Pakistan Telecommunication Company Limited has partnered with NdcTech to offer Banking Services on Cloud for the first time in Pakistan.
The partnership will enable NdcTech and PTCL to offer Cloud-based Digital Banking and Core Banking solutions. The solution will be offered to banks and non-banking financial institutions across Pakistan for the first time.
This partnership will open new avenues and facilitate banks to provide banking services digitally to their customers in less than 90 days. Furthermore, it will also allow banks to configure the model they want to operate and prepare for agility and change from the very start. As part of this collaboration, PTCL will offer data center and infrastructure services, whereas NdcTech will provide implementation, upgrades and managed services of the solutions by Temenos.
Nadeem Khan, Acting CEO & Group Chief Financial Officer, PTCL Group, said:
“With the rising need to keep financial sector data secure, PTCL is the right choice for an in-country Cloud-based hosting solution for this sector. We are serving corporates and enterprises with a truly robust and secure solution with the capability to host the data within Pakistan. This agreement will enable PTCL and NdcTech to jointly facilitate banks and financial organizations to create a safer and more secure Cloud solution for storing financial data within the country.”
Jean-Paul Mergeai, President, APAC and MEA, Temenos, said:
“We welcome this partnership between NdcTech and PTCL to provide a local Cloud hosting solution for banks in Pakistan. Temenos software is cloud-native and designed for the digital banking age. Temenos is the platform of choice for banks that want to create hyper-efficient cost models, get to market faster and rapidly launch innovative personalized products.”
Ammara Masood, CEO & President, NdcTech, said:
“This is a strategic partnership for us with PTCL, who clearly stands out as a trusted partner with state-of-the-art and secure facilities in Pakistan. Through this collaboration, we will jointly host world’s leading Temenos Software for Banks wanting to use value added services on PTCL Cloud. Temenos cloud-native and cloud agnostic products and our offering of Pakistan Model Bank built with local country specific products and services is fully integrated with the National switches and gateways allowing digital banks to launch rapidly.”
