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.