UBL, Pakistan’s fastest-growing digital financial institution, has signed an settlement with Temenos (SIX: TEMN) and Nationwide Information Guide (NdcTech) to supply and implement a next-generation digital banking answer. Because the pioneer of innovation within the Pakistani Banking trade, UBL, earlier this 12 months, launched Pakistan’s first Islamic Digital Account and the primary of its form ‘UBL Pay’, the place clients can use their telephones as debit playing cards. Via this settlement, the financial institution has launched into a digital transformation journey throughout all channels, merchandise and segments, together with retail, SME and company, for its home and worldwide markets.
As soon as executed, the financial institution expects to hyper-scale its digital footprint and supply a contemporary on-line banking platform with an built-in, seamless buyer expertise, overlaying your complete buyer lifecycle from buyer onboarding, deposit, mortgage originations, and digital servicing.
Temenos Infinity is the chief in driving buyer acquisition and digital banking engagement with its scalable platform, deep analytics, and AI scoring fashions. The platform permits banks to extend digital revenues and scale back buyer onboarding time considerably. Constructed on a micro-services structure, Temenos Infinity is essentially the most open and agile cloud-native product permitting banks to repeatedly prolong and develop their answer for all or parts of the client lifecycle.
Mr. Jean-Paul Mergeai, President for APAC and MEA, Temenos, mentioned, “UBL is leading the way in digital banking, and we are proud to support the bank in the next phase of its digital journey. With Temenos Infinity, UBL can take customer experience to the next level, delivering digital experiences that delight customers and make banking better across every channel. Temenos Infinity is the world’s best-selling digital banking platform and our selection, together with NdcTech, reflects our market leadership but also our success working with banks in Pakistan to deliver a rapid implementation and time-to-value.”
On the occasion, Ms. Ammara Masood, CEO & President from NdcTech, mentioned, “We look forward to this collaboration which will allow UBL to make incredible leaps forward in its Digital Banking transformation and customer experiences across various segments. The Temenos Infinity platform and NdcTech expertise will provide the bank new capabilities and a great platform for future innovation.”
Mr. Shazad G Dada, President & CEO UBL commented, “Customer centricity is at the heart of everything we do. This partnership with Temenos and NdcTech is a great catalyst in our digital transformation journey. We are very excited to make this a part of our strategic objective of becoming more agile and tailor our platform to better serve the rapidly changing needs of our customers.”
The settlement was signed just about with UBL & NdcTech on the UBL Head Workplace in Karachi and Temenos at their Head Workplace in Dubai, UAE.