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UBL, One of the Largest Banks in Pakistan, Goes Live on Temenos to Power Digital Corporate Lending

GENEVA, May 10, 2023 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN) today announced that United Bank Limited (UBL), one of the largest banks in Pakistan with 11 million customers, 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.

The Temenos Corporate Loan Origination solution, implemented with NdcTech, will help UBL to meet 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 systematizes the process of loan initiation, credit approval management, credit policy, limit monitoring, credit documentation management, risk rating, collateral management and post approval activities and transactions.

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 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.

A 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.

Offering composable banking services "" built on microservices and accessible via APIs "" the Temenos platform will enable UBL to quickly develop new products at lower risk and cost that bring real benefits to customers.

Muhammad Faisal Anwar, Chief Information Officer, UBL, commented: "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."

William Moroney, Managing Director "" Middle East and Africa, Temenos, said: "Congratulations to UBL on this successful go–live. This well–executed implementation will transform the lending experience for UBL's corporate customers. UBL has a clear vision for the future of banking with digital–first customer experiences. We look forward to building on this success across the bank's domestic and international business."

Ms. Ammara Masood, CEO & President from NdcTech, added: "We are proud to celebrate this important milestone with UBL in Pakistan. Going live with Temenos' loan origination solution is a great leap forward in UBL's digital banking transformation that will give the bank an edge in the corporate market. It also sets a high bar as we continue to partner with them to leverage the composable banking capabilities of the Temenos platform."

With clients such as Allied Irish Bank in Ireland, Commerce Bank in the USA, and Al Rajhi in Saudi Arabia, corporate banking is a key are of investment. Temenos is a leader in The Forrester Wave: Digital Banking Processing Platforms for Corporate Banking, Q3 2022. According to the report, "Temenos sets the pace in AI–powered banking capabilities and application architecture". Temenos was also recently named a "Global Power Seller' and "Top Global Player' based on Forrester's Global Banking Platform Deals Survey 2022.

About Temenos
Temenos (SIX: TEMN) is the world's leading open platform for composable banking, creating opportunities for over 1.2 billion people around the world every day. We serve 3000 banks from the largest to challengers and community banks in 150+ countries by helping them build new banking services and state–of–the–art customer experiences. The Temenos open platform helps our top–performing clients achieve return on equity three times the industry average and cost–to–income ratios half the industry average.

For more information, please visit www.temenos.com.


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ACAMS Launches Scholarship Program for Korean Professionals Seeking Anti-Money Laundering Training

WASHINGTON, March 14, 2023 (GLOBE NEWSWIRE) — As part of its efforts to support the fight against financial crime throughout the Asia Pacific region, ACAMS is launching a new scholarship program for South Korean compliance professionals seeking to become Certified Anti–Money Laundering Specialists (CAMS). Under the initiative, ACAMS will award the CAMS Scholarship to 10 Korean compliance practitioners in the anti–financial crime (AFC) space, granting them a one–year membership to the association and a full waiver of all fees for the CAMS exam package.

As part of the program, scholarship winners will train on a broad array of skills and strategies to detect, track, and report illicit financial activity, including global best practices on the effective implementation of anti–money laundering (AML) and counterterrorism financing (CTF) policies and procedures, risk–mitigation controls, and suspicious transaction reporting. Widely recognized as the global standard for AML/CTF credentials, the CAMS program helps to shield financial institutions around the world from criminal exploitation, regulatory fines, and reputational harm.

"This scholarship is a reflection not only of our mission to fight illicit finance around the globe, but also of our commitment to the talented professionals in Korea's dynamic anti–financial crime sector," said ACAMS CEO Scott Liles. "As South Korea's financial markets continues to grow, it's critical that compliance professionals are prepared to meet evolving regulatory expectations and face emerging criminal threats."

"For compliance practitioners, CAMS is pathway to becoming part a global community of dedicated men and women around the world who are applying their knowledge and skills to protect the private sector and save lives," said ACAMS Advisory Board Member Jean Chung who is also Managing Director, Asia Head over Conduct, Financial Crime and Compliance Advisory for Corporate, Commercial and Institutional Banking at Standard Chartered Bank. "This is a credential that will open doors for professional development throughout a recipient's career."

The initiative is the third of its kind for ACAMS following the launch in 2021 of the CAFCA Scholarship and CCAS Scholarship in 2022. The CCAS Scholarship attracted entries from AFC professionals from over 100 countries around the world.

Applicants can apply for the CAMS Scholarship through 11:59 pm GMT April 28, 2023. Winners will be announced in June.

Find out more about the scholarship's criteria and application process here:
https://www.acams.org/cams–scholarship

About ACAMS

ACAMS is a leading international membership organization dedicated to providing opportunities for anti–financial crime (AFC) education, best practices, and peer–to–peer networking to AFC professionals globally. With over 100,000 members across 180 jurisdictions, ACAMS is committed to the mission of ending financial crime through the provision of anti–money laundering/counterterrorism–financing and sanctions knowledge–sharing, thought leadership, risk–mitigation services, ESG initiatives, and platforms for public–private dialogue. The association's CAMS certification is the gold–standard qualification for AFC professionals, while its CGSS and CCAS certifications are for sanctions professionals and AFC practitioners working in the crypto space, respectively. ACAMS' 60+ Chapters globally further amplify the association's mission through training and networking initiatives. Visit acams.org for more information.

Media Contact:
Lashvinder Kaur
lkaur@acams.org
+44 7388 264478


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