Samba Bank Pakistan Live With Temenos Core Banking System
Lahore: Samba Bank Limited Pakistan, a majority owned
subsidiary of Samba Financial Group of Saudi Arabia has successfully
implemented the new Temenos Core Banking softwareR15 for its retail and
corporate banking services.
Temenos teamed up with
regional partner, National Data Consultant (pvt) Ltd (“NDC”) on the
implementation for this project. The bank replaced its parent legacy system
STAR to Temenos Core Banking System, release 15 and its Financial Crime
Management solution, version 5. .The teams successfully implemented
Pakistan Model Bank version at Samba Bank Pakistan and migrated all 37 branches
in one go. The new system carries many technical and functional enhancements
including Temenos Product Builder AA which will strengthen bank’s core banking
operations and facilitate with launching of new innovative products.President& CEO of Samba Bank Ltd Pakistan, Mr. Shahid Sattar
appreciated the exemplary collaboration of Samba Bank, NDC & Temenos and
stated“
This is a key achievement for Samba Bank which helps us deliver our digital
growth strategy and enhanced service capabilities to our customers. Temenos
collaboration with NDC and approach of implementing Pakistan Model Bank
has helped us to complete the project on time and provides a very reliable Core
Banking Solution."
Jean-Paul Mergeai, Managing Director for Temenos Middle East &
Africa, commented: “I would like to congratulate Samba Bank Pakistan on the
achievement and implementation of such an important program and milestone for
the bank. By having our Core Banking solution in place, Samba Bank Pakistan is
leveraging cutting-edge technology that should give them a competitive edge in
a fast moving market, increase operational efficiency, reduce risks and improve
customer service. We are also particularly happy with our excellent
collaboration with NDC, whose dedication, resourcefulness and expertise enables
the delivery of key transformational projects such as this one.”
Ammara Masood, President
and CEO of NDC commented, “Samba Bank achievement is due to the hard work of
all teams and the leadership of the Bank. Banks who want to thrive in a fast
evolving landscape need mission-critical solutions and reliable local partners
to succeed. Our partnership with Temenos and Samba has enabled us to achieve
this success. We want to continue expanding our proven track record and support
other banks in growing their market share and business scope”
Samba Bank Pakistan has now been live for 2 months on the new Core
system with Temenos and Financial Crime management.
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