Bank’s Islamic banking, he said, the system met the needs of end- users and it had a user-friendly architecture. It was running at what was now an 89 branch banks on Unix and SQL Server. As a centralised system with no need for branch servers, it removed issues related to Al Baraka’s old decentralised system, had a ‘powerful’ archiving solution and MIS portal and was ‘very cost-effective’ in comparison to other systems. Last but not least, Tansir described the vendor’s support as ‘exceptional’. In February 2013, the vendor bagged its fourth Autobanker II taker in South Sudan, People’s Bank. The system was scheduled to launch at the bank’s head office and one branch in early May the same year. At the bank, Autobanker II covers basic retail banking operations, savings, deposits, and foreign exchange transactions. The start-up also signed for Autosoft’s Human Capital Management platform, to automate all activities performed by the HR department. There were also plans to expand the module range after go-live. This was one of the two new-name deals the vendor had in 2013. The other one was also in South Sudan, with Royal Express Bank, and was signed in July that year. However, as with the other South Sudanese banks, these are not Shari’ah. In February 2016, Autosoft successfully completed the integration testing between its core banking platform with NADRA’s biometric system at Al Baraka Pakistan Limited. Autosoft’s core banking platform is equipped with an in-built Biometric Verification System. This was pursuant to a directive issued by the State Bank of Pakistan requiring all customer accounts to be biometrically verified. In March 2016, AutoSoft and FINCA Microfinance Bank Limited signed a landmark agreement to implement AutoSoft’s AutoMWALLET Branchless Banking Solution at the bank. In May 2016, Autosoft was chosen by the Bank of Punjab (BOP)
Recent Upgrades
AutoSoft has recently upgraded AutoBANKER II and its Islamic Banking System, AutoIBANKER to a Web based version named AutoBANKER (Premium). The upgraded system’s branch facing front-end is developed using .Net MVC 3.0 HTML5 with IIS as a webserver whereas to facilitate centralized administration and configuration, the system has a thick client interface developed using SAP PowerBuilder providing a graphical interface to help the system administrators and back office to do all the system configurations. The AutoBANKER Premium version of the product is successfully implemented in Eden Commercial Bank, South Sudan, Sindh Bank Limited
Pakistan and Apna Microfinance Bank Pakistan. Similarly, AutoSoft has recently ported the AutoIBANKER – Islamic Banking Solution on the .Net platform. The solution is under implementation at Al Baraka Islamic Bank Pakistan Limited and go-live is targeted for the end of Q2 2017. Autosoft is understood to be working on a newer core banking solution codenamed “Project Fortune” which is said to be a browser based
and cloud compliant banking system covering retail, consumer, corporate and treasury. For this system, Autosoft be upgrading its existing technology stack as it transitions from windows based setup to Java and J2EE framework. The solution will be inline with Bank 2.0 architecture which is expected to be SOA / platform agnostic with configurable business processes. The solution is moving to create an Omni channel to deliver the same customer experience at all touch points. The solution is expected to be completed by the end of 2017 with go-to-market planned for Q2 of 2018.
76 Islamic Report
www.ibsintelligence.com
for its RTGS STP Utility and ADAMS Islamic Treasury Management System as an enhancement to the ADAMS Conventional Treasury Automation System already running at BOP. The deal is to expected to help the processing of Islamic Treasury Operations as well as to handle large value fund transfers between the banks in Pakistan.
In July 2016, AutoSoft announced that Askari Bank and Sindh Bank had selected AutoSoft’s RTGS STP Utility to handle large value inter-bank fund transfers. In September 2016, AutoSoft Dyanmics was chosen by Al Baraka Bank for its RTGS STP Utility to handle large value fund transfers between banks in Pakistan as regulated by the State Bank of Pakistan. In February 2017, Autosoft Dynamics had a couple of wins in Pakistan. Two banks, Bank of Khyber (BOK) and Askari Bank chose to implement its Islamic treasury management system, ADAMS Islamic, and RTGS STP utility. In May 2017, Autosoft Dynamics won the deal to implement its’ Islamic core banking system AutoIBANKER at all branches of the Burj Bank in Pakistan. Burj Bank was recently acquired by Al Baraka bank in Pakistan and would be moving from Path Solutions iMAL system to AutoIBANKER banking solutions which is present at the Al Baraka bank. The solution is expected to the whole network of 224 branches and 208 ATMs across Pakistan. A big win in 2016 for Autosoft was National Bank of Pakistan when its’ ADAMS Islamic, the Islamic Treasury Automation System was selected for the automation of the banks’ Islamic Treasury. The bank extended the deal to include its’ Afghanistan operations for AutoBANKER Core Banking suite. National Bank of Pakistan had a competitive bidding process before it went with AutoSoft. This deal gave the supplier its’ first win in the country.
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