July 02, 2021
The Bank of Punjab (BOP), one of the leading financial institutions with a network of 640 branches across Pakistan, has signed an agreement with Systems Limited. The agreement was signed by Mr Zahid Mustafa (Group Chief Consumer & Digital Banking – BOP) & Ms Ammara Masood (Global Industries GM BFS, Systems Limited)
As part of this agreement, Systems Limited will implement Temenos' next-generation digital banking solution, which will empower the bank to expedite its digital transformation efforts, provide an Omni-channel experience to its customers, accelerate digital customer onboarding, & become more agile and scalable.
Acquisition of this platform will allow the Bank of Punjab to provide a fast, safe, and convenient Omnichannel digital experience, making it customer-centric and digital-first. The Bank will invest inappropriately skilled digital-ready talent and continue to transform itself through innovative technology, products, and services, emulating the digital-first mindset and culture of challenger banks.
The Bank of Punjab envisions to design a unique “Banking” experience for this new Digital World. Digital Transformation is a key pillar in achieving our goal of being among the top five commercial banks of Pakistan. Our ambition is to be a progressive and a digital-first bank in the next few years and build digital products and services centered around our customers’ needs, available to them at their fingertips, all the time and everywhere. The Bank of Punjab aspires to be at the forefront of digital innovation and contribute significantly to the national financial inclusion drive. With the growth in digital banking adoption and new systems in place, The Bank of Punjab will make sure to keep a strong focus on digital security and governance to protect its customers’ interests and information.
Mr. Zafar Masud
President & CEO – The Bank of Punjab
The world has seen unexpected changes in the banking customers’ behavior, engagement, and the impulse which compelled a massive population to become part of the digital banking ecosystem. The Bank of Punjab envisions designing a unique “Banking” experience for this new Digital World. We believe that joining hands with Systems Limited to implement a state-of-the-art Digital Banking Platform by Temenos, one of the top banking software companies in the world, is pivotal to our digital strategy. We look forward to a strong partnership and shall work together to deliver the digitization promise to our customers and stakeholders.
MR. ZAHID MUSTAFA
GROUP CHIEF CONSUMER & DIGITAL BANKING – BOP
We are delighted to have this opportunity of strategic cooperation with The Bank of Punjab in its drive to transform and digitize the Bank. Thanks to the leading-edge technology of Temenos for Digital Banking and Systems Limited extensive expertise in Banking Implementations, The Bank of Punjab will be able to leverage the new possibilities of digital banking and to provide its customers with modern user experiences based on the leading-edge Infinity platform. We are delighted with the opportunity to work with BOP who share our approach to innovation and we will help BOP to use the latest technologies for the benefit of their clients as a natural and integral part of our efforts
Global Industries GM Banking and Financial Services, Systems Limited