AUTOSOFT CLIENT WIN | THE BANK OF KHYBER

The Bank of Khyber selects AutoSoft Dynamics' Treasury Solution for both its conventional and Islamic trading desks along with AutoRTGS

AutoSoft Dynamics (Pvt.) Limited (AutoSoft), a global provider of Islamic and conventional banking solutions is pleased to announce that The Bank of Khyber (BOK) has selected its ADAMS – Treasury Automation System for both the banks conventional and Islamic treasuries. In addition to this, BOK has also chosen AutoRTGS, a real time gross settlement solution for processing of large value fund transfers between banks.

The ADAMS (Automatic Deal, Money Market and Securities Trading System) solution is the best way to maximize productivity of your treasury’s trading desk as well as back office operations. The system provides users with wide-ranging features including real time exposure monitoring, support for inter-branch and foreign exchange transactions, derivatives, securities, equity and shares trading as well as all money market operations. Whereas, ADAMS Islamic system is a Shariah compliant Islamic treasury management system which will support BOK’s Islamic treasury division. It provides the bank with a state of the art, multi-portfolio, multi-dealing room environment supported by robust risk management, back office management, statutory and management reporting features.

AutoRTGS has been designed in line with State Bank of Pakistan’s requirement for all banks to enable straight through processing of RTGS transactions. AutoRTGS provides a complete network that helps the financial institution to easily send and receive information and messages about financial transactions in a standardized, secure and in a reliable environment. Transactions are processed and linked with the Central Bank RTGS system, which minimizes the time and systemic risks due to any manual issues.

Mr. Masood Wahedna (Head of Treasury, The Bank of Khyber) commented, “We reviewed several solutions offered by different vendors but were convinced by the value addition and reliability offered by ADAMS. AutoSoft has an excellent reputation in Pakistan’s as well as in international market as a banking software provider, and we are confident that ADAMS both versions will provide a strong platform to grow and serve our customers more efficiently.”

Ms. Sadia Khan (CEO, AutoSoft) commented, “After the successful deployment of our Human Capital Management system at the bank, AutoSoft Dynamics is proud to be partnering once again with The Bank of Khyber for automation of its Treasury divisions. We look forward to expediently implementing our state of the art systems to allow the Bank to leverage technology to enhance the operational efficiency of its trading desks”