Mobilink Bank, Pakistan’s leading digital microfinance bank, has partnered with AutoSoft Dynamics, a global leader in core banking and financial solutions. This strategic collaboration aims to automate Mobilink Bank’s treasury operations, ensuring seamless integration with the State Bank of Pakistan’s (SBP) PRISM solution through AutoSoft’s Real-Time Gross Settlement (RTGS) system. The integration promises secure and instant fund transfers, reinforcing the bank’s commitment to providing top-notch financial services.
Mobilink Bank operates under the VEON group, a global digital operator serving nearly 160 million customers across six dynamic markets. These markets represent about 7% of the world’s population, highlighting the group’s vast reach and influence.
The partnership was formalized in Islamabad by Adil Ali Abbasi, Chief Financial Officer of Mobilink Bank, and Bilal Mahmood, M.D. of Contour Software & CEO of AutoSoft Dynamics. Representatives from both organizations attended the signing ceremony.
Faisal Mahmood, Chief Information Officer of Mobilink Bank, shared his enthusiasm at the event, stating, “Mobilink Bank is dedicated to enhancing our customer’s experience. Partnering with AutoSoft Dynamics allows us to leverage cutting-edge technology, creating a more agile and efficient banking system. This partnership streamlines our processes, strengthens operational security, and ultimately, delivers premium services to our valued customers. By prioritizing innovation, we ensure Mobilink Bank remains at the forefront of the financial landscape, consistently exceeding expectations and providing tailored financial solutions.”
Bilal Mahmood, CEO of AutoSoft Dynamics, expressed his excitement, “We are thrilled to welcome Mobilink Bank as our new client. With our experienced team, top-tier solutions, and the best practices of our parent company, Constellation Software Inc., we look forward to delivering a robust implementation for the bank, meeting both their current and future needs.”
Shahzad Rafique, COO of AutoSoft, added, “This marks our 18th strategic partnership for our Treasury Automation System (ADAMS) in Pakistan. With 20% of the country’s Money Market transactions processed by ADAMS, we are eager to help Mobilink Bank achieve its goals.”
Through this partnership, Mobilink Bank aims to streamline financial operations, reduce manual tasks, and minimize human error. Enhanced visibility and meticulous tracking will allow the bank to manage investments more effectively. Comprehensive MIS reporting will provide management with insightful data for informed decision-making. RTGS management will ensure efficient fund transfers. By integrating this system into its core banking operations, Mobilink Bank solidifies its role as an industry leader, paving the way for unparalleled digital and financial services.
