AB Bank Limited, the first private sector bank of Bangladesh, has gone live with Misys Equation 3.8.2 and Misys Trade Innovation.
The bank has seen sustained growth since forming and celebrated its silver jubilee in August 2007. It needed to remove some of the legacy systems and centralise on a single application to update the business processes at the bank.
“Because of the speed at which we have grown over the last two and a half decades, we have many separate functions and departments within the bank. This impedes the speed at which we can respond to our customers’ needs and bring new products and services to market. We now have a single centralised solution that will bring automation and structure to our business processes,” says Reazul Islam, CIO, AB Bank.
“Automation is playing a vital role in AB Bank’s future. All the bank’s branches have been brought under a single network, underpinned by the latest version of Misys Equation Branch Automation, and the trade finance function has been greatly enhanced with Misys Trade Innovation,” adds Dermot Briody, head of sales Asia, Misys Banking.