United Bank Limited (UBL) has launched corporate lending on Temenos’ digital banking platform. This marks a significant step in UBL’s digital transformation journey, encompassing retail, SME, and corporate banking for both domestic and international customers.
The Temenos Corporate Loan Origination solution, implemented with NdcTech, aims to address the growing demand for digital experiences among corporate clients. This comes at a time when the lending market faces challenges due to global economic conditions and rising interest rates.
Temenos’ solution streamlines the loan process, including initiation, credit approval, policy management, limit monitoring, documentation, risk assessment, collateral management, and post-approval activities. By integrating these functionalities with the digital banking platform, UBL offers a seamless digital experience for corporate customers. Additionally, lending teams gain access to real-time data to make faster, consistent, and cost-effective credit decisions.
This initial launch covers loan origination for five segments: large conventional corporates and group companies, Islamic banking corporates, agricultural enterprises, financial institutions, and SMEs.
UBL plans to further leverage the Temenos platform to provide a fully integrated digital experience for all customers throughout their lifecycle, from onboarding and origination to servicing. Temenos’ composable banking services, built on microservices and APIs, empower UBL to develop new products efficiently and cost-effectively, delivering real value to customers.
“We are delighted to go live with corporate lending on Temenos’ platform,” said Muhammad Faisal Anwar, Chief Information Officer at UBL. “This solution elevates the digital experience for our corporate customers and fosters operational excellence, ultimately driving customer satisfaction and revenue growth.”
Temenos is a leader in digital banking solutions for corporate banking, as recognized by Forrester’s reports. “Congratulations to UBL on this successful go-live,” said William Moroney, Managing Director for Temenos Middle East and Africa. “This implementation will transform the lending experience for UBL’s corporate customers. We look forward to building on this success across the bank’s domestic and international business.”
