Telenor Microfinance Bank, the operator of Pakistan’s leading digital payments platform Easypaisa, has gone live on Temenos’ modern core banking platform with NdcTech to power its digital banking services.
By employing Temenos’s best-in-class solution and NdcTech’s implementation expertise, Telenor Microfinance Bank will be able to innovate faster and provide customers with much-needed access to digital savings accounts and micro-loans.
Additionally, this solution will enhance controls, increasing the bank’s ability to comply and achieve operational excellence.
NdcTech collaborated with Telenor Microfinance Bank as the system integrator and implementation partner to successfully lead the banking platform implementation and modernization project.
It adopted a hybrid agile implementation approach to complete the project delivery successfully within the stipulated time amidst the COVID-19 crisis.
NdcTech’s expertise in Pakistani market practices and such migrations has enabled the Bank to comply with local regulatory and market requirements and best practices.
Telenor Microfinance Bank required scalability, automation, agility, and a proven technology platform that would enable it to offer personalized, customer-centric products while allowing for lower operational costs and increased return on equity.
The bank went live on Temenos Transact, the next generation in core banking, Temenos Financial Crime Mitigation (FCM), Temenos Advanced Collection (TAC), and Temenos Analytics and Reporting, to deliver a seamless, simple, and secure digital experience to its customers while ensuring sustainable growth.
Commenting on the development, Mudassar Aqil, CEO, Telenor Microfinance Bank/Easypaisa, said, “We have always remained true to our mission of transforming Pakistan into a cashless society through collaboration and technology. Our partnership with NdcTech to implement Temenos solutions has added a vital component to our services infrastructure, which will catapult our move towards digitization.”
“By going live on the platform, we can now fast-track our digital transformation journey and come up with more innovative digital financial solutions for our customers in a more efficient manner,” he added.
Jean-Paul Mergeai, President – International Sales, Temenos, shared his two cents saying, “Congratulations to Telenor Microfinance Bank on its digital banking transformation.”
He further stated, “Running on Temenos Transact, the bank has future-proofed its technology infrastructure, gaining the agility, efficiency, and product building capability to fulfill their customer demands for digital services faster and at a lower cost.”
