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HomeBankingAdvans Pakistan Microfinance Bank in core banking tech overhaul with AutoSoft Dynamics

Advans Pakistan Microfinance Bank in core banking tech overhaul with AutoSoft Dynamics

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  • New Core Banking System: Advans Pakistan Microfinance Bank has implemented the AutoBanker core banking system from AutoSoft Dynamics, covering branch banking, credit, compliance, and MIS.
  • Bank’s Services: The bank provides current accounts, savings, deposits, and loan products to individuals and businesses, serving 62,000 clients through 19 branches.
  • Ownership: Launched in 2012 by Advans Group, the bank’s Pakistan entity was recently sold to Egypt’s MNT-Halan, which has been expanding through fundraising and acquisitions.
  • AutoSoft Dynamics: The Lahore-based vendor provides core banking solutions and has clients including Finca Microfinance Bank and National Bank of Pakistan.
  • Acquisition of AutoSoft: In 2022, AutoSoft Dynamics was acquired by Contour Software, part of Constellation Software Inc (CSI), a global software provider listed on the Toronto Stock Exchange.

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