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    Temenos T24

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    Sind Baad
    1. Silkbank Limited recently upgraded its core banking system to Temenos T24, an internationally recognized leader in banking software. 2. As part of the upgrade, Silkbank developed enhancements to T24 including a personal loan application and integration, as well as automatic alerts for ATM downtime. 3. Silkbank also improved its disaster recovery capabilities, network infrastructure, and implemented an Oracle financial system as its corporate ERP solution.

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    Temenos T24

    Uploaded by

    Sind Baad
    704 views4 pages
    1. Silkbank Limited recently upgraded its core banking system to Temenos T24, an internationally recognized leader in banking software. 2. As part of the upgrade, Silkbank developed enhancements to T24 including a personal loan application and integration, as well as automatic alerts for ATM downtime. 3. Silkbank also improved its disaster recovery capabilities, network infrastructure, and implemented an Oracle financial system as its corporate ERP solution.

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    TEMENOS T24

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    1. Silkbank Limited recently upgraded its core banking system to Temenos T24, an internationally recognized leader in banking software. 2. As part of the upgrade, Silkbank developed enhancements to T24 including a personal loan application and integration, as well as automatic alerts for ATM downtime. 3. Silkbank also improved its disaster recovery capabilities, network infrastructure, and implemented an Oracle financial system as its corporate ERP solution.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    704 views4 pages

    Temenos T24

    Uploaded by

    Sind Baad
    1. Silkbank Limited recently upgraded its core banking system to Temenos T24, an internationally recognized leader in banking software. 2. As part of the upgrade, Silkbank developed enhancements to T24 including a personal loan application and integration, as well as automatic alerts for ATM downtime. 3. Silkbank also improved its disaster recovery capabilities, network infrastructure, and implemented an Oracle financial system as its corporate ERP solution.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    UNIVERSITY OF CENTERAL PUNJAB

    E-BANKING
    Assignment # 1 1 net and mnet

    Presented to: Presented by:

    Prof.Atif Arif
    M.Umar Niaz Rubab Syed (L1S09MBBF0015) (L1F08MBBF2027)

    Dated:
    Introduction:

    November 03, 2011

    TEMENOS T24 (formerly known as GLOBUS) has been an international sales leader in Banking Software packages in the last five years. Its development through its application in a great number of facilities has rendered this system capable of covering the most specialized banking needs. Today TEMENOS T24 operates in 500 banks and financial institutions in more than 100 countries. TEMENOS T24 developers integrated all their experience in the banking field in their system which operates in real time environment and provides support to all types of banks (wholesale, retail, investment) and other financial institutions. The TEMENOS T24 retail banking functionality includes: Teller applications Savings accounts Mortgage processing with Past Due obligations Funds transfers and standing orders Cheque and card management ATM Interface Branch server processing About Silkbank Limited- Pakistan On September 15, 2001, the institution then known as the Prudential Bank was acquired by the management and associates of the Saudi Pak Industrial and Agricultural Investment Company (Pvt) Ltd (SAPICO) In 2008, Saudi Pak Commercial Bank was taken over by an international consortium comprising of IFC (World Bank Group), Bank Muscat and Nomura Saudi Pak Commercial Bank was rebranded as Silkbank Limited in June 2009 Silkbank has successfully completed migration to T-24, the new Core Banking System. Several enhancements were successfully made in the T-24 infrastructure which included Personal Loan application and integration with T-24; auto ATM alerts functionality for sending downtime alerts to the concerned personnel as per a defined escalation matrix, upgradation in the existing call center software, a FRMS-Fraud and Risk Management System for Visa Debit Cards and evaluation of collection System CWX.

    Silkbank has also prepared a comprehensive DR site as part of the Business Continuity Plan (BCP). Bank-wide systems have been categorized based on criticality level and real time replication with auto switch over of most critical identified systems. There have also been major upgrades in the network infrastructure to cater to redundancy of network equipment and links at the branches. All Silkbank branches are now connected via the Wide Area Network (WAN), providing real time online connectivity. Silkbank has also procured the Oracle Financials System as the corporate ERP Solution. The Oracle ERP would be implemented as a Corporate GL, and implementation of its modules which include Fixed Assets, Procurement, Inventory and Business Intelligence is under process. Silkbank has acquired Work-stream Developer, a Quality Track Automation tool to ensure business process automation in various areas across the Bank. This will enable the Bank to develop efficient workflows with minimum development time, besides achieving significant cost saves and efficiencies.

    With new management in place the bank now focus on investment in technology and aligning it to the business strategy. The bank has purchased state of the art core banking system, temenos T-24. The bank believes that this will improve the business efficiency when will aligned with employee training. The bank has developed new policies and procedures and is creating awareness through training workshops covering 32882 participants during the current period.

    Technology products of silk bank Visa debit card e statement sms alert Silk diret mobile banking

    Technology Initiatives Enhancements in the T-24 System Personal Loan Application & integration with T-24 developed & launched Auto ATM Alerts functionality for sending downtime alerts to the concerned personnel as per defined escalation matrix E-statement feature for Foreign Currency Accounts was developed Upgrade in existing call center software (One ID Solution) FRMS-Fraud and Risk Management System for Visa Debit Cards Evaluation of Collection System CWX was accomplished

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