JS Bank selects Oracle

KARACHI (PR): JS Bank Limited, a subsidiary of one of Pakistan’s most diversified and progressive financial service groups, JS Group, has selected Oracle to help it consolidate its IT infrastructure, and to run its credit card, corporate banking, and core banking applications.

The new Oracle solution has enabled the bank to enhance its IT systems’ performance and support its rapid growth plans.

Oracle Exadata has helped the bank reduce administrative expenditures by 60 percent, by freeing up database administrator resources which were used to manage tasks related to storage management and backups. Furthermore, JS Bank has been able to reduced backup time by 70 percent.

Switching to Oracle Database from jBASE for its core banking application has improved online transaction processing (OLTP) while further reducing the bank’s close of business operations response time by nearly 30 percent.

“The scalability, extreme performance and reliability of the Oracle Exadata Database Machine has enabled us to consolidate onto a single footprint while boosting performance significantly,” said Imran Soomro, Chief Information Officer, JS Bank Limited. “Oracle Exadata has helped us significantly improve our OLTP, batch and close of business operations response time, and we have enough spare capacity on Oracle Exadata for our near-term transaction growth requirements.”

“By consolidating its IT infrastructure on Oracle Exadata and Oracle Database, JS Bank now has a solid platform from which to embark on its journey for sustained growth,” said Waqas Hashmi, Director Sales, Technology Business, Oracle Pakistan and Afghanistan. “The bank has already started to reap the benefits of Oracle Exadata, which are enabling it to be more competitive in the local financial industry.”

The bank is also taking advantage of the 24/7 Platinum Support from Oracle for remote fault monitoring and quarterly patching to keep the database machine software up to date.

HBFCL, Easy Paisa sign MoU

KARACHI (PR): Pakistan’s premier housing finance institution, House Building Finance Company Limited (HBFCL) has taken a new initiative of signing a Memorandum of Association (MOU) with Pakistan’s first and largest branchless banking service, a joint-venture between Tameer Microfinance Bank and Easy Paisa of Telenor Pakistan. The MoU was signed at a ceremony held at a local hotel.

The significance of this MoU is that, under this arrangement HBFCL and Easy Paisa have reached an understanding to use Easy Paisa Services Network to facilitate HBFCL customers for paying their installments timely. The MoU partners anticipate that a large number of target customers would prefer to avail this service in view of the unique facility it offers.

It is a group based model which provides that the borrowers obtaining loans from HBFCL would be able to repay their loan installments through Easy Paisa outlets or online. Along with the existing facility of repayment of loan installments through postdated cheques, this is an additional facility being offered to HBFCL customers.

At the MoU signing ceremony, HBFCL was represented by Pervez Said, (Managing Director/CEO), Tahir Siddiqui, (EVP Strategic Planning), Minhaj Qureshi, (EVP Legal). On behalf of Tameer Bank/Easy Paisa, Nadeem Hussain, (CEO Tameer Bank Ltd.), Rehan Ahmed Akhtar, (Director B2B and Post Paid), Ms. Shahbano Hameed, (National Manager, Corporate Solutions), Easy Paisa and others were present at the ceremony.

Mobilink’s relief activity

KARACHI (Staff Reporter): Mobilink Foundation took the initiative to assist the local government in providing relief to the victims of severe heat wave which scoured Karachi and its neighboring localities this past week. Mobilink’s heat wave relief activity came to a completion with the planned distribution of relief by its Mobilink Torchbearers team at Abbasi Shaheed Hospital - Karachi, Qatar Hospital - Karachi, Shah Bhitai Hospital - Hyderabad and Civil Hospital- Hyderabad.

Speaking after the completion of the activity, Farooq Niaz, Senior Manager Corporate Communications, PR and CSR – Mobilink stated, “Our Mobilink Torchbearers assisted more than 3300 people throughout Karachi and Hyderabad in the last week of June, most of them heat stroke victims without adequate medical facilities and supplies due to overcrowding in all hospitals.”

Explaining the Telco’s aim to support local communities in times of need, he added, “We, at Mobilink, consider ourselves to be a valued part of the local community and constantly strive to assist in its rehabilitation whenever need arises. In this regard, Mobilink Torchbearers will continue their volunteer work throughout the month of Ramadan as a means to support and positively impact the communities that we operate in.”