Misys Core Banking announces today that KASB Bank has completed the implementation of Misys Equation across its operations in 12 major cities in Pakistan .
The solution, which was chosen over systems from Temenos and Systems Access, will accelerate the growth of KASB’s retail banking business and further enhance its customer relationships across the country, the software firm says.
“The very fast implementation was testament both to the quality of the solution and the implementation team from Misys and KASB,” comments Muneer Kamal, president of KASB Bank. “Our existing distributed environment was reaching the end of its natural life and we needed a centralised core banking system of the calibre of Equation to improve our performance and enhance the service we provide to our customers. We are aiming to grow our business ten-fold over the next three years and we are delighted that our team, and the experts from Misys, have enabled us to go live so quickly,” he adds.
KASB Bank has 35 branches across the country and Misys Equation now gives the bank a consolidated view of all interactions. The bank aims to increase the number of branches to 50 by the end of this year, underpinned by Misys Equation.
KASB Bank is building its Islamic finance services, which will be launched later in 2007.
Misys will work with KASB Bank to provide this additional capability for their customers.