IBS Journal June 2015


Pakistan-based bank in search of new core banking system


is looking for a new core banking system


looking to replace its legacy development, which is quite basic and can no longer cope with Tameer’s requirements and vol- umes of business. It is understood that the bank is looking for an international core system that can bring global best practic- es. According to a source close to the pro- ject, the bank asked the vendors to pres- ent demos in May. The responses are expected to feature two main contestants, Temenos with its


-


cube. Bidding is done via their regional partners, NDC and Techlogix, respectively. Tameer is owned by mobile operator,


Telenor Pakistan, and currently has 153 points of presence. Together with its


and largest branchless banking service, Easypaisa, which has a network of 60,000 agents. In 2012, the bank implemented a new


treasury management system, Adams, from local vendor, Autosoft Dynamics. It is very likely that the vendor is bidding for the new project as well. Elsewhere in Pakistan, National Bank


of Pakistan is starting the implementation of Oracle FSS’s Financial Crime and Com- pliance Management (FCCM) and AML solution. Another Pakistan-based entity, MCB Bank, a long-standing user of Sungard’s


Ambit core banking system, has opted for -


dle East. Oracle FSS’s Flexcube has recently gone live at MCB Bank in Dubai, follow- ing a three-month deployment project. The bank’s Bahraini operation is next, with Flexcube being rolled out there by Oracle FSS’s aforementioned regional partner, Techlogix. There are plans to move fur-


Flexcube. At home, MCB went through a large-scale upgrade of Ambit a couple of years ago and invested in a host of Oracle solutions, including the vendor’s internet banking system, Flexcube Direct Banking. There are also plans to implement Flex- cube for MCB’s Islamic banking window in Q3 this year.


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