Samba Bank Modernizes its Core Banking Platform to Hyper Scale Operations with Systems Limited

Wednesday, August 4, 2021, in Karachi: Samba Bank Pakistan, a subsidiary of the largest bank in the Middle East (Saudi National Bank), signed an agreement with Systems Limited. Their collaborative effort aims to modernize Samba Bank's operations through the latest Temenos Core Banking Platform. 

This strategic move is set to empower Samba Bank to swiftly introduce innovative products, streamline its banking procedures, stimulate homeownership under the 'Naya Pakistan' initiative, drive small and medium enterprise (SME) growth, and establish itself as a trusted partner for premium corporates and institutions. 

Rather than relying on conventional routes, Samba Bank envisions expanding its presence rapidly via digitization. This upgrade will modernize the bank's digital core, ensuring that its array of products and services becomes easily accessible through both existing and new digital channels. 

Systems Limited proficiency in the Pakistan Model Bank strategy brings forth pre-configured, localized functionalities and industry best practices. This approach reduces the need for excessive customization, ultimately shortening the time required for implementation. As a result, Samba Bank can efficiently adhere to local regulatory requirements and industry standards. Furthermore, this collaboration will empower Samba Bank to establish a contemporary banking architecture, laying the foundation for a progressive future. 

Temenos Transact provides the most extensive and richest set of banking functionalities across Retail, Corporate, Commercial, SME, Agriculture, Payments and Regulatory Compliance. We believe this commitment with our long-term partner Systems Limited to modernize the Core will provide the leap forward we need to enhance our market share and deliver better services and products through multiple channels.

Mr. Shahid Sattar
CEO & President Samba Bank

We are proud to build on our long-standing relationship with Samba Bank across Pakistan and regionally to support their aggressive growth plans in the coming years. Through this agreement, we will be providing the Upgrade expertise and local regulatory layer that will prepare the Bank for the future. We want to continue expanding our proven track record and enable digital transformation for Banks.

AMMARA MASOOD
Global Industries GM Banking and Financial Services, Systems Limited