Lahore, November
14, 2011: AutoSoft
Dynamics, an industry leader in bank automation IT solutions, has signed an
agreement with Sindh Bank Ltd. to provide its robust AutoBANKER software to
automate their core banking operations in over 150 branches, of which almost 50
are already in operation to date. The popular banking solution was chosen over
products presented by 6 other local and international software vendors.
The
AutoBANKER software package has fast become the go-to banking solution for the
Pakistani financial services industry. Its modular architecture and real-time
online processing functionalities have
allowed banks and other institutions to
streamline their core banking services as well as automate more complex banking
operations, including trade finance operations and treasury automation. The
complete end to end product suite also contains additional modules that
automate administrative tasks such as human capital and fixed asset management.
Mr.
Lutfullah Khan, Chairman & CEO AutoSoft Dynamics commented, “At AutoSoft we
have accumulated over two decades of experience while working with domestic and
international financial institutions. During this time we have developed a strong
reputation by meeting tight deadlines and exceeding user expectations with our
banking solutions. We have no doubt that AutoBANKER will enhance Sindh Bank’s
outreach while providing them the flexibility to rapidly establish new branches
in line with their aggressive growth plans.”
Mr.
Muhammad Bilal Sheikh, President & CEO, Sindh Bank Limited mentioned that
despite Sindh Bank being a new entrant in Pakistan’s financial services
industry, it has already made noticeable strides in the sector. With aggressive
plans for growth, he foresees the bank becoming a catalyst to augment trade and
industry in Pakistan, while empowering the people by providing easy access to
its banking facilities. With the aid of AutoBANKER Sindh Bank will be able to
fulfill its commitment to the people and play a significant role in their economic
development.
Commenting
on the tender evaluation process, Mr. Wahid Ahmed, an independent consultant
from KPMG, said that the entire tender process, from bidding to evaluation, was
carefully monitored to ensure transparency in proceedings and adherence to
Sindh Bank’s evaluation criteria. AutoSoft was selected on the basis of being
ranked high in both technical and financial evaluations.
- End –
ABOUT AUTOSOFT DYNAMICS PVT
LTD®
AutoSoft
Dynamics Pvt. Ltd has risen as a leader in the banking automation industry with
years of experience in engaging with leading global banks and financial
institutions. In addition to its conventional banking product suite, AutoSoft
was among the pioneering companies to successfully develop and deploy a fully
Shariah compliant Islamic Banking product suite called AutoIBANKER.
More information about AutoSoft Dynamics is available at www.autosoftdynamics.com
MEDIA
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Ijaz
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Humaid
Merchant
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AutoSoft Dynamics Pvt. Ltd.
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+92-42-35772117, +92-321-7777166
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aminijaz@autosoftdynamics.com
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