Mobilink Bank Partners with Systems Limited to Modernize Core Banking with Temenos
Mobilink Bank, Pakistan’s leading digital microfinance institution, has announced a strategic partnership with Systems Limited to modernize its core banking platform using Temenos Core. This collaboration marks a significant milestone in Mobilink Bank’s digital transformation journey, aimed at enhancing business and operational capabilities while delivering an unparalleled customer experience.
As the first bank in Pakistan to upgrade to the Temenos R23 platform, Mobilink Bank is poised to lead the way in modernizing banking services within the country. This upgrade will be deployed on a cloud-based infrastructure (OKE), offering greater flexibility and scalability for the Bank’s operations. The new platform will also enable Mobilink Bank to streamline internal processes, allowing for increased agility in the fast-evolving financial landscape.
Mobilink Bank, part of the global VEON group that serves nearly 160 million customers across six markets, is committed to financial inclusion and excellence in customer service. This partnership underscores the Bank’s dedication to leveraging cutting-edge technology to better serve its customers.
In this collaboration, Systems Limited will implement Temenos Core, along with Advanced Collections and Data Hub, to accelerate innovation and enhance analytics and reporting capabilities. With over 12 years of collaboration, Systems Limited brings extensive experience as a Temenos Delivery Partner to ensure a seamless transition and compliance with local regulations through their Pakistan Model Bank accelerators.
Aamir Ibrahim, CEO of Jazz and Chairman of Mobilink Bank, expressed his enthusiasm for the partnership: “At Mobilink Bank, we are dedicated to empowering our customers through financial inclusion and exceptional service. By leveraging Temenos’ globally recognized core banking platform and Systems Limited’s proven expertise, we will deliver a future-proof infrastructure that enables us to offer our customers a personalized and seamless banking experience.”
Haaris Mahmood Chaudhary, Interim CEO of Mobilink Bank, highlighted the transformative impact of the partnership: “Our partnership with Systems Limited will modernize our core banking infrastructure, enabling us to enhance customer experience through personalized digital offerings. This collaboration positions us as a leader in the digital banking landscape, unlocking new growth avenues and optimizing our technology roadmap.”
Ammara Masood, Global Industries GM BFS at Systems Limited, commented on the significance of the project: “We are excited to upgrade and run the Core banking system on a Cloud Native Platform for Mobilink Bank. Our regulatory accelerators and extensive experience equip us to transform the Bank’s platform seamlessly, in line with local regulations and practices.”
Lee Allcorn, Managing Director for the Middle East & Africa at Temenos, added, “We’re delighted that Mobilink Bank has chosen to upgrade to the latest version of Temenos core banking in the cloud. This upgrade will enable the Bank to scale elastically, operate more efficiently, and innovate faster. Together with Systems Limited, we look forward to supporting Mobilink Bank as it continues to expand its customer base and drive economic progress in Pakistan.”
This strategic partnership between Mobilink Bank, Systems Limited, and Temenos is set to redefine the digital banking landscape in Pakistan, fostering innovation and enhancing customer experiences across the board.
