Samba Bank Implements New Temenos Core Banking Software

PR: Samba Bank Pakistan, a majority owned subsidiary of Samba Financial Group of Saudi Arabia, has successfully implemented the new Temenos Core Banking software R15 for its retail and corporate banking services.

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Temenos teamed up with regional partner, National Data Consultant (Pvt) Ltd (NDC) on the implementation of this project. The bank replaced its parent legacy system STAR with 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 launch of new innovative products.

President and CEO of Samba Bank Ltd Pakistan Shahid Sattar appreciated the exemplary collaboration of Samba Bank, NDC and Temenos.

 Source: The Nation