Saturday, April 12, 2025
20.6 C
London
HomeBankingAdvans Pakistan Microfinance Bank in core banking tech overhaul with AutoSoft Dynamics

Advans Pakistan Microfinance Bank in core banking tech overhaul with AutoSoft Dynamics

Date:

Nikhil Rathi Reappointed as FCA CEO: Key Insights and Implications

Understanding the Vision and Future of the Financial Conduct...

Bitcoin Now Accepted for Day and Boarding School Fees at Lomond

The Future of Tuition Payments: Embracing Cryptocurrency in Education.Highlights:...

Nikhil Rathi Reappointed as FCA Chief Executive: What This Means for the Financial Sector

Exploring the Implications of Rathi's Leadership on Regulatory Changes...
  • New Core Banking System: Advans Pakistan Microfinance Bank has implemented the AutoBanker core banking system from AutoSoft Dynamics, covering branch banking, credit, compliance, and MIS.
  • Bank’s Services: The bank provides current accounts, savings, deposits, and loan products to individuals and businesses, serving 62,000 clients through 19 branches.
  • Ownership: Launched in 2012 by Advans Group, the bank’s Pakistan entity was recently sold to Egypt’s MNT-Halan, which has been expanding through fundraising and acquisitions.
  • AutoSoft Dynamics: The Lahore-based vendor provides core banking solutions and has clients including Finca Microfinance Bank and National Bank of Pakistan.
  • Acquisition of AutoSoft: In 2022, AutoSoft Dynamics was acquired by Contour Software, part of Constellation Software Inc (CSI), a global software provider listed on the Toronto Stock Exchange.

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories