Islamabad: Mobilink Bank, a prominent digital microfinance institution in Pakistan, has successfully modernized its core banking system, migrating to the latest cloud-native Temenos platform (R23). This enhancement underscores the bank’s dedication to technological advancement, operational efficiency, and customer-focused digital change. The successful implementation was achieved through collaboration with Temenos, a worldwide leader in banking technology, and Systems Limited, a specialist in digital transformation solutions.

The modernization brings substantial improvements to the banking system’s performance, scalability, and robustness. The updated design permits smooth incorporation of advanced digital functionalities, reinforces security and regulatory compliance, and guarantees quicker transaction handling with real-time responsiveness. This provides a forward-looking banking experience for all clients.

Haaris Mahmood Chaudhary, President and CEO of Mobilink Bank, termed the upgrade “a paradigm shift,” stating that embracing the latest cloud-native core banking technology from Temenos sets the stage for the next era of digital banking in Pakistan. He added that clients can anticipate faster, safer, and more efficient services as the bank solidifies its position at the forefront of financial inclusion and digital novelty.

Ammara Masood, GM Global Industries, Banking and Financial Services at Systems Limited, expressed pride in spearheading the project. She emphasized the unification of banking capabilities, cloud technology, data, AI, and security offered by the new digital core, empowering agility and continuous evolution for Mobilink Bank.

Clients can now experience an enhanced digital interaction, including seamless integration of features like digital onboarding and personal finance management tools, making banking more convenient and reachable. Reinforced security measures and enhanced compliance strengthen client trust and regulatory harmony.

Aamir Ibrahim, CEO of Jazz, highlighted the upgrade as a prime illustration of building next-generation digital infrastructure in Pakistan. Combining leading technology with a commitment to financial inclusion aims to create faster, more secure, and accessible financial services for millions, propelling the nation toward a fully connected, cashless, and inclusive economy.

The modular and adaptable nature of Temenos’ R23 release allows for rapid deployment of new services with minimal interruption. Improved diagnostics and backend transparency enable quicker problem resolution and more efficient service delivery. Internally, the system has optimized workflows, decreased manual procedures, and increased efficiency. Its advanced monitoring and autonomous service units further guarantee easier upkeep, continuous adaptability, and forward-looking novelty.

Santhosh Rao, Managing Director, Middle East and Africa, Temenos, expressed enthusiasm for Mobilink Bank’s forward-thinking approach. He described the upgrade as a strategic initiative towards truly contemporary banking, enabling digital institutions like Mobilink Bank to pioneer faster, scale more intelligently, and confidently provide outstanding client experiences.

This development is pivotal to Mobilink Bank’s goal of reshaping digital banking in Pakistan and providing accessible, secure, and inclusive financial solutions nationwide.