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Qatar’s Lesha Bank upgrades to Temenos’ latest core banking platform | Fintech InShorts: Latest fintech news, analysis by experts
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Qatar’s Lesha Bank upgrades to Temenos’ latest core banking platform
AIBankingBusiness
Less than 1 min.Read

Qatar’s Lesha Bank upgrades to Temenos’ latest core banking platform

Laura M
By Laura M
  • Lesha Bank Upgrade: Lesha Bank, based in Doha, Qatar, partners with Temenos to upgrade to the latest version of the Temenos Transact core banking platform (R23).
  • Technology Advancements: The upgraded platform allows Lesha Bank to leverage API-led, cloud-native technology, enhancing efficiency, and accelerating the implementation of digital initiatives and Shariah-compliant investment opportunities.
  • Swift Processing Enhancement: The new platform facilitates the relocation of Swift processing, including securities settlement, to the core, using the latest securities components as standard. This results in improved functionality, significantly increasing straight-through processing and transaction processing time.
  • Wealth Management Focus: Lesha Bank aims to improve its wealth management and investment banking services through this technology upgrade.
  • Cloud Opportunities: William Moroney from Temenos notes that the latest technology provides Lesha Bank with the flexibility to capitalize on future cloud opportunities.
  • Lesha Bank Background: Founded in 2008, Lesha Bank, previously known as Qatar First Bank, specializes in offering Shariah-compliant finance products and alternative investment opportunities to institutional clients and high-net-worth individuals.

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