JS Bank has upgraded its core banking system to Temenos T24 R14. The bank has been using T24 core banking system for nearly a decade and has successfully moved all of the operations at its head office and branches to the latest version of Temenos flagship core platform. The upgrade will enhance the technology platform in line with the banks focus to improve customer experience and provide a wider range of product offerings.
Commenting on the occasion, Khalid Imran, CEO JS Bank stated “Temenos Core Banking System upgrade to R14 will enable the bank to further increase its operational efficiencies and improve its compliance and risk management functions. It will also provide the Bank an advanced banking platform to position itself to launch innovative products & digital banking services for the customers”.
Imran Soomro, CIO JS Bank said “T24 R14 version offers an advanced & agile banking platform which bridges the fintech gap to offer rapid & customized services to the customer who prefers branch banking as well as the digital age customer”.
Earlier this year JS Bank opened its first branch outside of its home country, in Bahrain. The announcement followed the awarding of a wholesale banking license to JS Bank by the Central Bank of Bahrain in 2015. The Bahraini branch is also underpinned by the T24 R14 core banking system.
Temenos, the software specialist for banking and finance, was recently recognized once again as the world’s best-selling vendor of core banking software by the annual league. This is the 16th time in the last 17 years that Temenos has topped the league table. The system upgrade project and the technical services were performed on behalf of Temenos by Pakistan-based National Data Consultants (NDC), the vendor’s regional partner.
JS Bank is considered amongst the fastest growing banks within the Pakistan’s banking landscape with the support of its vast experienced management. The Bank now has an online network of 278 branches and presence in over 138 cities across Pakistan. In its unrelenting effort to provide high quality products and services, JS Bank continues to pursue the path of innovation and excellence. Please visit www.jsbl.com for more information.
Mr. Khalid Imran, President & CEO JS Bank and Mr. Gary Rhodes, Regional Director Temenos with the senior management of JS Bank & NDC at the cake cutting ceremony of the T24 upgrade.
