Md Lutfar Rahman, Chairman, Executive Committee and Director of IFIC Bank, and Frank Brienz, President and Chief Sales Officer of Misys BankFusion, are seen at an agreement signing ceremony at Misys headquarters in London recently.

IFIC Bank, one of the fastest growing banks of the country, has selected Misys BankFusion as its core banking platform, to help the bank respond rapidly to changes in the market and to accelerate the bank’s already impressive recent growth.

An agreement to this effect was signed at Misys headquarters in London recently.

Md Lutfar Rahman, Chairman, Executive Committee and Director of the Board, and Md Shah Alam Sarwar, Managing Director and CEO of IFIC, Frank Brienz, President and Chief Sales Officer and Ms. Erin Smith, VP of Banking at Misys were present on the occasion, said a press release.

IFIC registered a growth of 26 percent in deposits in 2012 to Taka 92,433 million. The bank has 108 branches at home and abroad and its regional presence is rapidly increasing to add more branches like those in Pakistan and Nepal.

IFIC Bank has selected Misys BankFusion as its future technology platform for core banking system and BankFusion Teller to accelerate the bank’s network expansion and profitability. With BankFusion, the bank will be able to de-risk its business operations and further grow its corporate and retail banking operations.

Md Shah Alam Sarwar, MD and CEO of IFIC said, “IFIC’s growth strategy is based on the foundation of ensuring an excellent customer experience by providing quality and timely services.”

“The state-of-the-art technology in Misys BankFusion will allow us to launch new innovative products and services quickly and effectively to the market, keeping us at the forefront of retail banking”, he added.

“Misys BankFusion is the most technologically advanced and flexible core banking system available today and we are confident that it will support and accelerate IFIC’s growth.” IFIC Group recently acquired Nepal Bangladesh Bank, a Nepali commercial bank and plans to modernise its core banking infrastructure with Misys BankFusion. IFIC is among 70 banks who have adopted Misys BankFusion.

Erin Smith, VP of Banking at Misys said, “We are committed to providing cutting-edge solutions that deliver real business value to our customers. As financial markets are becoming more competitive, financial institutions need to ring new solutions to the market at a faster pace to outperform competitors. In selecting Misys BankFusion, IFIC is embracing technology to create a platform for future growth and improve the efficiency of its operations. We are delighted to be working with this visionary leader.”

An agreement to this effect was signed at Misys headquarters in London recently.

Md Lutfar Rahman, Chairman, Executive Committee and Director of the Board, and Md Shah Alam Sarwar, Managing Director and CEO of IFIC, Frank Brienz, President and Chief Sales Officer and Ms. Erin Smith, VP of Banking at Misys were present on the occasion, said a press release.

IFIC registered a growth of 26 percent in deposits in 2012 to Taka 92,433 million. The bank has 108 branches at home and abroad and its regional presence is rapidly increasing to add more branches like those in Pakistan and Nepal.

IFIC Bank has selected Misys BankFusion as its future technology platform for core banking system and BankFusion Teller to accelerate the bank’s network expansion and profitability. With BankFusion, the bank will be able to de-risk its business operations and further grow its corporate and retail banking operations.

Md Shah Alam Sarwar, MD and CEO of IFIC said, “IFIC’s growth strategy is based on the foundation of ensuring an excellent customer experience by providing quality and timely services.”

“The state-of-the-art technology in Misys BankFusion will allow us to launch new innovative products and services quickly and effectively to the market, keeping us at the forefront of retail banking”, he added.

“Misys BankFusion is the most technologically advanced and flexible core banking system available today and we are confident that it will support and accelerate IFIC’s growth.”

IFIC Group recently acquired Nepal Bangladesh Bank, a Nepali commercial bank and plans to modernise its core banking infrastructure with Misys BankFusion. IFIC is among 70 banks who have adopted Misys BankFusion.

Erin Smith, VP of Banking at Misys said, “We are committed to providing cutting-edge solutions that deliver real business value to our customers. As financial markets are becoming more competitive, financial

institutions need to ring new solutions to the market at a faster pace to outperform competitors. In selecting Misys BankFusion, IFIC is embracing technology to create a platform for future growth and improve the efficiency of its operations. We are delighted to be working with this visionary leader.”