NIB Bank Upgrades Its Core Banking System

NIB Bank Limited has successfully upgraded its core banking system from Temenos T24 R7 to R15.

NIB Bank is one of the early adopters globally and the first in the region to upgrade its Core Banking System to the latest release. The new system carries many technical and functional enhancements which will strengthen bank’s core banking operations.

Speaking on this occasion Mr. Atif R. Bokhari, CEO and President, NIB Bank appreciated the exemplary collaboration of NIB Bank, NDC & Temenos Teams and expected that upgrade will help the Bank to excel in customer service, enhance product range and increase profitability.

Ms. Ammara Masood, CEO and President, NDC added that “NIB Bank is a long standing customer for NDC and we are delighted for them to have achieved this milestone within a short period of time. The enhanced platform enables NIB Bank to take advantage of the emerging shifts in banking related to digital transformation and pursue the opportunities that it offers.

“The project kicked off in May last year and went live in 10 months from initiation to Go Live, on time as per the initial planned dates. Project upgrade was primed and performed by NDC and NIB Bank Team with Temenos Governance.

About NIB Bank Limited:
NIB Bank is one of the largest foreign banks in Pakistan with an extensive branch network spread over 52 cities across the country. It is also one of the largest corporate entities of the country with a paid up capital of PKR 103 billion. The Bank continues to serve its customers for all their financial and banking needs through its network of 170+ branches, all connected online, and 160+ ATMs.
The Bank’s resolve to provide world-class financial products and services to the banking population of Pakistan is driven by its key business units including Retail Banking, Commercial Banking, Corporate and Investment Banking and Treasury Services.

About National Data Consultant (NDC):
NDC is a leading provider of IT solutions focused towards the Banking and Financial industry in Pakistan, Middle East & Africa region. NDC is recognized for its outstanding performance and is the winner of Temenos “Partner Project of the Year” twice in last 4 years. It is the only Certified Business Partner of Temenos in Pakistan.

Source: https://www.ndctech.net/newsroom/