Libyan Foreign Bank revolutionizes Digital Banking Experience using Temenos Digital
Banking Platform powered by Xpert Digital
Tripoli, Libya – June 29, 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 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 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 the Temenos Digital banking platform with features such as seamless login, quick money transfers, and 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.
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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
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Libyan Foreign Bank’s digital transformation is a significant step towards modern-day and advanced banking services. With the incorporation of Temenos Digital Banking Solutions, LFB showcases its commitment to providing customer-first and innovative banking services. It gives us immense pleasure to witness how LFB’s visionary approach will create pathways for other financial institutions in Africa, Europe and the Middle East to transform their digital customer experiences.
William Moroney, Managing Director – MEA, Temenos.
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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.
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 Xpert Digital (XD)
Xpert Digital (XD) is an ISO-certified, award-winning digital banking and digital lending implementation partner for global banks. With a proven track record of serving over 100 million users worldwide, XD has successfully implemented digital solutions for over 40
top-tier banks across 22 countries. XD takes pride in having a dedicated team of 200+ expert digital banking consultants, possessing deep expertise in Retail, Corporate, SME and Digital Lending solutions.
XD’s innovative and modern delivery methodology, digitalworkx©, is a proprietary and pre-built accelerator factory, designed to streamline the digital transformation process. This unique delivery methodology reduces risk, accelerates time-to-market by 50%, and ensures a seamless transition to a digital-first banking model.
With well-established Global Centers of Excellence (COEs), 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 Muscat, Johannesburg, Karachi, Addis Ababa, Jakarta, Singapore, and Sydney.
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Xpert Digital (XD) for all the latest and exclusive updates in the digital banking space.
About Temenos
Temenos (SIX: TEMN) is the world’s leading open platform for composable 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 of almost half the industry average and return on equity 2X the industry average. Their IT spending on growth and innovation is also 2X the industry average.
To find out more about Temenos, please visit::
www.temenos.com