Mybank Limited
10 October 2005, Dubai
Mybank Ltd, a private bank, is to use the Equation solution
from Misys to support its ambitious expansion plans. Equation will allow Mybank to enjoy
centralised risk management and profitability analysis – crucial if the company’s growth
programme is to be undertaken successfully.
The bank has also signed an agreement with one of the leading IT outsourcing experts in
the region, Si3, to implement the programme on the ground. It is the first time that a bank
in the region has implemented Misys Equation through an outsourcing route.
Mybank chose Misys Equation because of its reputation in the region and because it is
already well established in Pakistan. By using Misys Equation, Mybank can now get a
real-time view of its customers across all geographic locations and business lines and
obtain accurate and timely consolidated management information.
The Misys Equation family of systems is used by hundreds of banks in more than 70
countries. It benefits from a unique combination of unrivalled experience and ongoing
investment by Misys, which means that it is proven in use and technologically up-to-date.
It is a highly scalable system than can be installed with as few as five users or can cater
for millions of accounts and hundreds of thousands of transactions per day.
“Our vision is to be the best customer service bank in the country, growing rapidly over
the next ten years” explains Muhammad Azimuddin, President and Chief Executive of
Mybank Ltd. “This deal will enable us to do more for our customers, offering them
world-class banking services. We are an ambitious bank and Misys Equation will allow
us to compete on a level playing field with much bigger institutions by allowing us to
better differentiate our services without adding to the delivery cost. It will be a key driver
for the realization of our ambitions allowing us to be closer to our customers through development and delivery of customized products and services.”
“This is a significant flagship in the Si3 success story, it being a great opportunity for us
to work with a forward-thinking bank in Pakistan and a global player that is at the cuttingedge
of financial services technology,“ adds Amer Hashmi, President & Chief
Executive of Si3. “Si3 was formed to provide world class IT solutions to Enterprise
Pakistani Companies at emerging market prices, so that our clients can compete
internationally yet be able to see return of investment from current IT and Operations
budgets.” “Our ability to build, manage and outsource entire enterprise level IT
infrastructures enables our customers to focus on the business where they can add most
value while leaving us to enable their IT departments to support their business objectives.”
Andrew Derrer, Chief Executive of Misys Retail Banking, says “We welcome the
chance to further increase our presence in Pakistan. Misys has many longstanding
relationships in the country and understands the market well. Misys Equation will give
Mybank the technical capabilities it needs to gain a better understanding of its customers
and thus develop new and further improved products for them as it expands over the next
few years.”
National Logistics Corporation - NLC
Si3, Pakistan's premier IT systems integrator, announced it would be providing a total IT infrastructure, ERP and change management solution to National Logistics Cell the largest logistics company in Pakistan.
December 2004, Karachi
Under the eNLC Program, this multimillion dollar contract for deployment of turn-key systems integration services, entails Si3 utilizing its unique advantage of expertise in over a dozen IT domains to provide an end-to-end solution for NLC. The announcement comes in the middle of a busy quarter for Si3 which is the fastest growing IT company in Pakistan and whose unique outsourcing strategy and total solutions approach continues to win big business for the company.
“Si3 was formed to provide world class IT solutions to Enterprise Pakistani Companies at emerging market prices, so that our clients can compete internationally yet be able to see return of investment from current IT and Operations budgets.” said Amer Hashmi CEO of Si3. “Our ability to build, manage and outsource entire enterprise level IT infrastructures enables our customers to focus on the business where they can add most value while leaving us to enable their IT departments to support their business objectives. eNLC will be a land mark project to showcase the best technology in the public sector complete with project management and change management to ensure the transition to an automated entity goes smoothly for NLC and on time.”
“NLC wanted its automation to be the benchmark for best of breed technology solutions in Pakistan’ said Major General Khalid Zahir, Director General of NLC. ‘We realized that our ambition to be a global player in logistics and our mission to serve Pakistan in fields of freight management, transportation, engineering and supporting the government during logistic emergencies, needed not just any solution, but the best end to end IT solution available in the market today.”
“We conducted an extremely rigorous selection process and despite bidding by large multinationals, a 100% Pakistani company was selected because of the quality of the solution they proposed. Si3 has the professional expertise of quality IT professionals NLC was looking for to make it a leading company of the future. Additionally they shared the values that we look for in a trusted supplier.”
The nationwide rollout of eNLC will be supported by Si3’s Karachi and Islamabad offices. Si3 has invested millions of dollars in developing state of the art data centers with fiber connectivity and latest IT infrastructure to support complex IT projects such as eNLC.
Si3 currently services reputable organizations such as: Habib Bank, United Bank, Mobilink, Air Blue, Central Depository Company (CDC) amongst others.
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