Introduction

There are normally two types of banking

• Conventioal banking
• Islamic Bankig
  
  

Our Principle/supplier:

• Company name – PIBAS
• Software name – PIBAS
• Country – Pakistan

PIBAS is a software company focused on developing end-user solutions for financial institutions. The banking solutions of PIBAS include core banking for both conventional and Islamic banking, loans and microfinance, treasury, trade finance, leasing, reconciliation, etc.
PIBAS has developed its product suite for conventional and Islamic banks aiming at empowering the financial industry at an affordable cost with increased operational efficiency and better customer service. Our current client base comprises of some leading commercial and retail banks in Pakistan, Oman, Qatar, Tanzania, South Africa and Bahamas.

General info:

• Running in Africa, Middle East and Pakistan (around 15 countries)
• Low cost software compare to other foreign software, close to Bangladeshi software cost.
• International software at a local price

PIBAS Core is a Total Solution that fulfils almost all the requirements of commercial, retail, Islamic, investment and microfinance banks, leasing financial institutions, and modarabas.
PIBAS CORE is a state-of-the-art system that provides banks/financial institutions a solution that is significantly low in cost but very high in quality and functionality. The solution is developed in such a way that it can be implemented very efficiently in a record little time to ensure that the institutions can immediately start realizing a better return on their investment.
PIBAS CORE offers advance technology and high availability on both centralized and distributed environments and is highly secure. The scalable, flexible and platform-independent database design are some of the features that PIBAS CORE offers to facilitate the banks/financial institutions in keeping up their businesses aligned with the demands of a robust and  volatile market.

Benefits:

• Low Total Cost of Ownership
• A comprehensive solution provided by a Single Vendor
• Fully integrated solution for medium to large enterprises
• Highly configurable
• Unlimited number of users
• Real time/online system
• Can interface with any third party system
• Fully compliant with International Accounting Standard (IAS) and Regulatory Requirements

The system is independent of RDBMS Engines and comprises of the following main modules:

• Parameters
• Security
• General Ledger
• Business / Customer Relationship
• Collateral Management
• Centralized Limits
• Signature/Photo Verification
• Audit & Control
• Bank Charges
• Management Information System
• Central Bank Returns
• Account Management
• Financial Transactions
• Deposit Management
• Cheque Management
• Holds & Liens
• Standing Orders/Instructions