Cash management: Summit Bank designs system for NADRA

Summit Bank makes cash management system for NADRA Technologies Limited.

KARACHI: Summit Bank and NADRA Technologies Limited (NTL) held a signing ceremony for the project of e-sahulat, cash management services, that Summit Bank had offered to NTL, according to a statement issued by the bank.

Summit Bank had designed a cash management solution for NTL, not only to provide speedy collection, but to provide NTL with a real-time management information system (MIS) directed into their back-end system. With the rapid growth in information technology and its extensive usage, Summit Bank had proposed a solution whereby it can promote its IT expertise and transaction banking services.

After the successful merger of Atlas Bank, Summit Bank had also acquired majority shareholding of MyBank, as a result of which, the branch network will grow from 80 to 160 branches across Pakistan – in all four provinces.

Published in The Express Tribune, May 26^th, 2011.