ISLAMABAD:The world’s largest global microfinance institutions, ASA Microfinance Bank partners on Wednesday signed an agreement with Systems Limited and NdcTech for enhanced technological collaboration and modernization.
The agreement has been signed by Asif Peer, Group CEO Systems Ltd and Saeed Uddin Khan, CEO, ASA MFB (Pakistan) Ltd, said a press release issued here.
It was also attended by senior officials from both institutions including Rob Keijsers, Group CIO, ASA International and Ammara Masood, CEO, NdcTech.
On this occasion, Asif Peer, Group CEO, Systems Limited said, “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,” he said.
He said that System Limited is 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.”
It is pertinent to mention that the NdcTech, a longstanding premier partner of Temenos and a wholly owned subsidiary of Systems Limited will deliver end-to-end core banking implementation and support services to ASA MFB.
With this partnership, ASA MFB will further its mission to promote financial inclusion within the economy by providing value added services to the unbanked strata, particularly female-owned enterprises.
To support this scalable architecture, the Core banking system will be deployed on Red Hat OpenShift Container Platform, making the infrastructure components highly resilient.