Accounting and Financial Software
Habib Bank Reinforces Leadership Position with Misys BankFusion Equation
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LONDON - 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
Source: Misys plc
