Habib Bank Reinforces Leadership Position With Misys BankFusion Equation
By Misys Plc, PRNETuesday, May 31, 2011
LONDON, June 1, 2011 -
- Renovation Part of a Major Focus on Delivery Channels and Customer
Service
Misys plc (LSE: MSY), the global application software and
services company, today announces that Habib Bank has licensed Misys
BankFusion Equation to reinforce its leadership in the banking industry. The
system renovation will help Habib Bank to improve online banking services and
serve its trade finance, treasury and retail customers more effectively.
The new BankFusion Equation core banking solution will ensure
Habib Bank maintains its lead in banking in Pakistan. It will enable the bank
to enhance operational efficiency and increase its ability to respond quickly
to customers' needs. The bank will be able to bring new products to market
more rapidly and improve compliance with local banking policies and
regulatory requirements.
Habib Bank is the largest banks in Pakistan with approximately
1,500 domestic branches and over 30 international branches in 20 countries.
The bank delivers corporate, commercial and consumer banking services and was
the first bank in Pakistan to centralise its technology onto a single
platform to improve the service it provides to its 5 million domestic
customers.
The bank has been one of Misys' largest banking customers in
the region since 2004. It has chosen to upgrade to BankFusion Equation and is
implementing an integrated solution from Misys to streamline its core retail,
treasury, trade finance and payment processes.
Zakir Mahmood, CEO Habib Bank, states, "The ground-breaking
BankFusion solution will put Habib Bank in the lead amongst the banking
industry in the region. The BankFusion technology will not only improve our
operations domestically but across our global network and most importantly,
it would allow us to enhance our service and customers' experience."
"Habib Bank has always been an innovator and a leader in the
financial services sector," adds Roy Froud, Director - Middle East & Africa,
Misys. "This project will demonstrate the superior ability of BankFusion to
service a large-scale banking network such as Habib's and the underlying
scalability of the BankFusion platform. We are deeply committed to ensuring
the bank stays at the forefront of the market and continues to reap benefits
from our solutions."
About Misys plc
Misys plc (LSE: MSY), provides integrated, comprehensive
solutions that deliver significant results to financial services
organisations. We maximise value for our customers by combining our deep
knowledge of their business with our commitment to their success.
Misys is a market leader with over 1,300 customers, including
all of the world's top 50 banks. Misys employs approximately 4,000 people and
works with over 100 partners globally who serve customers in more than 120
countries.
We aspire to be the world's best application software and
services company, delivering results for the most important industries in the
world. Working with our extensive partner network, together we create
compelling solutions enabling our customers to differentiate themselves and
drive a competitive edge.
Misys: experience, solutions, results
Contact us today, visit: www.misys.com
For further information please contact Edward Taylor Global Head of Public Relations Misys +44(0)20-3320-5530 edward.taylor@misys.com Sebastian Mathews Financial Dynamics +44(0)207-269-7158 sebastian.mathews@fd.com
.
Tags: June 1, London, Misys plc, United Kingdom