Bank of Punjab signs agreement with NdcTech
The Bank of Punjab (BOP), one of the leading financial institutions with network of 640 branches across Pakistan, has signed an agreement with NdcTech, an award-winning regional partner of Temenos. The agreement was signed by Mr. Zahid Mustafa (Group Chief Consumer & Digital Banking BOP) & Ms. Ammara Masood (CEO & President –NdcTech).
As part of this agreement, NdcTech will be implementing the next generation digital banking solution by Temenos, that helps financial institutions to accelerate their digital transformation initiatives, bringing world-class front and middle office transactional capabilities. Through this implementation, Bank of Punjab will be able to provide an Omni-channel experience to its customers, accelerate digital customer onboarding, & become more agile and scalable.
Acquisition of this platform will allow the Bank of Punjab to provide fast, safe, and convenient Omni channel digital experience, making it customer centric and digital first.
The Bank will invest in appropriately skilled digital ready talent and continue to transform itself through innovative technology, products and services, emulating the digital-first mindset and culture of challenger banks.
Speaking on the occasion, Mr. Zafar Masud (President & CEO – The Bank of Punjab) said, “The Bank of Punjab envisions to design a unique “Banking” experience for this new Digital World. Digital Transformation is a key pillar in achieving our goal of being among the top five commercial banks of Pakistan. Our ambition is to be a progressive and a digital-first bank in the next few years and build digital products and services centered around our customers’ needs, available to them at their fingertips, all the time and everywhere. The Bank of Punjab aspires to be at the forefront of digital innovation and contribute significantly to the national financial inclusion drive. With the growth in digital banking adoption and new systems in place, The Bank of Punjab will make sure to keep a strong focus into the digital security and governance to protect its customers' interest and information.”
Addressing the ceremony, Mr. Zahid Mustafa (Group Chief Consumer & Digital Banking– BOP) said, “The world has seen unexpected changes in the banking customers' behavior, engagement and the impulse which compelled a massive population to become part of the digital banking ecosystem.