Mobilink Bank Upgrades Treasury Operations with AutoSoft Dynamics for Enhanced Efficiency
Islamabad – July 25, 2024: Mobilink Bank, Pakistan’s leading digital microfinance institution, has announced a strategic partnership with AutoSoft Dynamics, a renowned global provider of core banking and financial application solutions. This collaboration has set to revolutionize the bank’s treasury operations through the automation of its processes. AutoSoft Dynamics will enable Mobilink Bank to integrate seamlessly with the State Bank of Pakistan’s (SBP) PRISM solution via its Real-Time Gross Settlement (RTGS) system, facilitating secure and instantaneous fund transfers and reinforcing the bank’s commitment to excellence in financial services.
As part of the VEON group—a global digital operator serving nearly 160 million customers across six vibrant markets—Mobilink Bank is at the forefront of innovative digital solutions.
The partnership has officially formalized in Islamabad, where Adil Ali Abbasi, Chief Financial Officer of Mobilink Bank, and Bilal Mahmood, Managing Director of Contour Software & CEO of AutoSoft Dynamics, signed the agreement. The ceremony has attended by key representatives from both organizations.
Faisal Mahmood, Chief Information Officer of Mobilink Bank, remarked, “At Mobilink Bank, we dedicated to enhancing our customers’ experience. Partnering with industry leaders like AutoSoft Dynamics enables us to leverage cutting-edge technology and create a more agile and efficient banking system. This collaboration will streamline our internal processes, bolster our operational security, and ensure we continue to deliver top-tier services to our customers. By focusing on innovation, we ensure that Mobilink Bank remains a trailblazer in the financial sector, exceeding expectations and offering bespoke financial solutions.”
Bilal Mahmood, Managing Director of Contour Software & CEO of AutoSoft Dynamics, added, “We thrilled to welcome Mobilink Bank as our latest client. With our experienced team and the robust solutions provided by our parent company, Constellation Software Inc., we are eager to deliver a powerful implementation that will address both the current and future needs of the bank.”
Shahzad Rafique, COO of AutoSoft, noted, “This marks our 18th strategic partnership for the ADAMS Treasury Automation System in Pakistan, with our system currently processing 20% of the country’s Money Market transactions. We are excited to support Mobilink Bank in achieving its objectives and further enhancing its operational efficiency.”
Through this partnership, Mobilink Bank has set to streamline its financial operations, reducing the burden of manual tasks and minimizing human error. Enhanced visibility and meticulous tracking will facilitate effective investment management, while comprehensive MIS reporting will provide valuable insights for decision-making. The integration of RTGS management will ensure efficient and seamless fund transfers. By embedding this advanced solution into its core banking system, Mobilink Bank solidifies its position as an industry leader, paving the way for unparalleled digital and financial services.
