Lesha Bank, an investment bank headquartered in Doha, Qatar, is working with its long-time partner, Temenos, to upgrade to the latest version of the Temenos Transact core banking platform, known as R23. The goal is to enhance the bank’s wealth management and investment banking services.
Temenos said that its latest core banking platform version will allow Lesha Bank to leverage API-led, cloud-native technology, streamlining processes and accelerating the rollout of digital initiatives and personalized Shariah-compliant investment opportunities.
According to the Swiss vendor, the new platform enables the bank to integrate swift processing and securities settlement into the core system, utilizing the latest securities components. This integration is said to enhance functionality, significantly improve straight-through processing, and speed up transaction processing times.
William Moroney, Managing Director for Middle East and Africa at Temenos, notes that the new technology will give flexibility to capitalize on future cloud opportunities.
Founded in 2008 and previously known as Qatar First Bank, Lesha Bank offers Shariah-compliant financial products and alternative investment opportunities to institutional clients and high-net-worth individuals.
