NdcTech Rolls Out Treasury & Security Module For Bank Alfalah In Pakistan

Aug 23, 2012

PRESS RELEASE

Bank Alfalah has gone live on Temenos Transact to support its Treasury Operations with the support of NdcTech, their implementation partner. Bank Alfalah is one of the largest banks in Pakistan, with a network of 400+ branches across more than 150 cities in the country, and international presence in Asia and Middle East. The Bank provides financial solutions to consumers, corporations and governments through a broad spectrum of products and services, including corporate and investment banking, consumer banking and credit, commercial, SME, Agri-finance, Islamic and Asset financing solutions.

The first phase of the implementation which went live in 2009 was to integrate its retail operations, which services approximately one million customers to aid its growth plans. The successful implementation phase one led to the second stage of a centralization project being undertaken by the bank to roll out Transact across all of its 400+ branches in Pakistan. The bank is currently implementing the third phase of Transact to support its Islamic Banking Operations and is expected to go-live in the second quarter of 2013.

The bank selected NdcTech to implement Temenos Transact considering the strength of its pre-configured products and best practice processes. The new platform replaced an in-house legacy system BankSmart, which had been in place for almost two decades. Using Temenos Transact, Alfalah Bank will be able maximize the process workflow capability and rich functionality of the software to automate a range of back-office treasury functions, including securities, transactions, interbank loans and deposits on an advanced, modern platform for improved operational and financial efficiency.

Press Release Contacts

Hiba Hashim

[email protected]

Sakina Tahir

[email protected]

FEATURED THIS WEEK

Explore how we transform Banks for the future

The new face of banking

Latest News

Hysab Kytab’s PFM integrated by NdcTech in Bank of Punjab’s Digital App

Hysab Kytab’s PFM integrated by NdcTech in Bank of Punjab’s Digital App

Read More
The new face of banking

Latest News

Khushhali Microfinance Bank supercharges Digital Banking with Temenos and NdcTech

Pakistan’s leading microfinance bank providing financial services to SMEs and low income ...

Read More
The new face of banking

Latest News

CEO NdcTech secures Global Accolade in Tech Leadership at the 2021 Banking Tech Awards in London

CEO | NdcTech is the Winner of the 2021 Global Banking Tech Awards.

Read More
The new face of banking

Latest News

U Microfinance Bank collaborates with NdcTech and Temenos to accelerate digitalization

U Bank, a wholly-owned subsidiary of Pakistan Telecommunication Company Limited

Read More
The new face of banking

Latest News

Telenor Microfinance Bank goes live with Temenos & NdcTech to drive Digital Growth

Telenor Microfinance Bank has gone live on Temenos’ modern core banking platform with ...

Read More
The new face of banking

Latest News

Saudi Arabia TDF launches Digital Lending Service with Temenos & NdcTech in just 60 days

New digital service streamlines access to financing solutions from TDF to advance tourism ...

Read More

FEATURED THIS WEEK

The new face of banking

Latest News

Hysab Kytab’s PFM integrated by NdcTech in Bank of Punjab’s Digital App

Hysab Kytab’s PFM integrated by NdcTech in Bank of Punjab’s Digital App

Read More
The new face of banking

Latest News

Khushhali Microfinance Bank supercharges Digital Banking with Temenos and NdcTech

Pakistan’s leading microfinance bank providing financial services to SMEs and low income ...

Read More
The new face of banking

Latest News

CEO NdcTech secures Global Accolade in Tech Leadership at the 2021 Banking Tech Awards in London

CEO | NdcTech is the Winner of the 2021 Global Banking Tech Awards.

Read More
The new face of banking

Latest News

U Microfinance Bank collaborates with NdcTech and Temenos to accelerate digitalization

U Bank, a wholly-owned subsidiary of Pakistan Telecommunication Company Limited

Read More
The new face of banking

Latest News

Telenor Microfinance Bank goes live with Temenos & NdcTech to drive Digital Growth

Telenor Microfinance Bank has gone live on Temenos’ modern core banking platform with ...

Read More
The new face of banking

Latest News

Saudi Arabia TDF launches Digital Lending Service with Temenos & NdcTech in just 60 days

New digital service streamlines access to financing solutions from TDF to advance tourism ...

Read More

Let's start a conversation

Contact us now and a representative will be in touch.

Transforming 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.

Follow us on

Get in
Touch

If you have any queries, our team is always here to help. Feel free to contact us. Click to connect now

connect now