Bank ABC Partners with Temenos and NdcTech to Implement Next-Generation Core Banking System

Bank ABC, one of MENA’s leading international banks, has signed agreements with Temenos and NdcTech to replace its core banking systems for its retail, corporate and wholesale businesses and power its subsidiary, ila Bank, the MENA region’s fast growing digital mobile-only bank, with Temenos’ core banking platform on the Cloud.

With this transformation project, to be implemented by NdcTech (a Systems Limited Company), Bank ABC will replace its legacy core banking systems for its network of operations serving customers in twenty-five markets from fifteen countries worldwide with a single instance of the Temenos platform. NdcTech will also be providing end-to-end managed services to enable Bank ABC to run its operations seamlessly on the cloud.

Consolidating multiple back-end systems on the Temenos platform in the Cloud will enable Bank ABC to drive scalable efficiency, with a single dashboard and complete 360- degree customer view across business lines and geographies. The first phase of the project is the implementation of Temenos retail core banking solution and origination on Infinity for ila Bank. This will replace current systems for the digital mobile-only offering in Bahrain and provide the agile core for planned greenfield expansion. Subsequently, Bank ABC will leverage Temenos’ cloud-native solutions and its open and API-first architecture for easy extensibility and open banking integration to enhance the experience and the services delivered to its customers.

The project will see the gradual transformation of the Group-wide core banking infrastructure, enabling Bank ABC to benefit from Temenos’ broad set of banking functionality and lower operational cost across its retail and wholesale banking operations. NdcTech will provide its country model bank accelerators combined with a wealth of knowledge and experience to drive value as part of Bank ABC’s transformation journey. Banks are increasingly realizing the benefits of the cloud to remain agile and meet the demands of a constantly evolving industry, and NdcTech’s end-to-end Managed Service on the cloud will fulfill that promise.

During the signing ceremony, Sael Al Waary, Acting Group CEO, Bank ABC, commented: ““Today, marks a momentous milestone in our journey to build our bank of the future. Consolidating our banking systems on a single platform will give us a robust foundation to accelerate growth and create significant value for our stakeholders. Temenos offers an ideal Cloud-native solution with the breadth of banking functionality needed to support all spectrums of our wholesale and retail businesses. I am confident that this next-generation core banking system will drive further operational efficiencies for the Group, enabling us to become even more responsive and adaptive to our clients’ ever-evolving needs.”

Ismail Mokhtar, Group Chief Operating Officer, Bank ABC added: “Achieving operational agility is crucial for the future success of Bank ABC. We are continuously exploring leading-edge technologies to enable our ambitious expansion and digital transformation aspirations. Temenos’ platform will enable us to efficiently scale our services. In addition, hosting our core banking system on the Cloud will significantly increase our levels of security and resilience. We look forward to working with Temenos and NdcTech teams during the implementation phase and reaping the benefits of this investment.”

William Moroney, Managing Director – Middle East & Africa, Temenos, said: “We are delighted to have been selected by Bank ABC to transform its core banking systems and power the MENA region’s fast growing digital mobile-only ila Bank on a single platform in the Cloud. Temenos gives customers freedom to implement on the public Cloud of their choice and is the trusted platform for thousands of banks worldwide. Our proven expertise taking banks live on the Cloud, including many in the Middle East region, gave Bank ABC full confidence in Temenos to successfully deliver this complex project with NdcTech.”

Ammara Masood, CEO and President, NdcTech, said: “We are pleased to be putting our combined strengths to work, allowing Bank ABC to innovate faster using Cloud capabilities to grow their business while meeting sustainability commitments. What sets NdcTech apart is our accelerators, hands-on experience within global markets and how we keep the end-user experience in mind while driving digital transformations. NdcTech services and country model on the Cloud platform paves the way for banks to deliver mission-driven products and services that delight their customers.”

Pakistan’s leading IT service provider, NdcTech gets recognized by Temenos as the Best Performing Partner in the SaaS World

NdcTech, a global IT Company providing transformational services to the banking sector and winner of Temenos Best Sales Partner Award in MEA attended Temenos Kick-Off 2023 which took place at Palau Congress Centre at Palma de Mallorca, Spain from 17th to 20th January 2023. TKO is an annual event of Temenos, the world’s # 1 banking software company, and brings together key management of Temenos and global partners in person to strategize for the new year, explore new product innovations for customers, and identify future opportunities of collaboration.

NdcTech was a key sponsor at TKO 2023 and was recognized as the “Best Performing Partner in the SaaS World” during the event due to its recent role in cloud banking transformations. This recognition is a testament to NdcTech’s accomplishments and contributions towards the banking sector and recognizes its strong footprint in the SaaS world.

The theme of this year’s event was “Winning in the SaaS World” where experts shed light on the cloud first strategies and the shift in SaaS adoption across financial institutions. Some trending topics discussed included Security & Data on Cloud, Payment innovations on cloud, BaaS value chain, Wealth Management & Digital Transformation in 2023.

Ammara Masood, CEO NdcTech was one of the panelists among other thought leaders in the session on “Partnering for Success – Crushing it with Collaboration”. While addressing the audience at TKO 2023 she talked about NdcTech’s recent collaboration with Temenos on Country Model Banks for 7 countries in the GCC region & how this strategic development will be a stepping-stone in uncovering the potential of the Banking industry in the region.

“NdcTech’s mission is to contribute to the financial world of tomorrow. Working with Temenos over the past 22 years has allowed us to support the banking ecosystem & transform their digital capabilities. Our recent collaboration with Temenos over Country Model Banks is crucial and would provide a phenomenal value proposition to the banks by allowing them rapid time to market. We look forward to strengthening our offerings in partnership with Temenos, by investing to build accelerators and country layers and meet evolving regulatory requirements” said Ammara.

ASA Microfinance Bank partners with Systems Limited & NdcTech

Karachi – ASA Microfinance Bank (Pakistan) Ltd, a wholly-owned subsidiary of ASA International Group plc, one of the world’s largest global microfinance institutions providing micro loans to emerging entrepreneurs across Asia and Africa, has entered into a partnership with Systems Limited & NdcTech to implement Temenos next-generation Core Banking system. NdcTech, a longstanding premier partner of Temenos and a wholly owned subsidiary of Systems Limited will deliver end-to-end core banking implementation and support services to ASA MFB.

With this partnership, ASA MFB will further its mission to promote financial inclusion within the economy by providing value added services to the unbanked strata, particularly female owned enterprises. Temenos’ microservices packaged and functionally rich solution, which is tailored for the needs of inclusive banking, along with NdcTech’s expertise on Temenos products and in-depth knowledge of updated methodologies and tools, will enable the Bank to achieve its vision of increasing customer satisfaction with innovative and value-added services and leverage on operational cost efficiencies.

Systems Limited will also provide implementation and support services for the Infrastructure and Platform deployment on Temenos Core. To support this scalable architecture, the Core banking system will be deployed on Red Hat OpenShift Container Platform, making the infrastructure components highly resilient.

The agreement has been signed by Mr. Asif Peer, Group CEO Systems Ltd and Mr. Saeed Uddin Khan, CEO, ASA MFB (Pakistan) Ltd. It was also attended by senior officials of both the institutions including Mr. Rob Keijsers, Group CIO, ASA International & Ms. Ammara Masood, CEO, NdcTech.

On this occasion, Asif Peer, Group CEO, Systems Limited said, “Systems Limited’s partnership with ASA Microfinance Bank for platform modernization is beyond mere technological collaboration. We believe that every bit of innovation and digital enablement will impact, directly or indirectly, the elevation of the underprivileged segment of society and will trigger improvement in grass root economy. We are not only proud to catalyze digital transformation, but also to play a pivotal role in advocating for easy credit access and other innovative financial services for the unbanked community.”

Mr. Dirk Brouwer, Co-Founder & Group-CEO, ASA-International said: “We are pleased to partner with NdcTech & Systems Ltd to implement Temenos state of the art Core banking system. This transformation will help us to serve more low income female microfinance entrepreneurs throughout Pakistan, support our vision to enhance financial inclusion and improve the socio-economic conditions of the underprivileged, by providing them with financial access anywhere and at any time”.

NdcTech Participates in Singapore Fintech Festival

NdcTech was the only IT company from Pakistan to exhibit its offerings at Singapore Fintech Festival 2022. Sakina Tahir (first from right) and Hiba Hashim (second from right) were also among the participants of this FinTech Meet and Greet at the Pakistan High Commission in Singapore.

Singapore FinTech Festival is one of the largest FinTech festivals globally bringing together the global FinTech community to engage, connect, and collaborate on issues relating to the development of financial services, public policy, and technology.

The festival was organized by the Monetary Authority of Singapore, Elevandi, and Constellar and in collaboration with the Association of Banks in Singapore.

NdcTech wins Best Sales Partner Award at Temenos MEA Sales and Partner Summit 2022

Karachi – NdcTech, a global IT and consulting company providing transformational services for the banking sector and a long-standing partner of Temenos has recently won the Best Sales Partner Award at Temenos MEA Annual Sales and Partner Summit 2022 owing to its exceptional sales capabilities.

The best sales partner award recognizes NdcTech’s strong footprint in the MEA region and ability to penetrate into new markets and geographies while providing value-added services to Banks & Financial institutions in the region.

On this occasion, Ammara Masood, CEO, NdcTech said: “We are thrilled to be recognized as the best sales partner among other regional and global partners of Temenos. Together with Temenos, we have been able to create value for our clients and successfully transform the banking sector around the world. We aim to foster this partnership and capture new markets to become the best sales partner of Temenos across the globe.”

This year, NdcTech participated as the bronze sponsor in the Temenos MEA Annual Sales & Partner Summit which brought all partners of Temenos under one roof and provided networking opportunities to all delegates. Our experts met with the senior management of Temenos and showcased NdcTech’s unmatched offerings for the banking sector. NdcTech now plans to expand its avenues with the wide recognition it has garnered in the market by winning the Best Sales Partner Award.

Bank of the Future Forum 2022 brings together thought leaders from Pakistan’s banking sector

Karachi: NdcTech, a leading IT & consulting firm providing transformational services for the banking sector globally, and Temenos, the world’s leading banking software company co-hosted the 11^th edition of Bank of The Future Forum, one of the largest financial conferences in the world. This event brought together more than 25 Global Speakers and over 500 attendees from the banking sector, influencers, decision-makers, regulators, Fintechs, analysts and media.

The event discussed key topics in the banking industry including composable banking, mobile banking, digital banking, cloud banking etc. Exciting demos were also presented on trending topics such as buy now pay later, payments, core banking upgrades, etc. Various fintech companies such as HID Global, Huawei, Validata, Abris Consulting, & ACI Worldwide showcased their innovative products and offerings and networked with industry experts from banking and IT sector

In her welcome address, Ammara Masood-CEO, NdcTech, talked about the key milestones achieved by NdcTech over the years and how their 22 years of partnership with Temenos has strengthened by leaps and bounds. She also spoke about the way forward for NdcTech after its acquisition by Systems Limited and the company’s vision of developing scale, building offshore competencies, and transforming banks in newer markets.

Asif Peer, Chief Executive Officer & Managing Director, Systems Limited shed light on the upcoming trends and opportunities in the global banking sector and how to leverage them. He also talked about how Systems Limited, now with NdcTech is on course to become the largest Temenos partner in the region, as the two companies will work aggressively in expanding their combined footprint to newer territories across the globe.

John Schlesinger, Chief Enterprise Architect, Temenos, explained that Composable banking requires moving away from monolithic banking and engaging in value chain banking. He shared his insights that for banking to be composable, the technology that supports you must decompose itself and once broken down into modules and services, it needs to be recomposed. Finally, the element of connecting to outside world is what makes banking composable, and which eventually enables banks to innovate in hours and deliver value in days.

Lee Allcorn, Director, Temenos MEA, talked about the significance of the MEA region to Temenos and what the future roadmap of Temenos for this region looks like. He also shared insights on how this region has a huge demand for Islamic Banking as few of the largest Islamic Banks in this region are running on Temenos software.

A panel discussion was conducted on pivotal trends in the digital banking industry where though leaders from the Pakistani banking sector, such as Shahzad Ishaq, Chief Digital officer, MCB, Iqbal Fazal Ali Khan, Group Head Digital banking, Meezan Bank, Muhammad Hamayun Sajjad, Chief Digital Officer, NBP shared their thoughts on why banks need to be contextual, relevant, and provide seamless customer experience through simple and easy to use interfaces.

“The banking industry has been disrupted in a positive way as digitalization stands at the forefront while we navigate through challenges and opportunities,” stated Asif Akram, Chief Operating Officer, Systems Limited while moderating this panel discussion.

With that one of the largest banking technology conferences came to a fruitful end while creating plethora of shared knowledge for the attendees.

Bank of the Future Forum will bring together influencers & key decision makers from Pakistan

NdcTech, a leading IT & consulting firm providing transformational services for the banking sector globally and Temenos, the world’s leading banking software company are pleased to co-host the 11th edition of Bank of The Future Forum. It is one of the largest financial conferences in the world, happening on 12th October 2022 at a local hotel in Karachi. With over 20 Global Speakers initiating insightful conversations, this event welcomes more than 500 banking professionals, influencers, decision makers, regulators, fintech’s, analysts, and media.

This will be the first onsite event after a break of 3 years due to the pandemic and the entire banking community of Pakistan is looking forward to connecting once again in person through this forum. The theme of the event revolves around trending topics in the banking industry, such as composable banking, digital banking, cloud banking, payments, etc. It will also include insightful panel discussions featuring thought leaders from the Pakistani banking industry who will shed light on the Pivotal trends in Banking. Exciting product demonstrations will also be presented at the conference such as buy now pay later, core banking upgrade, & loan origination.

As the main organizers and hosts; Ammara Masood, CEO of NdcTech, Asif Peer, CEO and Managing Director of Systems Limited, and John Schlesinger, Chief Enterprise Architect, Temenos will be sharing their insights on the future of banking in Pakistan.

Various Fintech companies such as HID Global, Huawei, Validata, Abris Consulting, & ACI Worldwide will be showcasing their innovative products and offerings to the attendees.

With the emergence of new banking models, rapid digitization as well as the constant redefinition of the banking landscape, this conference will be the ideal platform to discuss these recent developments with the decision makers of the industry.

NdcTech becomes a Certified Temenos Development Partner

NdcTech, a leading IT consulting company providing digital transformational services for Banks & Financial Institutions across the globe has now become a Certified Development Partner of Temenos.

This accreditation distinguishes NdcTech’s engineering capabilities while carrying out digital transformations. The company’s extensive expertise on the Temenos product stack and in-depth knowledge of modern frameworks and development methodologies demonstrate its proficiency and skills.

This certification enables NdcTech to deploy modern technology best practices and development frameworks that are accredited by Temenos to build effective enterprise software development processes and solutions. Through this certification, NdcTech will carry out customizations for bank-specific and country-specific regulatory requirements on top of Temenos open platform for composable banking. The company will now be able to develop solutions for banks and financial institutions keeping in view regulatory requirements and evolving customer demands.

On this achievement, Ammara Masood, CEO & President of NdcTech said: “We are delighted to be certified by Temenos as a Development Partner. This certification will allow us to rapidly build innovative and country-specific solutions on the Temenos platform, paving the way for building banks of the future.”

It is pertinent to mention here that NdcTech is a certified and award-winning partner of Temenos and has successfully transformed the Core and Digital banking platforms of more than 110 Banks across the globe.

NdcTech Participates in ITCN Asia 2022

NdcTech, a wholly owned subsidiary of Systems Limited and one of the fastest-growing consulting companies exhibited its offerings at ITCN Asia, one of the biggest IT conferences in Pakistan. The company’s experts shared insights on how NdcTech is building banks of the future by accelerating their mission-critical digital transformations.

While addressing the audience at ITCN Asia, Mr. Asif Peer CEO, Managing Director & Member of the Board of Systems Limited said; “The success stories of Pakistan need to be highlighted globally. We need to market our country and IT sector in the world. “

Around 500 companies had set stalls in the exhibition to showcase solutions for various important fields of IT and Telecom sector including Cloud, Data Centre, Cyber security, ERP, Education, Banking and Finance, Health and Pharmaceutical, Ecommerce, Artificial Intelligence and Robotics with a focus on networking, knowledge sharing and lead generation.

Fawad Ur Rehman, Chief Enterprise Architect‐Enabling Modernization shared his thoughts in an insightful panel discussion on Cloud Banking: “As the volume of transactions are rapidly increasing, NdcTech ensures that Banks are armed with the right skills, technology, security measures and elasticity of architecture.”

The event proved to be a great platform to connect with banking and technology experts in Pakistan.

NdcTech exhibited its offerings at ITCN Asia, one of the biggest IT conferences in Pakistan

The event proved to be a great platform to connect with banking and technology experts in Pakistan.