NDC to Implement T24 System at Enjaz Islamic Microfinance Bank
National Data Consultants (NDC), the only business partner of Temenos in Pakistan and a leading provider of IT solutions for the Banking and Financial sector in the Middle East & Africa region, has signed an agreement with Enjaz Capital Islamic Microfinance Bank (ECIMB), for the implementation of T24 Banking Software and Temenos Mobile Banking Solution.
A formal agreement was signed between the Middle-East based institution, Enjaz Capital Islamic Microfinance Bank and NDC for the timely execution of T24 R14 banking system. As part of the implementation, the Temenos solution will fulfill the requirement of a state-of-the-art, cost-effective, Core-Banking System (CBS). The T24 banking software will seamlessly support Shariah-compliant lending and deposit-taking activities while accompanying perspective growth and product diversification.
Enjaz Capital is financed by German Investors (Finance in Motion) for implementation of T24 R14 Banking Software and Temenos Mobile Banking Solution – ECIMB is a new Greenfield bank with a vision to become a leader in providing focused financial and non-financial services to the owners of small and micro enterprises.
NDC is the winner of Temenos “Partner Project of the Year” award in 2011 and 2014. It is also the only representative & Certified Partner in Pakistan, for the Switzerland-based Temenos Group AG – the global leader in Banking Software. The company’s experience has also grown from Central Banking to Commercial Banking, Islamic Banking, Microfinance Banking and Investment Banking. Today, NDC’s footprint extends across the region, with resources deployed in Pakistan, Sudan, Bahrain, Libya, Turkey, Tunisia, Saudi Arabia, Oman, Iraq and Yemen.
Furthermore, NDC’s local presence in Pakistan is lauded by the existing eight clients they currently have. Companies like State Bank of Pakistan, Meezan Bank, Alfalah Bank, NIB Bank, JS Bank, Waseela Microfinance Bank, Silk Bank and Habib Bank Ltd. are all NDC clients operating on Temenos’ world class cutting edge banking technology. With almost a 50 % market share in Pakistan standing as a testament to this tech companies’ achievements, taking major strides in the Middle East & Africa region proves that Tech start-ups in Pakistan are making great progress on a global scale.