UBL, one of Pakistan's largest private commercial banks, has chosen SunGard's System Access solution to help it centralise its core banking operations. UBL has more than 1,060 branches in Pakistan, as well as international operations across the Middle East, Europe and the US.
It also has plants to increase this network and grow its international business into new regions. Atif R. Bokhari, president and chief executive officer at UBL, commented: "The banking industry, both domestically and internationally, is becoming for more competitive. We therefore need to transform our business processes in order to stand shoulder to shoulder with the world's leading banks and take a leadership role in product innovation, market agility and customer service."
Leslie Loh, president of SunGard's System Access business unit, added: This latest System Access success, our fourth in Pakistan, is a good indicator that SunGard's efforts to provide the right mix of continuous product innovation and local industry knowledge are working."
With annual revenue exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies www.sungard.com.