Corporate News

Pakistans BankIslami goes live with EASY SOFTWARE

April, 2009. EASY SOFTWARE today announced that Pakistans BankIslami, one of the youngest banks in Pakistan, offering a comprehensive range of Shariah compliant commercial banking products and services has gone live with EASYs ECM solution EASY ENTERPRISE.x as well as its imaging solution EASY CAPTURE.

BankIslami was incorporated on October 18, 2004 in Pakistan. The Bank envisioned to focus primarily on Wealth Management as the core area of business in addition to Shariah compliant retail banking products, proprietary and third party products, and integrated financial planning services. The bank concentrated in building a nationwide network and by the end of 2008, its branch network grew to 102 branches in 49 cities of Pakistan. This gives BankIslami the distinction of having the fastest expanding network in Pakistans banking history as well as offering the widest network by any Islamic Bank in Pakistan, and they are still growing at that pace.

The business driver for the decision to implement a ECM solution of EASY SOFTWARE was to ensure complete protection for the bank’s documents as well of reducing the costs for storage and retrieval of documents.

Asad Alim, head of Information technology BankIslami Pakistan Limited is completely satisfied with the productivity gains in his organisation: “Our users can now have the ease of retrieving different documents on just one key punch”. His colleague, Ahmed Abbas, responsible for IT and Section head of IS Development & PMO adds “I found EASY Document Management Solution very easy to implement and manage”.

The solution was successfully implemented by EASY’s certified Partner Shirazi Trading Co. (Pvt.) Ltd., based in Karachi, Pakistan. The company was established in 1973 to undertake imports, exports, representations and franchises. The company is a part of Atlas Group dealing in engineering, financial services and trading. The group consists of 7 public limited companies.

Marcus Rex, Managing Director of EASY SOFTWARE (Asia Pacific) Pte. Ltd has commented: “We are very pleased to have reached this agreement with BankIslami. We are convinced this project has all the characteristics to become a great success in Pakistan. Winning this deal proves once again that our world-class software solutions are well suited to the unique dynamics and requirements of emerging markets and we are confident that this will contribute to EASY’s overall success in Pakistan. The collaboration with Shirazi Trading was the right move for us to target the top 500 customers in this country.”

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