Telenor microfinance bank signs agreement with NdcTech to upgrade core banking system.

Seated from L-R: From Telenor Microfinance Bank: Syed Ahmar Nizam, Head of Branch Banking, Khurram Gul Agha, Head of Operations, Mohammad Mudassar Aqil, President and CEO. Ammara Masood, President and CEO - NdcTech, Jean Paul Mergeai, Managing Director - Temenos Middle East and Africa and Behram Ahmed, Chairman - NdcTech. Senior representatives from both organizations are also present.

Telenor Microfinance Bank (TMB), Pakistan's leading microfinance bank has signed an agreement with NdcTech, a partner of Temenos. With this agreement, the Bank is upgrading its core banking system to achieve operational excellence, rapidly launch new innovative products, streamline its banking operations and business processes that will lead to better customer service and sustainable growth.

Through this digital transformation, Telenor Microfinance Bank aims to achieve greater efficiency by monitoring transactions better, controlling fraudulent activities and complying with regulatory requirements in a timely manner all while empowering its field staff to digitally perform banking services. Moreover, the implementation of this system will enable the Bank to be secured from financial crimes and provide a better interface and user-friendly experience to its customers. This is yet another step by TMB to gain further customer trust and grow its footprint in the Pakistani banking industry.

Telenor Microfinance Bank has always believed in incorporating state-of-the-art technologies in its operations. With this upgrade, the Bank continues to further reinforce its aim of transforming Pakistan into a digitally robust economy by offering innovative solutions that promote greater financial inclusion and empowerment.

While addressing the ceremony, Mohammad Mudassar Aqil, President and CEO, Telenor Microfinance Bank said, "Telenor Microfinance Bank has always remained true to its vision of being a market leader through innovation. We strive to provide uniquely designed experiences that positively...