NDC migrates Sahara Bank to new core banking system, Temenos’ T24
New live site for Temenos’ T24 core banking system in Libya
Libya-based Sahara Bank has gone live with new core banking software, Temenos’ T24 (R14).
The project was carried out by Pakistan-based National Data Consultants (NDC), Temenos’ partner in the Middle East, North Africa and Asia.
Sahara Bank signed for T24 in 2014, with the implementation commencing the following year.
The bank needed to replace its legacy system, Atlas, supplied by its parent, BNP Paribas. BNP Paribas acquired Sahara Bank in 2007, but pulled out of the operations in 2011, following the Arab Spring revolution in Libya.
NDC says that “despite various challenging circumstances, including security, the project team has migrated all branches”.
Sahara Bank offers retail, corporate and institutional banking services, both conventional and Islamic. It has a network of 48 branches country-wide and 1,500 staff.
Sahara Bank is Temenos’ third customer in Libya, to Banking Technology’s knowledge. The other two are Libyan Foreign Bank (LFB) and its subsidiary, Nuran Bank (a joint venture between LFB and Qatar Investment Authority).
As mentioned above, NDC is a long-standing partner of Temenos in the region. It has worked on T24 projects at National Bank of Kuwait in Egypt, Export Development Bank in Sudan, and Soneri Bank and NIB Bank in Pakistan, among others.
