MCB Bank Limited, one of the leading financial institutions in Pakistan, has deployed SunGards Ambit Retail Banking and Ambit Islamic Banking solutions across its network of over 1,100 branches.
MCB Bank uses the combination of the two solutions as the core system to support its business. The Ambit Core Banking solution is an end-to-end, integrated retail banking platform that consolidates multiple applications and helps reduce IT overheads. The Ambit Islamic Banking solution helps MCB Bank support a wide range of Islamic banking contracts on a scalable, client-centric banking platform. These solutions will help the bank strengthen client relationships while increasing operational efficiency.
MCB is committed to its strategy of becoming the leading transactional bank in Pakistan, says Atif Bajwa, president of MCB Bank. The deployment of SunGards Ambit is a major milestone in that direction. Now our customers can access their accounts from any branch among our extensive network, increasing their transactional convenience and accessibility. The deployment also equips us with tools to manage our business in an even more efficient, effective and controlled way. We appreciate the role of SunGard and its team during the roll out and look forward to their ongoing support.
The banking industry faces fierce competition. Banks must be able to offer need-based solutions faster than their peers, says Nicholas Brewer, vice president of SunGards Ambit retail banking business unit. They must also be able to offer their clients a competitive range of banking products and alternatives across conventional and Islamic banking. SunGards Ambit Retail Banking and Islamic Banking solutions offer banks such as MCB Bank a combination of appropriate banking functionality coupled with scalability and efficiency.
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