JS Bank, a leading commercial bank operating in Pakistan, has enhanced its Core Banking platform with assistance from IT firm NdcTech (as the implementation partner for the upgraded system).
This deployment is a key part of JS Bank’s overall strategy to rebuild its tech and support its future growth plans.
Improving the customer experience (CX) has been a major priority for JS Bank and Temenos open platform for composable banking allows the bank to provide a seamless integrated experience for its clients.
JS Bank has teamed up with NdcTech in order to help with improving its banking operations & update the tech stack to achieve scale.
The banking institution is now able to leverage an integrated architecture to support its retail, corporate, and treasury requirements while creating a more flexible environment to support upcoming expansion efforts.
As noted in the announcement, NdcTech has the capability of carrying out major transformations by using industry best practices, skilled expertise on Temenos products, and extensive knowledge of accelerated methodologies and tools.
As mentioned in the update, this was quite a complex project to execute, with a change at all layers of the Core Banking tech stack which needed extensive cycles of testing and dress rehearsals before a successful cutover for Go Live.
Tauseef Ahmed, Director Project Delivery & Customer Care, NdcTech stated:
“JS Bank chose NdcTech for this transformation based on our ability to comprehend and adapt to the local market and environment and our rich expertise in transforming banks. A common value that JS Bank and NdcTech share is our focus on customer-centricity, and always going beyond capabilities to deliver a premium customer experience. We are pleased to announce the successful Go-live of JS Bank, enabling them to deliver on the full promise of digital transformation.”
Fintech adoption in Pakistan is on the rise with many new startups launching innovation solutions. Companies and business in the country are also acquiring substantial funding (more than ever before).
As covered recently, Abhi, which claims to be Pakistan’s “first-ever” financial wellness platform, enabling employees to access accrued salary in advance, announced the completion of a $17 million Series A raise.