May 9th, 2009
Khayaban-e-Seher Branch of Meezan Bank Limited became the first branch to commence Live operations on Temenos T24 Core Banking Application on Monday May 4th, 2009. The Bank plans to migrate all of its Branches with full Islamic functionality onto T24. Mr. Irfan Siddiqui, President Meezan Bank stated at the occasion that the Bank is committed to investing in technology to ensure a robust and secure banking platform in line the vision of the Bank. The new system will allow smooth running of operations and to support the envisioned growth of the bank. Mr. Ariful Islam, Chief operating Officer Meezan Bank elaborated that migrating to T24 would also provide us an excellent opportunity to improve, streamline and re-engineer our existing processes by adopting the Best Banking Practices embedded in the system.
National Data Consultant (NDC), the local partners or Temenos, are facilitating the implementation of T24 at Meezan Bank. Mr. Navaid Kareem, Vice President Sales & International Business for NDC said that it was an auspicious event and an honour for NDC to successfully implement T24 at Meezan Bank, the largest and most prestigious Islamic Bank in Pakistan.