JS Bank signs T24 Core Banking System upgrade – December 9, 2014

JS Bank and Temenos sign agreement for the upgrade of T24 Core Banking System. JS Bank was the first in Pakistan to go live on Temenos T24 system in 2008. Temenos today is leading core banking system in Pakistan and the top ranking company globally. In 2008, JS Bank implemented the R7 version which will now be upgraded to R14. The new version of the system carries many technical & functional refinements which will strengthen bank’s core banking operations and enhance our customer experience.

JS Bank will likely be the first in Pakistan to complete implementation of T24 R14 system upgrade. Additionally to enhance our customer value proposition JS Bank has signed agreement with Temenos and NDC to implement Islamic Banking R14, Insight Data Warehousing & Business Intelligence solution, world class Treasury front & middle office platform known as Treasury Trader and Arrangement Architecture module for rapid product development in the core banking system.

About JS Bank Limited

JS Bank is one of the fastest growing commercial banks with a long term rating of A+ by the Pakistan Credit Rating Agency (PACRA), with a focus to provide quality and innovative range of banking services and products. The bank is active within Retail and Consumer Banking, Treasury, Corporate & Commercial Banking and Investment Banking services. It has a large network of 212 branches across 112 cities with plans to expand its outreach with more branches nationwide serving a growing customer base across Pakistan.

t24

Caption: Signing Ceremony of JS Bank’sT24 Core Banking System upgrade being chaired by Khalid Imran, President and CEO, JS Bank; and Jean-Paul Mergeai, Managing DirectorTemenos, Middle-East along with senior members of both organizations.

For any clarification or assistance, please contact the undersigned.

Thank you.                                                               

Zaid Haroon                                                             

Corporate Communications                                               

Tel:   111-222-626

Email: zaid.haroon@jsbl.com