TC Mar-Apr 2021 Issue

Telecommunication News
NdcTech & PTCL collaborate to offer Banking Services
on Cloud for the first time in Pakistan
Pakistan Telecommunication Company
Limited (PTCL) signed a partnership
with NdcTech, an award-winning
regional partner of Temenos, to offer
Banking Services on Cloud for the first
time in Pakistan.
Nadeem Khan, Acting CEO and Group
Chief Financial Officer, PTCL Group,
Zarrar Hasham Khan, Chief Business
Services Officer, PTCL, Saad Muzaffar
Waraich, Group Chief Technology
& Information Officer (Operations),
PTCL and Ammara Masood, CEO
& President, NdcTech attended the
signing ceremony held in Karachi,
along with senior officials from both
sides.
This collaboration will allow
NdcTech and PTCL to offer
Cloud-based Digital Banking
and Core Banking solutions.
This will be offered to banks
and non-banking financial
institutions for the first time
in Pakistan. This partnership
will open new avenues and
facilitate banks to provide
banking services digitally to
their customers in less than
KATI signs MoU with Jazz
The Korangi Association of Trade and
Industry (KATI) and Jazz, Pakistan’s
number one 4G operator and largest
internet and broadband service
provider, have signed a Memorandum
of Understanding (MoU) to provide
discounted services to the members of
KATI.
The MoU was signed by KATI
President Saleem-uz-Zaman
and Jazz Regional Head B2B
Sales Asim Irshad under the
presence of KATI’s Chairman
Cellular Standing Committee
Syed Johar Ali Qandhari and
Secretary-General Nihal Akhtar.
Speaking on occasion, Saleemuz-Zaman
said, “Given the
quality of services offered by
90 days. Furthermore, it will also allow
banks to configure the model they want
to operate and prepare for agility and
change from the very start.
On the occasion, Nadeem Khan,
Acting CEO & Group Chief Financial
Officer, PTCL Group, said, “With the
rising need to keep financial sector
data secure, PTCL is the right choice
for an in-country Cloud-based hosting
solution for this sector. We are serving
corporates and enterprises with a
truly robust and secure solution with
the capability to host the data within
Pakistan. This agreement will enable
PTCL and NdcTech to jointly facilitate
banks and financial organizations to
create a safer and more secure Cloud
Jazz, I believe KATI members will
benefit from this understanding that has
been established and make full use of
discounted services to further their
business objectives. Such collective
efforts are essential so that end-users,
especially business and industrial
communities, can benefit from the
digital ecosystem.”
solution for storing financial data within
the country.”
On the occasion, Jean-Paul Mergeai,
President, APAC and MEA, Temenos,
said, “We welcome this partnership
between NdcTech and PTCL to provide
a local Cloud hosting solution for
banks in Pakistan. Temenos software
is cloud-native and designed for the
digital banking age. Temenos is the
platform of choice for banks that want
to create hyper-efficient cost models,
get to market faster and rapidly launch
innovative personalized products.”
On the occasion, Ammara Masood,
CEO & President, NdcTech, said, “This
is a strategic partnership for us with
PTCL, who clearly stands out as a
trusted partner with state-of-the-art and
secure facilities in Pakistan. Through
this collaboration, we will jointly
host world’s leading Temenos
Software for Banks wanting to
use value added services on
PTCL Cloud. Temenos cloudnative
and cloud agnostic
products and our offering of
Pakistan Model Bank built with
local country specific products
and services is fully integrated
with the National switches
and gateways allowing digital
banks to launch rapidly.”
Jazz’s Chief Business Officer, Ali
Naseer, added, “By creating synergies
with reputable organizations like
KATI, we can not only increase the
accessibility of our services but also
maximize the impact that these
innovative services can have on local
business communities.”
According to the MoU, KATI’s
authorized members will
be able to avail reasonable
discounts on Jazz’s 4G devices
and voice and data services.
Each member company will
share proof of membership with
Jazz, as all connections will
be activated on the respective
company’s name. The company
availing the discounted services
and devices will be responsible
for ensuring timely payment of
dues.
TRADE CHRONICLE - Mar - Apr - 2021 - Page # 29