Lesha Bank: Propelled by the Temenos core banking platform
Lesha Bank, the Qatari financial institution offering clients a plethora of tailor-made, Shari’a-compliant investment opportunities, is on the path towards advancing its technological capabilities thanks to Temenos.
The investment bank has just migrated to the latest Temenos core banking platform, enhancing its wealth management and investment banking services.
Lesha, a long-standing Temenos client, stands to benefit from modern API-driven, cloud-native technology, and has access to the latest banking capabilities from Temenos as well as the Exchange ecosystem.
“We’re delighted to have completed this major system modernisation with Temenos,” comments Mohammed Al Emadi, CEO at Lesha Bank. “To be live on the new platform so quickly is a huge achievement and a giant leap forward for the bank.
“Temenos propels our system towards the most advanced core technology with best-in-class banking and payments capabilities.”
Temenos helps Lesha Bank to streamline processes
Founded in 2008, Lesha Bank gives high-net-worth individuals and institutional clients access to a range of innovative financial solutions.
It is the first independent Shari’a-compliant bank to be authorised by the Qatar Financial Center Regulatory Authority (QFCRA) and is a listed entity on the Qatar Stock Exchange.
Running on the latest banking platform from Temenos gives Lesha the tools to streamline its processes and accelerate digital initiatives, with personalisation driven by data and AI. Temenos offers a standardised migration approach, leveraging proven methodologies and tools to aid clients in migrating quickly, smoothly and with confidence.
What’s more, the move also enables Lesha Bank to take advantage of new functional capabilities to reduce the number of local customisations.
For example, the organisation has been able to move its SWIFT processing – including securities settlement – to core banking, using the latest securities components as standard. This delivers improved functionality with a significant increase in straight-through processing and transaction processing time.
“We are proud to support Lesha Bank and its vision to become a global leader in Shari’a-compliant banking,” adds William Moroney, MD for the Middle East and Africa at Temenos.
“On the latest Temenos banking platform, Lesha Bank can keep on creating innovative and relevant products quickly and efficiently, leveraging a modern architecture to take advantage of cloud opportunities for the future.”
******
For more insights from FinTech Magazine, you can see our latest edition of FinTech Magazine here, or you can follow us on LinkedIn and Twitter.
You may also be interested in our sister site, InsurTech Digital, which you can also follow on LinkedIn and Twitter.
Please also take a look at the YouTube playlist for our latest hybrid event, FinTech LIVE London, to learn all about the latest trends in fintech.
******
BizClik is a global provider of B2B digital media platforms that cover executive communities for CEOs, CFOs and CMOs, as well as leaders in Sustainability, Procurement & Supply Chain, Technology & AI, Cyber, FinTech & InsurTech. We also cover industries including Manufacturing, Mining, Energy, EV, Construction, Healthcare and Food & Drink.
BizClik, based in London, Dubai and New York, offers services such as content creation, advertising and sponsorship solutions, webinars and events.
