Temenos (SIX: TEMN) today announced that it has signed an agreement to grant license rights to NdcTech, a wholly owned subsidiary of Systems Limited and one of its largest regional system integrators partners, to develop further and market the Temenos Country Model Banks on top of Temenos open platform for financial institutions in these seven Middle Eastern countries. NdcTech is committed to invest and develop regulatory and business-specific localized functionality to enhance these Model Banks for banks of all sizes in Bahrain, Kuwait, Oman, Pakistan, Qatar, Saudi Arabia and the United Arab Emirates. As part of this agreement, NdcTech will become a trusted partner for upgrade services in those countries to enable customers to seamlessly upgrade their technology stack and offer them a modernization path to a SaaS model on the Temenos Banking Cloud.