United Bank Limited (UBL) is one of the largest banks in Pakistan with 11 million customers. In Pakistan, UBL stands apart as a pioneer of ingenious, user-friendly digital banking products and services. In recent times, the rapidly-growing bank has launched the first digital Islamic bank accounts available in the country, along with a unique mobile payment app. The pioneer in digital banking, UBL is working with Temenos and NdcTech to further leverage the Temenos platform to provide an integrated, digital experience for all retail and corporate customers, covering the entire customer lifecycle from onboarding and origination to servicing.
UBL 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. Temenos Infinity is the leader in driving customer acquisition and digital banking engagement with its scalable platform, deep analytics, and AI scoring models. The platform enables banks to increase digital revenues and reduce customer onboarding time significantly. The go-live covers loan originations to five segments, including large conventional banking corporates and group companies, Islamic banking corporates, Agri enterprises, Financial Institutions and Small & Medium Enterprises.
“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.”Spokesperson at UBL
The Temenos Corporate Loan Origination solution, implemented with NdcTech, will help UBL to meet the 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 enables UBL to strengthen its position as a digital leader, delivering seamless online experiences across the entire customer lifecycle—from onboarding and origination to account management. With these banking capabilities integrated into Temenos digital banking platform, UBL can provide a smooth and seamless digital experience while enabling the bank’s corporate lending teams to access the right data at the right time to make quick, consistent and cost-effective credit decisions.
“This partnership with Temenos and NdcTech is a great catalyst in our digital transformation journey. We are very excited to make this a part of our strategic objective of becoming more agile and tailor our platform to better serve the rapidly changing needs of our customers.”Spokesperson at UBL