Habib Bank has licensed Misys BankFusion Equation to “reinforce its leadership in the Pakistani banking industry” by helping improve its online banking services and serve its trade finance and treasury customers more effectively.
It’s said that the new BankFusion Equation core banking solution will enable the bank to enhance operational efficiency and increase its ability to respond quickly to customers’ needs.
Habib Bank is the largest bank in Pakistan with approximately 1,500 domestic branches and more than 30 international branches in 20 countries. It was the first bank in Pakistan to centralise its technology onto a single platform to improve its services.
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 treasury, trade finance and payment processes.
Zakir Mahmood, CEO Habib Bank, said, “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 will allow us to enhance our service and customers’ experience.”
Roy Froud director- Middle East and Africa, Misys
“Habib Bank has always been an innovator and a leader in the financial services sector,” said Roy Froud, director – Middle East and Africa, Misys. “This project will demonstrate the superior ability of BankFusion to service a large-scale banking network such as Habib’s.
We are deeply committed to ensuring the bank stays at the forefront of the market and continues to reap benefits from our solutions.”