Staff Reporter Islamabad
UBL has signed an agreement with Temenos (SIX: TEMN) and National Data Consultant (NdcTech) to provide and implement a next-generation digital banking solution.
As the pioneer of innovation in the Pakistani Bank-ing industry, UBL, earlier this year, launched Paki-stan’s first Islamic Digital Account and the first of its kind ‘UBL Pay’, where customers can use their phones as debit cards.
Through this agreement, the bank has embarked on a digital transformation journey across all channels, products and segments, including retail, SME and corporate, for its domestic and international mar-kets.
Once executed, the bank expects to hyper-scale its digital footprint and provide a modern online bank-ing platform with an integrated, seamless customer experience, covering the entire customer lifecycle from customer onboarding, deposit, loan origina-tions, and digital servicing.
Temenos Infinity is the leader in driving customer acquisition and digital banking engagement with its scalable platform, deep analytics, and AI scoring models.
The platform enables banks to increase digital reve-nues and reduce customer onboarding time signifi-cantly.
Built on a micro-services architecture, Te-menos Infinity is the most open and agile cloud-native product allowing banks to continuously ex-tend and expand their solution for all or portions of the customer lifecycle.