Money, Finance and Banking Blog in Pakistan
Posts tagged Information Technology
Chinese Bank Selects NetSol Financial Software Suite
Jul 30th
NetSol Technologies Ltd and China Minsheng Bank Corp Ltd (MSFL) have signed a contract for NetSol Technologies’ Financial Suite of leasing and finance products.
The implementation will include NetSol Financial Suite’s (NFS) Credit Application Processing (CAP) and Contract Management System (CMS) for retail business operations.
The NetSol implementation with MSFL incorporates product licenses as well as customization, implementation, and data migration services.
Executive Vice President of Minsheng Financial Leasing, Ms Wong said they made the choice after careful evaluation of globally leading IT services vendors providing software in the finance and leasing space.
“We selected NetSol based on their impressive product strength and presence More >
SBP to Provide Rs215 million to Microfinance Institutions
Jul 24th
State Bank of Pakistan (SBP) will provide Rs215 million under the institutional strengthening fund to the Pakistan Microfinance Network (PMN) and NRSP Microfinance Bank.
Under the arrangement, the SBP will provide Rs133 million to PMN over the next five years and Rs82 million to NRSP Microfinance Bank over a period of one year for promotion of microfinance services in the country.
In addition, Rs82 million have also been approved for Tameer Microfinance Bank over the next one year, the central bank said in a handout.
Senior officials of the SBP and the UK Department for International Development (DFID), who were present at the More >
UBL Fund Managers to Implement Oracle Financials
Jul 2nd
UBL Fund Managers, an asset management company, has announced the implementation of Oracle Financials for managing the company’s accounting and reporting requirements.
The implementation comprises five modules namely General Ledger, Payables, Receivables, Cash Management and Fixed Assets. The project completion is targeted towards the end of the calendar year. The solution is being implemented by IBM — a name well-known in the IT Industry.
With this implementation, UBL Fund Managers, currently managing assets of around Rs22 billion, intends to achieve overall efficiency in different areas and execute operations on real-time basis for timely and prudent decision-making, says a press release.
UBL Fund Manager More >
UBL to Collect QESCO Bills Online
Jun 18th
United Bank Limited (UBL), one of Pakistan’s largest private sector banks, recently signed and implemented an agreement with Quetta Electric Supply Corporation (QESCO). The objective of the agreement was to make the process easier for QESCO consumers to pay their bills online through the UBL Netbanking and contact centres.
In addition, consumers can also use their mobile phones to avail this facility with UBL Orion mobile banking, while plans are underway to introduce cards in the continuation of this facility.
Mohammad Shafiq, CEO, QESCO and Aurangzaib Alamgir, SVP Business Head, E-Commerce Group, UBL signed the agreement on behalf of their respective organisations, More >
MCB and SAP Pakistan Ink Technology Agreement
Jun 14th
MCB Bank Limited and SAP Pakistan, on Wednesday, June 10, 2009, entered into a technology agreement licensing SAP’s Human Capital Management (HCM) software solution at MCB.
The new software solution will enable MCB Bank to standardize its core human resource management processes, thereby enhancing efficiency in managing services for its staff. The end-to-end talent management capability of HCM will allow more informed decisions in view of the bank’s overall HR requirements as well as their needs and responsibilities.
The solution will be implemented at MCB Bank through Sidat Hyder Morshed Associates (SHMA), SAP’s implementation partner in Pakistan in the Financial Services segment.
The President and CEO More >
