Mobilink Bank Partners with AutoSoft Dynamics to Automate Treasury Operations
Mobilink Bank, Pakistan’s leading digital microfinance bank and a subsidiary of the global digital operator VEON Group, has announced a strategic partnership with AutoSoft Dynamics, a renowned provider of core banking and financial application solutions. This 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 partnership was formalized 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. The ceremony was attended by representatives from both organizations, highlighting the significance of this strategic collaboration.
Under this partnership, AutoSoft Dynamics will facilitate secure and instantaneous fund transfers for Mobilink Bank, aligning with the bank’s commitment to delivering premium financial services. The RTGS system integration will enhance the bank’s operational efficiency, streamline internal processes, and bolster operational security.
Faisal Mahmood, Chief Information Officer of Mobilink Bank, expressed his optimism about the partnership, stating, “At Mobilink Bank, we are continuously working on improving our customer’s experience. Partnering with industry leaders like AutoSoft Dynamics allows us to utilize 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 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, also shared his excitement about the collaboration, saying, “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.”
Shahzad Rafique, COO of AutoSoft, highlighted the significance of the partnership, noting, “This is the 18th strategic partnership for our Treasury Automation System (ADAMS) in Pakistan, with 20% of the country’s Money Market transactions being processed by our ADAMS Treasury System. We look forward to helping Mobilink Bank deliver its goals!”
Through this partnership, Mobilink Bank aims to alleviate the burden of manual tasks, minimize human error, and improve financial operations. The enhanced visibility and meticulous tracking will enable the bank to manage its investments more effectively, while comprehensive MIS reporting will provide management with insightful data for informed decision-making.
The integration of RTGS management will ensure seamless and efficient funds transfer, solidifying Mobilink Bank’s position as an industry leader in digital and financial services. This collaboration underscores the bank’s commitment to innovation and excellence, paving the way for unparalleled digital financial solutions in Pakistan.
