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Pakistan s UBL signs with Temenos for digital banking tech 19 hours ago
Source: Temenos UBL, Pakistan s fastest-growing digital bank, has signed an agreement with Temenos (SIX: TEMN) and National Data Consultant (NdcTech) to provide and implement a next-generation digital banking solution. As a pioneer of innovation in the Pakistani Banking industry, UBL, earlier this year, launched Pakistan’s first Islamic Digital Account and the first of its kind ‘UBL Pay’ where customers can use their phones as debit cards. Through this agreement, the bank has embarked on a digital transformation journey across all channels, products and segments, including retail, SME and corporate, for its domestic and international markets.
National Data Consultantto produce an omnichannel digital online banking platform digital banking solution. It builds upon UBL’s launch earlier this year of the Islamic Digital Account and UBL Pay, which allows customers to use phones as debit cards. The completed service will provide an integrated customer experience covering the complete customer lifecycle including onboarding, deposit, loans, and digital servicing.
The process involves Temenos Infinity, which features a scalable platform, deep analytics, and AI scoring models. It is built on a micro-services architecture.
“UBL is leading the way in digital banking, and we are proud to support the bank in the next phase of its digital journey,” Temenos president for APAC and MEA
UBL, Temenos sign agreement
July 2, 2021
KARACHI: UBL, Pakistan s fastest-growing digital bank, has signed an agreement with Temenos (SIX: TEMN) and National Data Consultant (NdcTech) to provide and implement a next-generation digital banking solution, a statement said.
Earlier this year, the bank launched Pakistan’s first Islamic Digital Account and the first of its kind ‘UBL Pay’, where customers could use their phones as debit cards. Through this agreement, the bank has embarked on a digital transformation journey across all channels, products and segments, including retail, SME and corporate, for its domestic and international markets. Jean-Paul Mergeai, President for APAC and MEA, Temenos, said, “UBL is leading the way in digital banking, and we are proud to support the bank in the next phase of its digital journey.”
Daily Times
July 1, 2021
UBL, Pakistan’s fastest-growing digital bank,has signed an agreement with Temenos (SIX: TEMN)and National Data Consultant (NdcTech) to provide and implement a next-generation digital banking solution. As the pioneer of innovation in the Pakistani Banking industry, UBL, earlier this year, launched Pakistan’s first Islamic Digital Account and the first of its kind ‘UBL Pay’, where customers can use their phones as debit cards. Through this agreement, the bank has embarked on a digital transformation journey across all channels, products and segments, including retail, SME and corporate, for its domestic and international markets.
Once executed, the bank expects to hyper-scale its digital footprint and provide a modern online banking platform with an integrated, seamless customer experience, covering the entire customer lifecycle from customer onboarding, deposit, loan originations, and digital servicing.
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