Misys Banking Systems, a global leader in banking software and solutions, announced that its core banking system, Misys Equation, is to be implemented by KASB Bank to help it grow its retail banking business and further enhance customer relationships.
In order to maintain its competitive edge, KASB Bank needed to enhance the range of products and services it provided its customers in Pakistan.
In a statement issued here on Wednesday, the executive team at the bank decided to replace the current ten-year old system, which was no longer able to cater for the increasing consumer demands.
From a shortlist of three, including Temenos and Systems Access, Misys Equation was chosen to provide KASB Bank with a centralised core banking system to improve the performance of the bank and enhance customer interactions. Misys Banking Systems was chosen for its proven technology, rapid implementation successes and the expert knowledge of the banking industry in the region.-PR