Allied Bank Limited has selected Temenos T24 Core Banking Software Solution for implementation across its branches countywide. Temenos is a software company based in Geneva, Switzerland, and its core banking software is rated as the leading such product in the world with over 500 installed sites world-wide.
The software T24 is considered as the most technologically advanced integrated banking system available world-wide, which runs on all major technology platforms including Oracle and using Windows, UNIX, Linux, etc.
In Pakistan, Temenos has already provided its software and services to State Bank of Pakistan since 2000, in all its branches. ABL believes in providing high-tech innovative solutions and value-added services to its customers and T24 has been found by the bank to be best suited for this purpose. T-24 will replace the existing branch-banking software used by ABL to automate and network its branches.
ABL has selected the full suite of T24 modules covering all business function areas of the bank. It will enable the bank to bring to market new products very quickly and scale upwards both in terms of transaction volumes and customer services.
The signing ceremony was held at ABL Head Office in Lahore and was attended by members of the ABE management and senior representatives of Temenos. Under the agreement, T24 software will be implemented within the bank during the next two years.-PR
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