Pakistan’s Bank, HBL Selects Temenos to Transform Its Banking Services

Temenos, a banking software company, announces that HBL, Pakistan’s bank network is to adopt the Temenos core banking platform to provide domestic and international operations. The platform will accelerate the Bank’s services across all segments, markets, and channels.

The Temenos implementation will include a full suite of client-friendly products and services that will provide end-to-end, technologically advanced solutions to both HBL’s conventional and Islamic banking clients. The new system will also hope to enhance adherence to local banking regulations and improve reporting standards for international markets in China, GCC, Europe, and SAARC countries.

Muhammad Aurangzeb, President & CEO – HBL, said: “The open technology platform provided by Temenos is flexible, global-ready, and has the breadth of banking services to meet our clients’ fast-developing banking needs. This partnership contributes to our goal to become a ‘Technology company with a banking license’.”

“Temenos open platform for composable banking will free the bank from legacy constraints. To innovate safely at speed, as well as scale its offering and achieve its growth goals. We are proud to support HBL as it delivers on this exciting vision for more than 25 million clients worldwide,” said Max Chuard, Chief Executive Officer, Temenos.