NdcTech Modernizes the Core Banking Platform for Samba Bank to Hyper Scale Operations

Over the years, Samba Bank has fostered a long-term partnership with NdcTech and Temenos to fulfill their vision of hyper-scaling the bank’s presence through digitization rather than traditional channels. The bank needed to upgrade to a modern, flexible, and scalable core banking system that could support its business growth objectives.

Moving onto the latest release of Temenos Transact is a steppingstone for the bank to harmonize its IT infrastructure and speed up digitization. The flexible, modular, and scalable platform by Temenos is API driven making it capable to fulfil the complex needs of banks and financial institutions.

NdcTech’s unique implementation methodology incorporating innovative tools and techniques accelerated this transformation for the bank. The team successfully upgraded all modules for Samba bank including Core, Retail, Lending, Deposits, FCM, and Trade finance to the latest release of Temenos Transact. NdcTech combined the use of the latest version of Pakistan Model Bank to meet the local regulatory requirements, update tax changes, and modernize trade processes for the bank. NdcTech also incorporated Image-Based Cheque clearing system and low balance alert system for the bank to reap benefits of the modern functionalities for seamless banking operations.

Samba Bank is now on the path to realize the benefits of the dynamic and efficient platform to achieve long term growth. The bank has gained greater product agility, improved time-to-value and accelerated speed of innovation to make business decisions rapidly. The new system enables faster transaction processing times, automates several manual processes and reduces operational costs, resulting in improved efficiency and productivity. It also allows the bank to develop and market new products easily and rapidly. This flexibility enables the bank to respond quickly to the changing market dynamics and enhance competitiveness in the banking industry.