NEWS
Silkbank goes live with Temenos Infinity to supercharge digital banking in Pakistan
personalized and secure banking experiences and increase customer satisfaction . The improved digital onboarding and banking experience gives Silkbank a competitive edge it expects will increase its new retail , corporate and business customers by 15 % this year .
Silkbank , a leading commercial and Islamic bank in Pakistan , has gone live with Temenos Infinity , a leading digital banking platform .
Temenos Infinity enables Silkbank to offer seamless digital onboarding with readyto-go digital banking features designed to attract new customers and increase customer engagement .
Silkbank ’ s existing digital banking offers a broad range of retail and business products and services . However , using disparate legacy systems , the customer experience was disjointed and inconsistent across its web and mobile channels .
Temenos Infinity gives the bank a unified digital banking platform to bring these services together to create frictionless ,
Javed Yousuf Edhi , CIO and Group Head – Technology and Digital Innovation Group , Silkbank , said : “ With Temenos Infinity , we can accelerate our Digital Transformation initiatives and reimagine how we engage with customers digitally . For example , our retail and business customers increasingly want to do more of their banking by mobile app and Internet , and expect the experience to be effortless .
“ Whether onboarding new accounts digitally , providing an omnichannel experience , offering exceptional service , or a combination of all , Temenos Infinity makes it possible .”
Telstra wins 15-year IoT deal with Yarra Valley Water
Telstra has won a 15-year competitive contract with Yarra Valley Water to provide one million industrial IoT services on Telstra ’ s IoT network .
The win is Telstra ’ s largest IoT deal to date and the first large-scale IoT deployment utilising Telstra ’ s new cloud-based Platformas-a-Service IoT Connection Manager ( ICM ), which will help Yarra Valley Water , based in Victoria , Australia , gain access to near realtime data from a range of in-field sensors .
Specifically developed for large scale projects , ICM provides simple and effective SIM and connectivity management that takes the complexity out of managing one million connections .
Yarra Valley Water Managing Director , Pat McCafferty , said : “ Internet of Things devices are a game changer for the water industry . By deploying a range of different sensors into our water and sanitation networks , we can detect leaks , minimise water wastage and save our customers money .”
As part of the deal Telstra will provide the IoT connectivity and the ICM Platform to enable sensor readings to be collected automatically in near real-time . This enables Yarra Valley Water to be far more proactive by helping prevent leaks from becoming bursts , sewer blockages from becoming spills and notifying customers about issues on their properties so they can act quickly .
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