Qatar’s Lesha Bank upgrades to Temenos’ latest core banking platform
Lesha Bank, an investment bank based in Doha, Qatar, has tapped long-standing partner Temenos to upgrade to the latest version of the Temenos Transact core banking platform, dubbed R23, in a bid to improve its wealth management and investment banking services.
Lesha Bank upgrades to Temenos’ latest core platform
Temenos says the latest version of its core banking platform will enable Lesha Bank to run on API-led, cloud-native technology to streamline processes and increase the speed to market for digital initiatives and personalised Shariah-compliant investment opportunities.
The Swiss vendor adds that the new platform has also enabled the bank to move its Swift processing, including securities settlement, to the core using the latest securities components as standard, claiming it delivers “improved functionality with a significant increase in Straight Through Processing and transaction processing time”.
Commenting on the migration, William Moroney, managing director for Middle East and Africa at Temenos, adds that the company’s latest tech will give the bank the flexibility “to take advantage of cloud opportunities for the future”.
Founded in 2008, Lesha Bank, previously known as Qatar First Bank, offers institutional clients and high-net-worth individuals Shariah-compliant finance products and alternative investment opportunities.
