The Bank of Khyber (BOK) and Sidat Hyder Morshed Associates (SHMA) entered an agreement to implement Bank Essentials Core Banking System across the entire Bank, says a press release received here on Thursday.
The agreement was signed by Feisal Khan Divisional Head IT BOK and Arshad Hussain Director SHMA on behalf of their respective institutions at agreement signing ceremony, which was held at BoK Head office Peshawar and was also graced by Bilal Mustafa Managing Director BoK, Mir Javed Hashmat Executive Director BoK, Imran Samad Group Head Credits BoK, Omer Morshed CEO SHMA, Taufiq Ahmed Senior Manager SHMA, Yawar Aqil Senior Manager apart from Divisional Heads of BoK.
The new system will be implemented for both Islamic and conventional branches as well as in the treasury of the Bank. It will be a fully centralised system with full disaster recovery back up. It is envisaged that the new system will greatly enhance The Bank of Khyber's operational capabilities in terms of regulatory reporting, risk management and most importantly, its ability to efficiently service its rapidly growing customer base.-PR
Comments
Comments are closed.