Summit Bank and Nadra Technologies Limited held a signing ceremony for the project of e-Sahulat, Cash Management Services that Summit Bank has offered to Nadra. With the rapid growth in Information Technology and its extensive usage, Summit Bank has proposed a solution where they can promote their IT expertise and the transaction banking services.
The signing ceremony was inaugurated by Zahir Ismail (Chief Operating Officer) of Summit Bank Limited and Husnain Mehdi (Chief Operating Officer) of Nadra Technologies Limited which further led by Aamir Ali Khan (Deputy General Manager) of Nadra Technologies Limited and Farhan Faruqi (Head of Financial Institution Division and Cash Management) of Summit Bank Limited.
Ceremony was also attended by Haroon Javed (Team Leader in SME and Commercial Banking Division) from Summit Bank, Shahzad Kamal (Manager Finance) from Nadra HQ's, Umair Javaid (Manager VAS) from Nadra Technologies Limited. Summit Bank has designed a Cash Management Solution for NTL not only in terms of expeditious collection but also to provide NTL with the real-time MIS directed into their Bank-end system.
The NTL is operating e-Sahulat through 5,500 franchise outlets for utility bill payment on a prepaid model operating in different regions of Pakistan. After the successful merger of Atlas Bank, Summit Bank has also acquired majority shareholding of MyBank, as a result of which, the branch network shall expand from 80 branches to 160 branches located across Pakistan, in all four province including Azad Jammu and Kashmir. This allows NTL's depositors to pay bills at any Summit Bank branch as per their convenience.
Summit Bank has designed a structured solution to provide a Management Information System with state of the art technology, gives it an edge over its competitors. Summit Bank looks forward to providing a satisfying banking experience to all its valued customers.-PR
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