Pakistan-based digital microfinance institution, Mobilink Bank, has entered into a partnership with AutoSoft Dynamics, a provider of core banking and financial application solutions, to automate the bank’s treasury operations.
The partnership involves integrating Mobilink Bank’s systems with the State Bank of Pakistan’s (SBP) PRISM solution using AutoSoft’s Real-Time Gross Settlement (RTGS) system. This integration facilitates secure and instantaneous fund transfers, aligning with the bank’s commitment to providing premium financial services.
Mobilink Bank, part of the VEON group, serves nearly 160 million customers across six markets globally. The partnership was formalised in Islamabad, with Adil Ali Abbasi, Chief Financial Officer of Mobilink Bank, and Bilal Mahmood, Managing Director of Contour Software and CEO of AutoSoft Dynamics, signing the agreement. Representatives from both organisations attended the signing ceremony.
Contour Software MD and AutoSoft Dynamics CEO Bilal Mahmood said: “We are delighted to welcome Mobilink Bank as our new client. With the support of 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 to meet both their current and future needs.”
The partnership is expected to streamline Mobilink Bank’s financial operations, reduce manual tasks, and minimise human error. Enhanced visibility and meticulous tracking will enable the bank to manage its investments more effectively.
The comprehensive Management Information System (MIS) reporting will provide insightful data for informed decision-making. The RTGS management system will ensure seamless and efficient funds transfer, solidifying Mobilink Bank’s position as a leader in digital and financial services.
Mobilink Bank chief information officer Faisal Mahmood said: “We at Mobilink Bank are continuously working on improving our customer’s experience. Partnering with industry leaders like AutoSoft Dynamics allows us to utilise cutting-edge technology and create a more agile and efficient banking system.
“This partnership will enable us to streamline internal processes, strengthen our operational security, and ultimately, deliver premium services to our valued customers. By prioritising innovation, we ensure Mobilink Bank remains at the forefront of the financial landscape, consistently exceeding expectations and providing tailored financial solutions.”
