Islamabad, Pakistan – March 19th, 2019 – Khushhali Microfinance Bank Limited, the largest microfinance bank in Pakistan, announced that it has successfully gone live with a full suite of Temenos Financial Software thanks to the combination of its partners Temenos the world’s #1 Banking Software and NdcTech award winning IT provider specializing in banking.
The Bank has deployed with NdcTech the full suite from Temenos with Pakistan Model Bank approach, which enables pre-configured country specific functionality for Temenos Core Banking; Digital Platform (Internet and Mobile); Financial Crime Mitigation (FCM) and Analytics. This will help the bank to accelerate its strategic growth plans.
Temenos CBS has converged five banking systems into T24 Core through big bang approach with 186 branches and service centers, servicing two million plus customers and processing eight hundred thousand loans. The bank has also enhanced its digital channels for Internet and Mobile Banking along with enablement of Field Officers for loan processing digitally.
Khushhali bank is the 12th Bank to have completed the transformation with Temenos and NdcTech in Pakistan. This success story proves that when teams with diverse expertise and domains collaborate, they can produce extra ordinary results.
President and CEO, Khushhali Microfinance Bank, Ghalib Nishtar appreciated the exemplary collaboration of Khushhalibank, NdcTech & Temenos and stated, “From bank’s perspective, it’s a major milestone as the new system will improve customer experience, increase operational efficiency and reduce risks. We are very excited with the capabilities the system provides and look forward to embarking on our digital journey.”
“I would like to congratulate all team members for their efforts towards successful completion of this project”, he further added.
President & CEO NdcTech, Ms. Ammara Masood stated, “Banks who want to thrive in a fast and evolving landscape need mission-critical solutions and reliable local partners to succeed. Our partnership with Khushhali Microfinance Bank has enabled us to achieve this success together with Temenos. We want to continue expanding our proven track record and support other banks with their digital transformation journeys as well”.
Jean Paul – Managing Director, Temenos Middle East & Africa said, “Temenos are delighted to announce the recent go-live of Khushhali Bank Pakistan, our 12th bank in the country to partner with us in deploying the next generation of banking software. As the largest microfinance bank in Pakistan, we are proud to welcome Khushhali to our ever growing Temenos community and look forward to working with them on their digital roadmap both now, and well into the future. This transformational program was an achievement for all stakeholders involved and once again highlights the success and strength in the Temenos partner network.”