U Microfinance Bank intends to play a key role in Pakistan’s National Financial Inclusion Strategy, which aims to bring accessible financial services to 50 percent of the country’s adult population. To maximize its appeal to customers, the bank looked to develop innovative new microfinance and banking services.
Supported by Temenos business partner NdcTech, U Microfinance Bank will implement Temenos Transact and Temenos Infinity to modernize its core and digital banking capabilities. When deployed, the Temenos solutions will enable first-class customer experiences online and in branches, and facilitate rapid product development. Working with Temenos, U Microfinance Bank will be able to reach previously underserved segments of the population, helping to improve living standards and supporting economic development across Pakistan.
“In order for us to continue to bring more people into the financial net, we must continue to innovate and develop products to fulfill the varying needs of our customers. With the Temenos banking platform and NdcTech as our technology partner we feel that we are equipping ourselves to create a positive financial and social impact at a rapid and competitive pace.”Mr. Kabeer Naqvi, President & CEO, U Microfinance Bank