Lahore: National Data Consultant (NDC) and Temenos Group AG jointly hosted the 6th annual NDC & Temenos User Group in Karachi, for the banking community in Pakistan.The event was an open forum for customers, users, partners and industry peers to share and discuss best practices in the use of Temenos’ products and services. The theme of the event was: “The Rise of Digital and Cloud Banking”
Banking industry participants had the opportunity to hear Temenos’ vision for the future, exchange product ideas and experiences, debate industry trends & developments, while hearing the latest on NDC’s services offering.
In the first session, Mr. Behram Ahmed, Chairman NDC presented the way forward towards operational breakthroughs and innovative solutions, customized by NDC to meet the challenges in Pakistan’s financial environment. Mr. Behram stated that; “The NDC-Temenos User Group, being held in Pakistan for the 6th year and being so well attended, clearly shows the value that this event brings to the users of banking technology. It relates to the future of banking and technology and is therefore universal in its value proposition.“
Speaking on the occasion, Mr. Jean Paul Mergeai – Managing Director of Temenos, Middle East & Africa said, “Digitization is the number one priority for banks who look to give more power to consumers, by making information more transparent and by enabling their clients to bank through new channels. Temenos is at the forefront of the digital revolution and has the products to help its customers develop and execute winning strategies that will help them address these new challenges and opportunities.”
The President & CEO of NDC, Ms. Ammara Masood presented an overview of the accomplishments of NDC and stated that; “We are delighted to welcome our customers and prospective clients in Pakistan, at the annual user group. This is the 15th year of NDC’s successful partnership with leading banking software provider – Temenos in the region. Together we have built the largest user community for banking products and services in Pakistan, which are innovative and have greatly benefited the local banking industry.”
NDC is an award-winning core banking implementation partner, twice recognized for its outstanding performance by Temenos’ “Partner Project of the Year” award in 2011 and 2014.NDC specializes in providing IT solutions for Islamic banking, microfinance banking, channel banking along with conventional and investment banking regionally in Middle East and Africa.
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is the market-leading provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and other financial institutions. Headquartered in Geneva with 57 offices worldwide, Temenos software is proven in over 1,600 customer deployments in more than 150 countries across the world.
Temenos’ products provide advanced technology and rich functionality, incorporating best-practice processes that leverage Temenos’ expertise around the globe. Temenos customers are proven to be more profitable than their peers: in the period 2008-2012, Temenos customers enjoyed on average a 42% higher return on equity, a 32% higher return on assets and an 8.1 percentage point lower cost/income ratio than banks running legacy applications.