U Microfinance Bank accelerates digital transformation with Temenos & Systems Limited, (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.
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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.
Built on Temenos’ scalable architecture, the new environment enhances the Bank’s ability to expand digital services, strengthen Islamic banking, and support long-term growth with improved agility, resilience and operational efficiency. Systems Limited led the delivery of U Bank’s digital transformation program, ensuring a seamless, scalable, and compliant transition to Temenos modern banking platform.
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. It also reinforces our commitment to expanding access to financial services and advancing financial inclusion across Pakistan. We appreciate the collaboration and support of our partners, Temenos and Systems Limited, in successfully delivering this program.”
Muhammad Umar Ilyas, CTO, U Microfinance Bank said: “This transformation marks an important milestone in strengthening U Bank’s digital banking capabilities and technology foundation. With a modern and scalable platform, we are better positioned to enhance operational efficiency, improve customer experience, and accelerate the rollout of innovative products and services. It also supports our broader commitment to expanding access to financial services and advancing financial inclusion across Pakistan. This has been one of the largest and most complex transformations undertaken by the Bank and would not have been possible without the unwavering support and collaboration of our cross functional teams, Systems Limited, Temenos, and above all, the continued support of our leadership team and the Board of Directors.”
Ammara Masood, GM Global Industries, Banking & Financial services, Systems Limited said: “We are proud to support U Bank in advancing its long-term vision of a digitally empowered, inclusive banking ecosystem. Our expertise and unique strength to deliver comprehensive regionalized solutions on a unified platform helps banks to set a strong foundation for growth.”
Santosh Rao, Managing Director-MEA, Temenos said: “Congratulations to U Bank on this successful go-live. As a trusted partner for modern banking across the Middle East and Africa, Temenos is proud to support U Bank with our core banking platform, helping unify mission-critical operations on a modern foundation to drive greater agility, efficiency and scalability.”
