Let's start a conversation
Contact us now and a representative will be in touch.
Mar 10, 2021
Press release
Islamabad, March 9, 2021: Pakistan Telecommunication Company Limited (PTCL) signed a partnership with NdcTech, an award-winning regional partner of Temenos, to offer Banking Services on Cloud for the first time in Pakistan.
Nadeem Khan, Acting CEO and Group Chief Financial Officer, PTCL Group, Zarrar Hasham Khan, Chief Business Services Officer, PTCL, Saad Muzaffar Waraich, Group Chief Technology & Information Officer (Operations), PTCL and Ammara Masood, CEO & President, NdcTech attended the signing ceremony held in Karachi, along with senior officials from both sides.
This collaboration will allow NdcTech and PTCL to offer Cloud-based Digital Banking and Core Banking solutions. This will be offered to banks and non-banking financial institutions for the first time in Pakistan. This partnership will open new avenues and facilitate banks to provide banking services digitally to their customers in less than 90 days. Furthermore, it will also allow banks to configure the model they want to operate and prepare for agility and change from the very start.
Nadeem Khan
Acting CEO | Group Chief Financial Officer, PTCL Group
With the rising need to keep financial sector data secure, PTCL is the right choice for an in-country Cloud-based hosting solution for this sector. We are serving corporates and enterprises with a truly robust and secure solution with the capability to host the data within Pakistan. This agreement will enable PTCL and NdcTech to jointly facilitate banks and financial organizations to create a safer and more secure Cloud solution for storing financial data within the country.
Jean-Paul Mergeai
President, APAC and MEA, Temenos
We welcome this partnership between NdcTech and PTCL to provide a local Cloud hosting solution for banks in Pakistan. Temenos software is cloud-native and designed for the digital banking age. Temenos is the platform of choice for banks that want to create hyper-efficient cost models, get to market faster and rapidly launch innovative personalized products.
Ammara Masood
CEO & President NdcTech
This is a strategic partnership for us with PTCL, who clearly stands out as a trusted partner with state-of-the-art and secure facilities in Pakistan. Through this collaboration, we will jointly host world’s leading Temenos Software for Banks wanting to use value added services on PTCL Cloud. Temenos cloud-native and cloud agnostic products and our offering of Pakistan Model Bank built with local country specific products and services is fully integrated with the National switches and gateways allowing digital banks to launch rapidly.
As part of this collaboration, PTCL will offer data center and infrastructure services, whereas NdcTech will provide implementation, upgrades and managed services of the solutions by Temenos.
About PTCL
Pakistan Telecommunication Company Limited (PTCL) is the largest integrated Information Communication Technology (ICT) Company of Pakistan. With a humble start from a telephone and telegraph department in 1947, it has evolved to offer latest digital and telecommunication technologies today. It acts as the communication backbone for the country with the largest fiber cable network that spans from Khyber to Karachi and submarine cables connecting Pakistan to the world. PTCL has been assigned initial long-term entity rating of ‘AAA’ (Triple A) and short-term rating of ‘A-1+’ (A-One Plus). For more information, Visit PTCL
About NdcTech
NdcTech is an award winning partner of Temenos (the worlds #1 Banking Software) providing unmatched services and innovations to Financial Institutions and Banks. The company has more than 20 years of experience in delivering transformational services including Core Banking Modernization, Digital Banking services, Managed services, Banking on the Cloud, & Consultancy. NdcTech collaborates with customers in Middle East, Africa, & Asia Pacific region to enhance their digital capabilities and solve their toughest challenges by driving innovations to create new products and business models.
Press Release Contacts
Hiba Hashim
Sakina Tahir
FEATURED THIS WEEK
Explore how we transform Banks for the future
Latest News
UBL, One of the Largest Banks in Pakistan, Goes Live on Temenos to Power Digital Corporate Lending
UBL goes live on Temenos Corporate Loan Origination solution with NdcTech to provide a seamless digital experience to corporate clients
Read More
Latest News
NdcTech Modernizes the Core Banking Platform for Samba Bank to Hyper Scale Operations
NdcTech’s unique implementation methodology incorporating innovative tools and techniques accelerated the Bank's core transformation
Read More
Latest News
Bank ABC Partners with Temenos and NdcTech to Implement Next-Generation Core Banking System
ABC Bank has partnered with NdcTech to replace its core banking system and power its subsidiary ila Bank, with Temenos’ core banking platform on the Cloud
Read More
Latest News
CEO Systems Limited & NdcTech share insights on Digital Transformation at the Future Summit.
Our delegates attended the event and got the chance to learn more about the prevailing trends in the digital landscape.
Read More
Latest News
NdcTech experts connect with global Temenos community and partners at TKO 2023 to shape the future of banking
NdcTech & Systems Limited delegates networked with Temenos Community to discuss the future of banking technology.
Read More
Latest News
NdcTech wins Best Digital Platform Implementation award for BOP’s transformation
NdcTech wins the Best Digital Channel/Platform Implementation Award at the IBS Intelligence Global Fintech Innovation Awards 2022.
Read MoreFEATURED THIS WEEK
Latest News
UBL, One of the Largest Banks in Pakistan, Goes Live on Temenos to Power Digital Corporate Lending
UBL goes live on Temenos Corporate Loan Origination solution with NdcTech to provide a seamless digital experience to corporate clients
Read More
Latest News
NdcTech Modernizes the Core Banking Platform for Samba Bank to Hyper Scale Operations
NdcTech’s unique implementation methodology incorporating innovative tools and techniques accelerated the Bank's core transformation
Read More
Latest News
Bank ABC Partners with Temenos and NdcTech to Implement Next-Generation Core Banking System
ABC Bank has partnered with NdcTech to replace its core banking system and power its subsidiary ila Bank, with Temenos’ core banking platform on the Cloud
Read More
Latest News
CEO Systems Limited & NdcTech share insights on Digital Transformation at the Future Summit.
Our delegates attended the event and got the chance to learn more about the prevailing trends in the digital landscape.
Read More
Latest News
NdcTech experts connect with global Temenos community and partners at TKO 2023 to shape the future of banking
NdcTech & Systems Limited delegates networked with Temenos Community to discuss the future of banking technology.
Read More
Latest News
NdcTech wins Best Digital Platform Implementation award for BOP’s transformation
NdcTech wins the Best Digital Channel/Platform Implementation Award at the IBS Intelligence Global Fintech Innovation Awards 2022.
Read MoreTransforming the landscape for Banks & Financial Institutions
Let’s
Talk About You
We understand what your business needs are, and can help you reach your goals. Reach out to us today to know more.
Email Us
Give us a Call
Get in
Touch
If you have any queries, our team is always here to help. Feel free to contact us. Click to connect now