(PRWEB) January 31, 2008
Islamabad, January 29 2008 - SunGard (http://www.sungard.com) and United Bank Limited (UBL) (http://ubl.com.pk) today announced that UBL, one of Pakistan's largest private commercial banks, has chosen SunGard's System Access solution to help it centralize its core banking operations. System Access Core Banking will help UBL to realise greater operational efficiency, transform its customer services and branch operations, and enhance customer intimacy through the centralization of data from multiple customer interaction points. (http://www.sungard.com/systemaccess)
UBL has more than 1,060 branches in Pakistan, as well as international operations across the Middle East, Europe and the U.S. It also has plans to increase this network and grow its international business into new regions. The System Access Core Banking solution has shared common enterprise foundation modules, a centralised product factory and straight-through processing capabilities that will help UBL to centralise its business processing - making it uniform across all of these growing domestic, regional and international banking operations. This will help to increase operational efficiency and business intelligence.
UBL has also selected SunGard's System Access Customer Service Manager (CSM), a solution that will further help the bank by providing a complete and single view of each of its customers across applications and products. Tightly integrated with the core banking solution, CSM will help UBL to achieve its goal of becoming a customer centric banking organization. In addition, its service-oriented architecture and software development kit will enable UBL to extend CSM as the front-end for other host and product applications, providing access to their complete range of banking products through a single portal view.
CSM, through its Customer Relationship, Teller Services, Internet Banking and Origination applications, will also help UBL to increase its ability to cross- and up-sell, turn its tellers into additional points of sale and extend its Internet banking services and products.
Adnan Masood, project director for UBL, said: "After careful analysis, we decided that SunGard's System Access solution would provide us with the best technology and most complete functionality to help us achieve our goals."
Atif R. Bokhari, president and chief executive officer at UBL, commented: "The banking industry, both domestically and internationally, is becoming far more competitive. We therefore need to transform our business processes in order to stand shoulder to shoulder with the world's leading banks and take a leadership role in product innovation, market agility and customer service."
Leslie Loh, president of SunGard's System Access business unit, added: "We are pleased to be selected as a long-term trusted partner of UBL as it seeks to transform its business. This latest System Access success, our fourth in Pakistan, is a good indicator that SunGard's efforts to provide the right mix of continuous product innovation and local industry knowledge are working."
About United Bank Limited
United Bank Limited (UBL) is one of Pakistan's largest private banks with a global strategic outlook. It has 1,065 branches in Pakistan, 15 overseas branches, as well as subsidiaries and associated companies in 10 countries of the world. UBL has over 14,500 employees worldwide. With a wide-ranging and dynamic portfolio of globally competitive products and services and nearly half a century of a proven track record, UBL is considered to be one of the leading banks at the forefront of the banking sector.
About SunGard's System Access
SunGard's System Access provides universal banking solutions that help banks deliver a broad range of banking products and services for retail and wholesale banking. System Access provides solutions for back-office transaction processing, front-office multi-channel delivery, card management and payments. System Access solutions provide straight-through transaction processing centralized common services, work-flow driven business process and an enterprise-wide customer information repository.
With annual revenue exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and System Access and are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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