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Ziraat Bank KSA in major core banking system upgrade with Temenos and DevisersTech

  • Core Banking Upgrade: Ziraat Bank KSA upgraded its core banking system from Temenos’ T24 R17 to the R24 version.
  • Delivery Partner: The project was delivered in partnership with Pakistan-based DevisersTech, which described the upgrade as “strategic” for the bank.
  • Benefits of Upgrade:
    • Faster transaction processing.
    • Enhanced security features.
    • Improved system reliability.
  • Background:
    • Ziraat Bank KSA was established in Saudi Arabia in 2011 and offers retail and corporate banking services.
    • The bank has been using the T24 core banking system since its inception.
  • Previous Upgrades: The last major upgrade occurred in 2018, when the bank transitioned from R10 to R17, facilitated by National Data Consultant (NdcTech), another Pakistani tech firm.
  • NdcTech Acquisition: In 2022, NdcTech was acquired by Systems Limited, indicating shifts in partnerships within the technology integration sector.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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