IBS Journal January 2016


Habib Bank in digital overhaul of corporate banking software


Pakistan’s largest bank, Habib Bank (HBL), has gone live with a new digital banking platform for corporates, Misys’ FusionBank- ing Corporate Channels. HBL went live with the platform in


four months, says the vendor, bringing trade services, cash management and supply chain finance onto a single, digital solution. Fareed Hosain, CIO of HBL, says that


‘the clients’ shifting preferences to digital banking’ prompted the software renova- tion. The bank’s corporate customers are doing business internationally and need to access their data regardless of where they are in the world, he explains. ‘The ability to provide customers with a com- mon digital solution for trade finance and cash management will be a powerful sales tool to attract more business and deepen our existing client relationships.’ The new platform has given HBL ‘the


agility to introduce game-changing prod- ucts and solutions more rapidly’, Hosain states. ‘We applaud HBL for staying one step ahead of the competition in a corporate banking market,’ comments Simon Paris, Misys’ president and chief sales officer.


‘Strategic partnership’ Hosain describes the tie-up between the two companies as a ‘strategic partnership’. It provides HBL with a corporate banking


Habib Bank HQ, Karachi © Wajahata Ali, Wikipedia


infrastructure that is ‘integrated, automated and controlled from an efficiency and risk perspective’, he adds. The bank is a long-standing customer


of Misys, having originally replaced its dis- tributed core banking system, MOBS, with Misys’ core offering back in the late 1990s/ early 2000s. In 2011, HBL opted to upgrade from


Equation to the FusionBanking Equation version. It also uses Misys’ products for trade


finance (Trade Innovation), risk manage- ment (FusionRisk), messaging (Message Manager), payments (Payment Manager) and treasury and capital markets (Fusion- Capital Opics).


FusionBanking Corporate Channels The solution, originally dubbed Fusion- Banking Corporate Front Office, was unveiled at the Sibos conference in 2014. The platform has been a year in the


making and largely utilises the compo- nents of the solutions that are already in Misys’ vast product portfolio. There is the Trade Portal solution, which has existed under different guises in the Misys stable, and the loan origination solution from CCS, a US-based company acquired by Misys in 2014. The solution is back office agnostic


and Fusion Fabric Connect is used as the middle ware component.


Tanya Andreasyan


JHC unveils mobile wealth management platform


JHC Systems has launched a wealth management solution, called Neon, under- pinned by the vendor’s long-standing back office system, Figaro. The new platform, described by the


vendor as a mobile solution that will allow wealth managers to make decisions ‘on the move’, was developed on JHC’s application platform Element. The service will be given ‘regular enhance- ments’ to help clients meet regulatory


demands and improve overall satisfaction. As mentioned earlier, Neon is under-


pinned by JHC Systems’ back office pro- cessing software, Figaro, which also powers the Element platform. JHC, based in Birmingham, is a partner of IBM, meaning its core systems only run on IBM hardware using the DB2 database. The US giant also supplies technical, sales and marketing support to JHC. It suffered an ignominious write-off in


Picking a wealth management system? IBS launches IBS Chat


2014 when prospective client Brewin Dolphin cancelled a £32 million roll-out of Figaro. Brewin Dolphin, one of the largest private


client investment managers in the UK, released a statement describing ‘a number of issues with the functionality and robustness of the software’. Figaro is a well-established back office


solution for wealth managers in the UK, with around 60 users. These include Vestra Wealth and Arbuthnot Latham.


Alex Hamilton


IBS Intelligence has launched its IBS Chat Forum, a global platform to bring industry participants together on everything related to banking and financial services technology. Log on to www.ibsintelligence.com/ibschat and connect with peers across the globe now!


digital round-up


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