KARACHI: United Bank Limited (UBL), one of the largest banks in Pakistan with 11 million customers, has gone live with corporate lending on Temenos digital banking platform as part of a comprehensive digital transformation of the bank’s retail, SME and corporate banking for domestic and international customers on the Temenos platform.
The Temenos Corporate Loan Origination solution, implemented with NdcTech, will help UBL to meet growing demand for digital customer experiences and win business with corporate clients in a highly competitive lending market that has seen demand slowed by global economic conditions and rising interest rates.
Temenos’ solution systematizes the process of loan initiation, credit approval management, credit policy, limit monitoring, credit documentation management, risk rating, collateral management and post approval activities and transactions.
Muhammad Faisal Anwar, Chief Information Officer, UBL, commented: “We are delighted to go live with corporate lending on Temenos digital banking platform. The solution enables us to elevate the digital experience for corporate customers and achieve operational excellence, helping us to increase customer satisfaction and drive revenue growth. We look forward to building on this success and our close partnership with Temenos and NdcTech.”
William Moroney, Managing Director – Middle East and Africa, Temenos, said: “Congratulations to UBL on this successful go-live. This well-executed implementation will transform the lending experience for UBL’s corporate customers.”
Copyright Business Recorder, 2023