Qatar’s Lesha Bank leaps onto new Temenos banking terrain.

  • Qatari-based Lesha Bank has moved to the latest version of Temenos’ core banking platform.
  • The shift aims to enhance wealth and investment services, offering Shari’a-compliant investment opportunities.
  • Temenos’s platform provides tools for enhanced functionality, reducing local customizations and improving transaction processing efficiency.

Lesha Bank, a Temenos client for many years, has upgraded to the latest version of the software provider’s core banking platform. The transition allows the Qatari investment bank to access the newest banking features from Temenos and the Exchange ecosystem, including a modern API-driven, cloud-native technology.

This platform migration simplifies processes for Lesha Bank and enables it to provide Shari’a-compliant investment opportunities. It also speeds up digital initiatives, backed by personalised experiences that utilize data and artificial intelligence.

Notably, the adoption of this latest platform provides Lesha Bank with tools for enhanced functionality which help reduce local customizations and improve transaction processing efficiency, notably in SWIFT processing and securities settlement.

Temenos, a well-known provider of banking software, offers standardised migration approaches and advanced tools to facilitate seamless transitions for its clients. The company empowers financial institutions with advanced, innovative solutions.

Lesha Bank, based in Qatar, tailors its services to high-net-worth individuals and institutional clients by offering Shari’a-compliant investment opportunities and financial solutions. As the first independent Shari’a-compliant bank authorised by the Qatar Financial Centre Regulatory Authority, it is a listed entity on the Qatar Stock Exchange.

Mohammed Al Emadi, Lesha Bank’s CEO, said the successful system upgrade was a “giant leap forward for the bank.” Meanwhile, William Moroney, Managing Director for the Middle East and Africa at Temenos, expressed pride in supporting Lesha Bank’s vision to become a global leader in Shari’a-compliant banking.