for our customers in the 21st century. Our partner NDCTech who also helped us to tailor the product to the specific requirements of our bank. The roll-out had been so well prepared beforehand that we were able to execute it entirely without any major incidents…”
Azfar Latif CIO of Bank of Khyber said, “We are proud that in less than 15 months with Global pandemic restrictions, Bank went live. We have demonstrated that commitment with reliable technology partner like NDCTech can overcome any challenge that comes along the way be it like COVID-19. We could not have achieved a go-live without the commitment and professionalism of Bank Management team and Technical Resources…”
Ammara Masood, President and CEO, National Data Consultant (NdcTech) mentioned, “BOK is a very successful public/private partnership and through innovation will now be able to deliver hyper-personalized experiences to its customers. The team and management of the bank understands the power of technology, and the importance of leveraging the best practices and latest technological advances. We are delighted to be there partner in this strategic digital transformation and will continue to help the bank achieves greater strides.”
Jean-Paul Mergeai, Managing Director – Middle-East & Africa, Temenos commented, “…Temenos has a strong presence in the Middle East and a track record of success in delivering digital banking transformation for banks in the region. We are delighted BOK has selected our platform and proud to support them as the bank seeks to leverage Temenos’ open and API-first technology to deliver world-class digital experiences for its customers and achieve market-leading cost-income ratio to drive sustainable growth and market-share.”
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