December 01, 2022
Karachi, 1st December 2022: ASA Microfinance Bank (Pakistan) Ltd, a wholly owned subsidiary of ASA International Group plc, one of the world’s largest global microfinance institutions providing micro loans to emerging entrepreneurs across Asia and Africa, has partnered with Systems Limited to implement Temenos next-generation Core Banking system. Systems Limited, a strategic partner of Temenos, will deliver end-to-end core banking implementation and support services to ASA MFB.
This collaboration will enable ASA MFB to advance its mission of fostering financial inclusion in the economy, offering enhanced services to the unbanked segment, with a special focus on empowering female-owned enterprises. Temenos’ microservices packaged and functionally rich solution, which is tailored specifically for the needs of inclusive banking, along with Systems Limited deep expertise on Temenos platform and in-depth knowledge of latest methodologies, will allow the Bank to realize its digital vision as well as improve customer satisfaction with innovative services.
Additionally, Systems Limited will deliver implementation and support services for the deployment of Infrastructure and Platform on Temenos Core. To support this scalable architecture, the Core banking system will be implemented on Red Hat OpenShift Container Platform, making the infrastructure components highly resilient.
The agreement has been signed by Mr. Asif Peer, Group CEO Systems Ltd and Mr. Saeed Uddin Khan, CEO, ASA MFB (Pakistan) Ltd. The ceremony was also attended by senior officials of both the institutions including Mr. Rob Keijsers, Group CIO, ASA International & Ms. Ammara Masood, GM Global Industries BFS.
Systems Limited's partnership with ASA Microfinance Bank for platform modernization is beyond mere technological collaboration. We believe that every bit of innovation and digital enablement will impact, directly or indirectly, the elevation of the underprivileged segment of society and will trigger improvement in grass root economy. We are not only proud to catalyze digital transformation, but also to play a pivotal role in advocating for easy credit access and other innovative financial services for the unbanked community
Group CEO, Systems Limited
We are pleased to partner with Systems Limited & Systems Ltd to implement Temenos state of the art Core banking system. This transformation will help us to serve more low-income female microfinance entrepreneurs throughout Pakistan, support our vision to enhance financial inclusion and improve the socio-economic conditions of the underprivileged, by providing them with financial access anywhere and at any time.
Co-Founder & Group-CEO, ASA-International