g
Head office: 360/2-Q, Commercial Zone, Defence Housing Authority, Lahore-54792, Pakistan Tel: +92 42 3589-8282-6 Email:
sadiakhan@autosoftdynamics.com,
sales@autosoftdynamics.com Other offices: Islamabad, Karachi Website:
www.autosoftdynamics.com Contact: Sadia Khan (director, operations) Founded: Established as Automotive Software Services in 1992. Became Autosoft Dynamics in 2000 Ownership: Privately owned, with local and foreign shareholders. Staff and shareholders account for around 15 per cent
Number of staff: 120+
outdated proprietary NCR technology. After the collapse of BCCI, he set up a company, Automotive Software Services, to work on a new PC-based retail system which eventually emerged as Autobanker. Initial licences for the fledgling system were signed with Union Bank of Zambia and Yemen Commercial Bank. The system continued to attract new customers as it accrued broader functionality. In 1994, Lahore-based Prime Commercial Bank (now part of RBS), which had been looking for a stable platform to carry its retail operations, absorbed Automotive Software Services. Khan and his staff effectively became the systems division of the bank, while continuing to provide services to other clients. Khan left the bank six years later, citing that he wanted more scope to develop the system and the freedom to market it more widely, and established Autosoft Dynamics at this time. The suite consisted of Autobanker as the retail banking core,
surrounded by a host of modules covering a range of optional functionality: AutoTrade for trade finance; Adams, a treasury back office system covering FX, MM and securities; AutoRemit, for automating all remittance activities, including pay order and demand draft issuance, logging, inventory controlling, blocking, deblocking and tracking; AutoMIS, which generates head office, central bank and other statutory reports, as well as internal and external customised
reports; AutoTest for generating and manipulating testkeys; Autolock for locker management; Autosign for signature verification; and AutoHRM for human resource management. Added in 1996 was AutoAssets, a fixed asset/inventory management system, as well as a telephone banking solution. AutoWeb for online banking was added in 1999, and AutoMobile, a WAP-enabled mobile banking interface, was added in 2000. In 2003, a consumer/commercial lending system, Autocredit, was launched and work began on a lease management system, dubbed AutoLease. More recently, the company has launched AutoMWallet, marketed as Branchless Banking Solution, offering banking services and a complete branchless banking ecosystem which can be integrated with their core banking product. The company has partnered with SAP for this mobility solution. Autosoft has also ventured into payments processing systems with its AutoRTGS software solution. AutoRTGS is a real-time Straight through processing application
for processing of large value
interbank remittance transactions. The system can be integrated with Central Bank RTGS system as well as with any banking system to easily link the STP utility for processing of remittances and large value funds transfers between banks. As with the new Autobanker, the original Islamic version of the
Islamic Report
www.ibsintelligence.com 73
company details
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