30 May 2017
Visit EBAday.com

Pakistan's First Women Bank moves ATM switch and card management in-house

10 March 2014  |  869 views  |  0 Source: First Women Bank

First Women Bank (Pakistan), having privilege of being first bank for women in the region, has successfully migrated its ATM switch and Card Management in-house, after staying into an outsourced setup for many years.

TPS worked closely with the bank and provided both the technology as well as the technical and business consultancy, to enable seamless migration with no customer impact.

First Women Bank after evaluating various financial models found hosting ADC operations in-house as the favorable alternative. Successful migration has not only improved its products and services but also lowered the recurring costs and proved to be more reliable. In-house setup improves control over operations and quality of service; reduces time to market new initiatives, removes the risk of sharing confidential information to an external entity and facilitates enhancements of products and services as per bank's roadmap.
 
The bank had earlier been connected to MNET shared switch network and had its card production and ATM acquiring outsourced. With the migration done, the bank is now connected to 1LINK, having its card production and ATM acquiring driven from Phoenix in-house and will now be able to launch various e-banking initiatives timely.
 
After the successful completion of initial project, which was a smooth transition from outsource to in-house model, the bank now aims to provide customers with latest e-banking services such as person to person funds transfer (both intra-bank and inter-bank), utility bills payment and access to 1Link POS network.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.wavestone-advisors.co.ukVisit www.capgemini.com/worldreportsvisit dh.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
15057 views comments | 54 tweets | 82 linkedin
R3 raises $107mR3 raises $107m
7987 views comments | 17 tweets | 16 linkedin
Digital payments to drive social justiceDigital payments to drive social justice
7924 views comments | 25 tweets | 12 linkedin
Bank of America preps data sharing serviceBank of America preps data sharing service
7836 views comments | 21 tweets | 19 linkedin
TransferWise launches multi-currency business bank accountsTransferWise launches multi-currency busin...
7819 views comments | 13 tweets | 22 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job