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

October 28, 2024

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.