Business & Finance Print edition: 2026-04-10

U Bank accelerates digital transformation with Temenos & Systems Ltd

Published April 10, 2026 Updated April 10, 2026 07:01am

1 min

By Recorder Report

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KARACHI: U Microfinance Bank (U Bank), a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL)-e& Group, has successfully gone live with the Temenos core banking platform, along with payments, digital channels, financial crime, and data platforms, on RedHat Openshift, in collaboration with Systems Limited.

The unified platform establishes a modern, real-time, and scalable banking ecosystem designed to strengthen operational efficiency, regulatory compliance, and digital financial inclusion across Pakistan.

The transformation enables unified operations across 220+ branches and digital channels, supports both Islamic and conventional products, and introduces real-time processing across lending, compliance, treasury, and risk functions. The upgraded platform empowers U Bank to accelerate product launches, streamlined loan processing, and strengthen AML and risk monitoring, while delivering a seamless digital customer experience through mobile banking and digital onboarding.

Tooran Asif, CEO, U Microfinance Bank said: “This transformation marks an important step in strengthening U Bank’s digital banking capabilities and technology foundation. With a modern and scalable platform, we are well positioned to enhance operational efficiency, improve customer experience, and accelerate the delivery of innovative products and services.”

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