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Pakistan�s Largest Bank, HBL Selects Temenos to Transform its Banking Services

GENEVA, Switzerland--(BUSINESS WIRE)--Temenos (SIX: TEMN), the banking software company, today announces that HBL, Pakistan�s largest bank network is to adopt the Temenos core banking platform to provide domestic and international operations with a cutting-edge banking experience.

HBL will onboard over 25 million of the Bank�s clients onto Temenos open platform for composable banking1. The platform will accelerate the Bank�s services across all segments, markets, and channels. HBL clients will have an enhanced user experience in the form of increased reliability, security and a modern platform that will enhance HBL�s digitalization journey.

The Temenos implementation will include a full suite of client-friendly products and services that will provide end-to-end, technologically advanced solutions to both HBL�s conventional and Islamic banking clients. Faster onboarding and quicker transaction processing will provide a more seamless client experience, enabling HBL to increase its digital footprint across Pakistan and internationally. The new system will also enhance adherence to local banking regulations and improve reporting standards for international markets in China, GCC, Europe and SAARC countries2.

Muhammad Aurangzeb, President & CEO - HBL, said: �The open technology platform provided by Temenos is flexible, global-ready and has the breadth of banking services to meet our clients� fast-developing banking needs. This partnership contributes to our goal to become a �Technology company with a banking license�.�

Sagheer Mufti, Chief Operating Officer - HBL, added: �At HBL, we are always looking at better ways to serve our clients. By adopting this leading platform, we will add to our capability to give clients an improved experience when using our services, now and for many years to come.�

Max Chuard, Chief Executive Officer, Temenos, commented:HBL is a forward-looking bank with a pioneering approach to shaping the future of banking. Temenos open platform for composable banking will free the bank from legacy constraints. To innovate safely at speed, as well as scale its offering and achieve its growth goals. We are proud to support HBL as it delivers on this exciting vision for more than 25 million clients worldwide.�

About HBL

HBL was the first commercial bank to be established in Pakistan in 1947. Over the years, HBL has grown its branch network and maintained its position as the largest private sector bank in Pakistan with over 1,650+ branches and 2,100+ ATMs globally and serving 25 million+ clients worldwide.

The Bank�s extensive portfolio includes Retail Banking, Corporate, Commercial & Investment Banking, Treasury & Global Markets, Consumer, Rural and SME Banking, Development Finance, Transaction & Employee Banking, and Islamic Banking.

About Temenos

Temenos AG (SIX: TEMN) is the world�s leader in banking software. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process both the daily transactions and client interactions of more than 1.2 billion banking clients. Temenos offers cloud-native, cloud-agnostic and AI-driven front office, core banking, payments and fund administration software enabling banks to deliver frictionless, omnichannel client experiences and gain operational excellence.

Temenos software is proven to enable its top-performing clients to achieve cost-income ratios of 26.8% half the industry average and returns on equity of 29%, three times the industry average. These clients also invest 51% of their IT budget on growth and innovation versus maintenance, which is double the industry average, proving the banks� IT investment is adding tangible value to their business.

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

1 �Composable banking� means HBL can, if it wishes, combine, replace, add-on and swap out components, systems and connectors. Traditional providers lock functions like decisioning, reporting, analytics and more together, reducing flexibility.

2 South Asian Association for Regional Cooperation (SAARC) is the regional union of states in South Asia: Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka


Media Contacts


Jessica Wolfe & Scott Rowe
Temenos Global Public Relations

Tel: +1 610 232 2793 & +44 20 7423 3857

Email : [email protected]

Alistair Kellie & Andrew Adie
Newgate Communications on behalf of Temenos

Tel: +44 20 7680 6550

Email: [email protected]

HBL (Habib Bank Limited):

William Clutterbuck

Tel: +447785 292617

Email: [email protected]

Farhan Ahmed
Head Corporate Affairs - HBL

Tel: +923028600621

Email: [email protected]

Jonathan Cook

Tel: +447730777865

Email: [email protected]

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