KARACHI: Technology services company NdcTech has successfully modernised the core banking system of Samba Bank, bringing it in line with the latest release of Temenos Transact.

Over the years, Samba Bank has fostered a long-term partnership with NdcTech and Temenos to fulfill their vision of hyper-scaling the bank’s presence through digitisation rather than traditional channels. The bank needed to upgrade to a modern, flexible, and scalable core banking system that could support its business growth objectives.

Moving onto the latest release of Temenos Transact is a stepping stone for the bank to harmonise its IT infrastructure and speed up digitisation. The flexible, modular, and scalable platform by Temenos is API-driven, making it capable of fulfilling the complex needs of banks and financial institutions.

NdcTech’s unique implementation methodology incorporating innovative tools and techniques accelerated this transformation for the bank. The team successfully upgraded all modules for Samba Bank, including core, retail, lending, deposits, FCM, and trade finance to the latest release of Temenos Transact.

Ahmad Tariq Azam, the president and acting CEO of Samba Bank Limited, has said that his bank has successfully modernised its Core Banking Platform onto the latest release of Temenos Transact with NdcTech as the strategic partner. Ammara Masood, the CEO of NdcTech, has congratulated the bank’s management and teams for their collaboration to modernise the Core Banking and Financial Crime platform.

Copyright Business Recorder, 2023