MCB Bank, a Pakistan-based financial institution, has deployed SunGard Ambit retail banking and Ambit Islamic banking solutions across its network of over 1,100 branches.
MCB Bank will use the combination of the two solutions as the core system to support its business. The Ambit Core Banking solution is an integrated retail banking platform that consolidates multiple applications and helps reduce IT overheads.
The Ambit Islamic banking solution helps MCB Bank to support a 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.
Atif Bajwa, president of MCB Bank, said: “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.”
Nicholas Brewer, vice president of Ambit retail banking business unit at SunGard, said: “SunGard’s Ambit retail banking and Islamic banking solutions offer banks such as MCB Bank a combination of appropriate banking functionality coupled with scalability and efficiency.”