Present

  • In-house developed loan system (AMBS)

Future

  • Packaged Core Banking System (‘CBS’)2
  • Digital Financial Services (‘DFS’) system
  • Supplier Market Place (‘SMP’) system
  • Branch

Present

  • Branch

Future

  • Banking app ('DFS')
  • SMP app

Present

  • Loans
  • Deposits1
  • Savings (borrowers)

Future

  • Accounts
  • Loans
  • Deposits
  • Savings (borrowers & public)
  • Payments
  • Supplier Market Place

Present

  • Manual and complex

Future

  • Digital and simplified

1 Currently predominantly security collateral. A deposit-taking licence is a prerequisite for offering (public) savings.
2 CBS prerequisite for offering DFS

Milestone Migration in Pakistan

Following the year’s conclusion, ASA Pakistan achieved a significant milestone by migrating over 600,000 clients from our previous loan management system to an of the shelf, market standard, core banking system.

This migration sets the stage for ASA Pakistan to commence deposit mobilization from clients and meet regulatory requirements. Additionally, it establishes a solid foundation for enhancing operational efficiency and driving growth. Moreover, it positions ASA Pakistan to expand its product offerings, paving the way for a more diverse and sophisticated range of services in the foreseeable future.

"I’m proud and grateful of this first major step in our transformation journey. This is a stepping stone to migrating all entities to our new technology landscape. With this journey we enable growth, broaden our product scope, adhere to all regulatory requirements in our regulated entities and offer a complete digital client journey to our clients."

Rob Keijsers, Chief Digital and Information Officer, ASA International

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