{"id":1839,"date":"2024-12-11T06:37:15","date_gmt":"2024-12-11T06:37:15","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=1839"},"modified":"2025-01-21T14:07:17","modified_gmt":"2025-01-21T14:07:17","slug":"sbp-partners-with-systems-limited-and-temenos","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=1839","title":{"rendered":"SBP partners with Systems Limited and Temenos to Modernize their Core Banking System"},"content":{"rendered":"\r\n

Karachi, Pakistan \u2013 November 2024 \u2013\u00a0<\/strong>Systems Limited<\/a>, a global system integrator and services provider, proudly announces a landmark agreement with the\u00a0State Bank of Pakistan (SBP)<\/a>\u00a0<\/strong>to upgrade and modernize its Core banking platform to the latest Temenos core banking software and implementation of best-in-class Temenos Payment Hub to modernize the Payment Infrastructure of the Central Bank.<\/p>\r\n\r\n\r\n\r\n

Systems Limited will be utilizing its domain specialists and accelerators for Central banks, as well as deep expertise in carrying out upgrades, for this critical modernization program.<\/p>\r\n\r\n\r\n\r\n

The modernization also includes the implementation of\u00a0Temenos Payment Hub,<\/strong>\u00a0which will allow SBP to streamline real-time domestic and global payments and settlements based on the new SWIFT ISO 20022 MX message standards, enabling faster and more secure transaction processing as well as allow integration with RAAST and RTGS real-time payment systems within the ecosystem. Systems Limited will provide comprehensive localized helpdesk support for all Temenos modules and interfaces, ensuring that SBP can continue to innovate and evolve alongside the changing needs of the financial industry.<\/p>\r\n\r\n\r\n\r\n

This transformation is pivotal for both SBP and Systems Limited. For SBP, it enhances its capacity to manage critical banking functions and support digital processes while providing a more robust infrastructure to oversee the financial landscape of Pakistan. For Systems Limited, partnering with the country\u2019s central bank marks a milestone in its journey as a premier technology enabler in the region\u2019s banking sector.<\/p>\r\n\r\n\r\n\r\n

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Asif Peer (Group CEO and MD, Systems Limited)<\/strong><\/p>\r\n\r\n\r\n\r\n

This collaboration with the State Bank of Pakistan is a monumental step in our country\u2019s financial transformation. By leveraging our Central Bank and Payment accelerators alongside Temenos’ advanced technology, we are accelerating and leapfrogging the modernization journey for the country\u2019s central Bank. Systems Limited is committed to providing SBP with the tools it needs to support a thriving and secure financial ecosystem.<\/strong><\/h3>\r\n\r\n\r\n\r\n

Jamil Ahmad (Governor, State Bank of Pakistan)<\/h4>\r\n<\/blockquote>\r\n\r\n\r\n\r\n
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This initiative represents a significant milestone in SBP\u2019s ongoing efforts to modernize Pakistan\u2019s banking infrastructure. With the implementation of advanced core banking technology and an integrated payments system, we are reinforcing our ability to oversee and support the country\u2019s rapidly evolving financial landscape. This will further enable SBP to provide a secure, efficient, and scalable platform that will benefit all participants in Pakistan\u2019s financial ecosystem.<\/strong><\/h4>\r\n\r\n\r\n\r\n

William Moroney (Chief Revenue Officer, Temenos)<\/h4>\r\n<\/blockquote>\r\n\r\n\r\n\r\n
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We are delighted that the State Bank of Pakistan has chosen to extend its long-standing partnership with Temenos, reaffirming its trust in our comprehensive core banking platform. This decision underscores the confidence State Bank of Pakistan places in our ability to deliver unparalleled functionality, deep localization and continuous innovation. Powered by Temenos, State Bank of Pakistan is well-positioned to drive growth, enhance customer experiences, and lead the way in the dynamic banking landscape of Pakistan.<\/h4>\r\n<\/blockquote>\r\n","protected":false},"excerpt":{"rendered":"

Karachi, Pakistan – November 2024 – Systems Limited, a global system integrator and services provider, proudly announces a landmark agreement with the State Bank of Pakistan (SBP) to upgrade and modernize its Core banking platform to the latest Temenos core banking software and implementation of best-in-class Temenos Payment Hub to modernize the Payment Infrastructure of the Central Bank. […]<\/p>\n","protected":false},"author":1,"featured_media":1840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2],"tags":[1107,402,14,94,59,489,282],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t