Pakistan’s JS Bank has upgraded its core banking system to Temenos’ T24 R14.

The bank, based in Karachi, has moved all of the operations at its head office and branches to the latest version of Temenos’ flagship core platform. The bank has been using T24 for nearly a decade.

The upgrade was performed on behalf of Temenos by Pakistan-based National Data Consultants (NDC), the vendor’s regional partner.

JS Bank, which is a subsidiary of a larger domestic financial services group, JS Group, has around 240 branches in 122 cities and holds assets of around $1.1 billion. The bank deals in commercial, private and retail banking as well as treasury and wealth management.

In 2012 the bank set out plans to buy up HSBC’s Pakistani branches and assets but the deal fell through the following year.

Earlier this year JS Bank opened its first branch outside of its home country, in Bahrain. The announcement followed the awarding of a wholesale banking licence to JS Bank by the Central Bank of Bahrain in 2015. The Bahraini branch is also underpinned by the T24 core banking system.

The Bahrain branch is the start of a programme aimed at giving JS Bank a presence in the GCC and wider MENA region.

Time for Temenos

Temenos continues to be busy with its flagship core banking platform, T24.

Advanzia Bank in Luxembourg has selected T24 to replace its legacy system, which had been running at the bank for more than ten years. Temenos will be completely replacing Advanzia’s current technology environment, according to the vendor.

Another recent deal is in China, where T24 is set to underpin the operations of a Shanghai-based consumer finance start-up.

A new digital bank in Canada, EQ Bank, has launched on Temenos T24. Based entirely online and on mobile, the bank will be underpinned by a host of Temenos systems: T24, Temenos Connect and Insight BI.

Not so happy news, however, comes from Germany, where an earlier T24 taker is understood to have halted the project.