November 25, 2015
On November 25th, 2015, the State Bank of Pakistan inked a deal with Temenos and Systems Limited, to modernize its Core Banking System.
Currently, Temenos stands as the foremost Core Banking system provider in Pakistan and holds the highest global ranking. The State Bank of Pakistan initially adopted Temenos' Core Banking Solution in 2000, and it is now slated for an upgrade to the latest release. This upgraded system boasts numerous technical and functional enhancements that will fortify the bank's Core Banking operations. The upgrade process will be carried out in Pakistan by Temenos in collaboration with their implementation partner, Systems Limited.
The signing ceremony for the SBP's Core Banking System Upgrade was presided over by Saeed Ahmed, the Deputy Governor of the State Bank of Pakistan, alongside Jean-Paul Mergeai, the Managing Director of Temenos for the Middle East and Africa, and Behram Ahmed, Chairman of NdcTech. Senior members from both organizations were also in attendance.