Qatar-based investment bank Lesha Bank has migrated to the core banking platform of Swiss banking software provider Temenos to improve its wealth management and investment banking services.
Through the transformation, Lesha Bank can access the modern application programming interface (API)-driven, cloud-native technology.
It will also enable the bank to leverage the latest banking capabilities from Temenos and the exchange ecosystem.
Temenos Middle East and Africa managing director William Moroney said: “We are proud to support Lesha Bank and their vision to become a global leader in Shari’a-compliant banking.
“On the latest Temenos banking platform, Lesha Bank can keep on creating innovative and relevant products quickly and efficiently, and also leverage a modern architecture to take advantage of cloud opportunities for the future.”
By operating on the latest platform, Lesha Bank will be able to streamline its processes by offering new Shari’a-compliant investment opportunities with the latest tools.
It will also expedite the bank’s digital initiatives, with personalisation driven by data and artificial intelligence (AI).
Besides, the Swiss banking software provider will offer a standardised migration approach by using the methodologies and tools to support clients to migrate rapidly and seamlessly.
Listed on the Qatar Stock Exchange (QSE), Lesha Bank delivers high-net-worth individuals and institutional clients a range of custom Shari’a-compliant investment opportunities and new financial solutions.
The bank is said to be the first independent Shari’a-compliant bank authorised by the Qatar Financial Center Regulatory Authority (QFCRA).
Lesha Bank CEO Mohammed Al Emadi said: “We are delighted to have completed this major system modernisation with Temenos. 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.”
