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THE BANK OF KHYBER SIGNS AGREEMENT WITH TEMENOS & NdcTECH FOR CORE BANKING AND DIGITAL PLATFORM SOLUTIONS

Peshawar, May 30, 2019: The Bank of Khyber signs agreement with Temenos & NdcTech for Core Banking & Digital Platform Solutions. Under this agreement, Temenos & NdcTech 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.

On the occasion, Mr. Saif Ul Islam, MD & CEO, The Bank of Khyber, said, "This agreement meets the Bank’s strategic long-term plans in increasing operational efficiency. The Bank 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 “Bank has a long term vision to optimize and digitize on 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 "We are very pleased to have Bank of Khyber select us as their partner for Digital and Core Banking Transformation. We 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 declared that “Bank of Khyber is the thirteenth Bank in Pakistan to entrust Temenos with their core banking transformation and we are delighted to welcome them to the growing community of our customers. We convinced that Temenos Infinity, our Digital Front end platform, and T24 Transact, our cloud native, cloud agnostic packaged & upgradable backend solution will help BOK modernize their operations and accelerate the delivery of customer centric products and services to their clients.”

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