Case Study - Meezan Bank

Meezan Bank is managing rapid branch expansion with Temenos T24 core banking. It has developed a range of Islamic banking products for customers ranging from governments to individual consumers and is establishing a centre of excellence for Islamic banking.

Temenos T24 supports Meezan Bank’s branch trading, from retail to trade finance, treasury, and all kinds of alternative distribution channels by integrating with the bank’s middleware.

Meezan Bank was established in 2002 with four branches, now has 291 and plans to have more than 700 by 2017.The number of employees has doubled to more than 4,000 since 2007.

The initial procuring of T24 as its core banking system was in response to their management setting anambitious branch opening target in its five-year plan.

"Before T24, we had a decentralised service in all branches.The expansion policy of 2004/5 forced us to rethink and we decided to adopt for a centralised integrated application," explains Executive Vice President, IT, IqbalAhmad.

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