Overview
Standard Chartered Pakistan Limited (SCBPL) had acquired Union Bank in 2006 and went through the process of integrating the software systems of the two banks. After acquiring Union Bank in Pakistan, SCBPL had decided to move to a switch that could help it in the rapidly changing market dynamics of the country and keep it competitive in the cut throat competition among the banks.
Before the merger with Union Bank, SCB was using an older version of CR2’s Sparrow whereas Union was using Phoenix to drive their ebanking services. The bank had 3 options: To outsource the ATM switching functions to Euro Net where most of the countries in the group had been going. 2) If switch is to be in-house, upgrade Sparrow to its latest version. 3) To have Phoenix.
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