Understanding the importance of business automation for financial institutions in a fast-changing world, IPDC Finance Limited, as part of recent organizational transformation, has implemented R18 version of Temenos T24 Core Banking Software (CBS).
In a press briefing, organised by IPDC finance at Pan Pacific Sonargaon Hotel in the capital on Wednesday, high officials from IPDC and FDS Bangladesh introduced the software, for the first time in the country.
T24 is one of world’s leading CBS developed by Temenos of Switzerland and is used as core banking software by numerous banks in Bangladesh.
Rayhan Uddin Sarker, COO and Director of FDS Bangladesh Limited said, “We are glad to be partner in the first implementation of Temenos T24 CBS in NBFI sector of the country. Rigorous efforts, professionalism and excellent teamwork between FDS and IPDC made the smooth implementation possible only in eight months. With this implementation we have now better understanding of the business of NBFI and able to customize the system to cater to their needs”
Mominul Islam, Managing Director and CEO of IPDC Finance Limited said, “A robust CBS is a necessary condition for business transformation in financial institution. We have taken early initiative to implement a state-of-the-art Temenos T24CBS targeting our strategic vision. The implementation of the robust CBS is only the beginning of IPDC’s journey towards complete digitization of our service delivery model. This CBS will be at the centre of our other systems for Supply Chain Finance, Consumer White Goods Finance and Loan Origination System etc. We are looking forward to a complete business transformation for extra-ordinary customer experience.”
