Temenos has announced Lesha Bank‘s migration to their latest core banking platform, aiming to boost wealth and investment services.
The move allows the Qatari-investment bank, a long-standing Temenos client, to access the newest banking features from Temenos and the Exchange ecosystem. This includes their highly-vaunted modern API-driven, cloud-native technology.
Temenos’ modern platform migration empowers Lesha Bank to streamline its processes and is set to help the company offer Shari’a-compliant investment opportunities.
The shift promises accelerated digital initiatives, backed by personalisation driven by data and AI. Moreover, the adoption of this latest platform equips Lesha Bank with tools for enhanced functionality, reducing local customizations and improving transaction processing efficiency, notably in SWIFT processing and securities settlement.
A renowned provider of banking software, Tenemos known for offering standardised migration approaches and cutting-edge tools to facilitate seamless transitions for its clients. The company focuses on empowering financial institutions with advanced, innovative solutions.
Lesha Bank, an investment bank based in Qatar, is dedicated to catering to high-net-worth individuals and institutional clients, offering Shari’a-compliant investment opportunities and financial solutions.
It stands as the first independent Shari’a-compliant bank authorised by the Qatar Financial Centre Regulatory Authority and is a listed entity on the Qatar Stock Exchange.
Mohammed Al Emadi, Chief Executive Officer of Lesha Bank, commented, “We are delighted to have completed this major system modernisation with Temenos. To be live on the new platform so quickly is a huge achievement and a giant leap forward for the bank. Temenos propels our system towards the most advanced core technology with best-in-class banking and payments capabilities.”
William Moroney, Managing Director for Middle East and Africa, Temenos, said, “We are proud to support Lesha Bank and their vision to become a global leader in Shari’a-compliant banking. On the latest Temenos banking platform, Lesha Bank can keep on creating innovative and relevant products quickly and efficiently, and also leverage a modern architecture to take advantage of cloud opportunities for the future.”
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