Meezan Bank: More Efficient, Reliable, and Secure Temenos T24 Close of Business Processing with Automic® Workload Automation
The eighth largest bank in Pakistan and the country’s leading Islamic bank. It provides a comprehensive range of Islamic banking products and services. Meezan Bank has a network of more than 500 branches in over 100 cities across the country.
Close of business (COB) process is manual and laborious
Significant efforts required to train COB operators
Manual reporting for COB execution timing and error history
Centralized visibility and control of COB processing—dashboard
Integration with Temenos T24 banking application
Automated accounting processes, introducing error detection and alerting
Automated up to 100 daily processes
Lowered operational costs
Faster completion of COB workload by reducing latency and manual interventions
Live in one week
It enables the bank to quickly and easily create, execute, and monitor COB processing. Automation ensures the bank adheres to mandates associated with data compliance. It significantly reduces the opportunity for errors and delays. And it frees up time and resources to devote to tasks that yield greater business value.
Ali Imran Khan, Executive Vice President, Head of Branchless Banking & Digital Initiatives, Meezan Bank