Lahore (Muhammad Yasir) Khushhali Microfinance Bank Limited, the largest microfinance bank in Pakistan, announced that they have gone live with the world’s leading Core Banking System along with Financial Crime mitigation (FCM) and Analytics offered by Temenos (the software specialist for banking and finance).
The system is implemented by National Data Consultant (NdcTech), a specialized Fintech solution provider and award winning partner of Temenos.
With Khushhalibank’s implementation of Temenos Core Banking system with Pakistan Model Bank (a ready to use package encompassing regulatory and industry best practices), FCM, Analytics and new digital front end, bank will be able to achieve 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 to 2.1 million customers.
Khushhalibank is the 11th Bank to have completed the transformation with Temenos and NdcTech in Pakistan. It is one of the model implementations in multi-vendor universe. 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.”
“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 Temenos and Khushhali Microfinance Bank has enabled us to achieve this success. We want to continue expanding our proven track record and support other banks with their digital transformation and business scope as well”.