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BoK, Temenous and DDC-Tech sign agreement for core digital banking

PESHAWAR: The Bank of Khyber (BoK) signed an agreement with Temenos &NDCTech for Core Banking & Digital Platform Solutions.
Under this agreement, Temenos & NDC Tech will provide core banking & Digital solutions at the bank branches, head office, and channels as well as support the bank in meeting the current and future customer requirements.
Speaking on the occasion, Mr. Saif Ul Islam, MD &CEO, the Bank of Khyber said that the agreement meets the bank’s strategic long-term plans in increasing operational efficiency.
The bank, he said is continuously optimizing the process and system to best serve the customer needs round the clock and this strategic alliance with Temenos &NDC tech will enable us to focus the bank on business development and would enable us to have a strong footing on the digital platforms.”
Mr. Muhammad Azfar Latif, CIO, the Bank of Khyber added that the bank has a long term vision to optimize and digitize on the process for internal/external customers, regulators and other authorities. With the selection of Temenos & NDC as our technology partners after a thorough due diligence process; we see this as a major leap towards our vision and hope to turn this bank as a model for other industry players locally and internationally.
Ammara Masood, CEO, and President of NdcTech said that they are very pleased to have Bank of Khyber select us as their partner for Digital and Core Banking Transformation. He said that they believe that this reinforces our position as the leader in the market and allows the bank to support their aggressive growth plans in the coming years.
Jean-Paul Mergeai, Managing Director, Temenos Middle East & Africa told that Bank of Khyber was the thirteenth bank in Pakistan to entrust Temenos with their core banking transformation and they were delighted to welcome them to the growing community of their customers.

 

 

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.