Tripoli, Libya – June 24, 2025 – Libyan Foreign Bank (LFB), a cornerstone of Libya’s financial landscape and a pioneer in offshore banking, is transforming its business and retail banking services through a strategic collaboration with Xpert Digital (XD), a global powerhouse in innovative digital banking solutions. This initiative will enhance the reach of LFB’s services, providing best-in-class digital banking experiences to its customers across Africa, Europe, and the Middle East. This collaboration underscores LFB’s commitment to embracing the future of banking, putting customers first, and leading with state-of-the-art digital solutions.
With an asset size of $17 billion and serving over 5,000 corporate clients, LFB’s mission is to deliver efficient, customer-centered banking. The new Temenos Digital platform offers a comprehensive suite of functionalities, including instant login, comprehensive account management, secure authentication, payroll and bulk payments, advanced cheque management, multi-tier approvals, beneficiary management, fast-track customer search and user profile management. All of these features empower LFB’s business customers with unparalleled flexibility, allowing streamlined operations and efficient servicing of SME clients in Libya and beyond.
Retail customers will also benefit from Temenos Digital for Retail and Business Banking with features such as seamless login, quick money transfers, end-to-end account management, multilingual support (English & Arabic), beneficiary management, swift access to statements, profile management, and multi-level secure access for meticulous authentication. By automating many of these processes, LFB is reducing operational costs and improving efficiency, paving the way for a modern banking experience that meets today’s demands.
I'm delighted to announce the launch of our innovative digital banking services. Working with Xpert Digital has enabled us to realize our vision for a pioneering digital banking experience. We're committed to providing seamless and secure banking services to both our corporate and individual clients, aligning with our broader mission of connecting the Libyan financial sector with the global economy.
Mohamed Elamari
General Manager, Libyan Foreign Bank
Libyan Foreign Bank’s digital transformation is a significant step towards modern-day and advanced banking services. By deploying Temenos Digital for Retail and Business Banking, LFB is showing its commitment to providing customer-first and innovative banking services. It’s exciting to see their forward-thinking approach as they continue to elevate the digital experience for their customers.
William Moroney
Chief Revenue Officer, Temenos
Our collaboration with LFB underscores our dedication to delivering secure, cutting-edge digital banking solutions, exclusively tailored to meet the unique needs of Libyan Foreign Bank customers. This digital platform not only strengthens LFB’s offerings but also sets a new standard in digital banking experience across the region.
Hammad Rasool
Co-Founder & Director, Xpert Digital
Our association with Libyan Foreign Bank (LFB) is about more than just technology, it’s about empowering businesses and individuals, creating a gateway to global opportunities. I am pleased with TeamXD’s dedicated efforts in realizing LFB’s vision and pushing the boundaries of transformative digital banking for a new era of financial services in Libya and beyond.
Shazia Hammad
CEO, Xpert Digital
Through this strategic collaboration, LFB advances in its three underlined strategic business objectives; enhancing customer experience and loyalty, increasing operational efficiency and cost-effectiveness, and fostering innovation to maintain a competitive edge.
LFB with its digital banking services for SME and retail banking customers will signify a major milestone for Libya’s banking sector, positioning it as a regional leader in customer-focused, digital-first banking. By leveraging innovative technology, LFB and Xpert Digital are transforming the future of financial services that are more accessible, efficient, inclusive, convenient and impactful for not just Libyan customers but worldwide.
About Xpert Digital (XD)
Xpert Digital (XD) is the most successful Temenos Digital partner with expertise in Loans, Corporate, Business and Retail Banking. XD has created world’s 1st and only Temenos Digital Accelerator Factory that has a strong track record of turbocharging implementation efforts to get to market in the fastest time possible. Our leadership team has over 100 years banking, technology and payments experience so we can deliver the depth and breadth of expertise to drive success out of the box (OOTB).
With XD’s global presence, our structural expertise, 200+ trained practitioners with proven track record of 49+ projects and 13 model banks created, XD has enabled over 200 million digital customers globally. XD offers on-site and offshore solutions to its global clientele through a 220+ team, operating from its headquarters in Dubai, UAE with regional offices in Oman, Pakistan, Lithuania, and Singapore.
XD’s portfolio includes transformative projects in Africa, Middle East, Asia and we now have teams on the ground scaling in Europe, LATAM and North America. Enhancing the banks’ digital banking capabilities through innovative solutions, Xpert Digital has received more Awards and Recognitions than we can keep track of.
Driven by customer-first, innovation and state-of-the-art digital banking solutions, XD is the catalyst you want and need as your partner.
Follow us on LinkedIn or visit Xpert Digital (XD) for all the latest and exclusive updates in the digital banking space.
About Libyan Foreign Bank (LFB)
Libyan Foreign Bank (LFB) is a prominent financial institution committed to delivering comprehensive and innovative banking solutions across Libya and beyond. LFB provides a diverse range of financial products and services, including retail and corporate banking, trade finance, investment solutions, and treasury services. With a strong focus on customer satisfaction, LFB prioritizes building lasting relationships and tailoring financial offerings to meet the distinct needs of its clients. The bank’s emphasis on digital transformation ensures that customers benefit from advanced banking tools and seamless financial management.
For more information, please visit: www.lfb.ly
About Temenos
Temenos (SIX: TEMN) is the world’s leading open platform for banking, serving clients by helping them build new banking services and state-of-the-art customer experiences. Top performing banks using Temenos software achieve cost-income ratios almost half the industry average and returns on equity 2X the industry average. The IT spend of these banks on growth and innovation is also 2X the industry average.
To find out more about Temenos, please visit: www.temenos.com
