November 25th, 2015 – State Bank of Pakistan and Temenos sign an agreement for the upgrade of T24 Core Banking System.

Temenos today is the leading core banking system in Pakistan and the top ranking company globally. SBP first acquired Temenos Globus G11 in the year 2000 which will now be upgraded to T24 R15. The new system carries many technical and functional refinements which will strengthen Bank’s core banking operations. Temenos will perform the Upgrade in Pakistan with Partner NDC.

Signing Ceremony for the SBP’s Core Banking System Upgrade was chaired by Saeed Ahmed, Deputy Governor State Bank of Pakistan and Jean-Paul Mergeai, Managing Director Temenos, Middle East and Africa and Behram Ahmed, Chairman NDC along with senior members of organizations.