NCCBL initiates Digital Banking transformation by FloraBank

NCCBL initiates Digital Banking transformation by FloraBank

National Credit and Commerce Bank PLC (NCCB) has announced a landmark digital transformation initiative, marking a significant step forward in its commitment to enhanced technological infrastructure and superior customer experiences.
NCCB formalized its partnership with Flora Systems Limited through the Agreement signing ceremony on 10th December, 2024 in NCCBL Headquarters, Motijheel. This partnership aims to bolster NCCB operational efficiency and service quality via the deployment of Flora Systems advanced core banking solutions. The agreement was signed by Mr. M. Shamsul Arefin, Managing Director, NCCBL and Mr. Mustafa Rafiqul Islam, Chairman & Managing Director, Flora Systems Limited.
It is noteworthy that NCCB has been utilizing FloraBank CBS since 2008, having replaced the foreign CBS MicroBanker. For this latest upgrade, Flora Systems successfully competed against globally renowned core banking solutions from Oracle, Temenos and others, underscoring the robustness and competitive value of Flora Systems locally developed CBS
As part of the arrangement, Flora Systems will implement its FloraBank Core Banking System (CBS) across NCCB operational landscape, upgrading the system from version 18.4 to 22.4.
This transition is self-assured to strengthen service quality, enhance operational efficiency, and strengthen security, aligning with NCCB focus on innovation and customer-centric solutions.