HP has announced that Pakistan's Faysal Bank has signed a five-year outsourcing service contract with HP Enterprise Services. Faysal Bank was looking to expand its business and had acquired Royal Bank of Scotland's (RBS) credit card division in January 2011, as part of its growth strategy. As a result, the banks needed a service provider to power and manage its core credit card issuance system. Faysal also required support to migrate RBS' systems to its own.
"Competition in Pakistan's credit card industry is growing, customer expectations are increasing, and regulatory requirements are more stringent," said Aarij Ali, head of retail banking, Faysal Bank. "Only HP has the expertise to help us complete the migration with minimal risk and cost, while ensuring continuity of service and enhancing customer relationship management."
From its data center in Taipei, Taiwan, HP will provide Application Management Services and Data Center Services to manage all credit card services for Faysal Bank, spanning more than 220 branches across Pakistan. The services include a suite of applications running in a secured virtual environment that processes transaction authorisations, online statements and redemptions. Additional services are include fraud detection and analytical recommendations for the bank's commercial, consumer and corporate clients.
"Financial institutions must be able to respond quickly to changing regulatory and customer demands," said Jon Wang, managing director and general manager, Enterprise Business, HP Taiwan. "With more than three decades of experience in financial services, HP and its Instant-On solutions are helping Faysal Bank embed technology in everything it does to improve customer services at a lower cost."-PR
Comments
Comments are closed.