Qatar's Lesha Bank Migrates to Temenos Banking Platform
The move enables Lesha Bank to get to the modern API-driven, cloud-native technology and to have access to the banking capabilities from Temenos, accelerating its digital initiatives with personalisation driven by data and AI.
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Temenos announced that Lesha Bank, an investment bank based in Qatar, has migrated to Temenos’s core banking platform to enhance its wealth management and investment banking services.
The move enables Lesha Bank to access modern API-driven, cloud-native technology and Temenos’s banking capabilities. Furthermore, it will offer tools to streamline its processes in offering innovative Shari’a-compliant investment opportunities and accelerate its digital initiatives with personalisation driven by data and AI.
Mohammed Al Emadi, Chief Executive Officer of Lesha Bank, said, “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 creating innovative and relevant products quickly and efficiently and leverage a modern architecture to take advantage of cloud opportunities for the future.”
Temenos offers a standardised migration approach, leveraging proven methodologies and tools to aid clients in migrating fast, smoothly and with confidence. The move also enables Lesha Bank to leverage new functional capabilities to reduce the number of local customisations.
