BMB announced that in continuation to its drive to successfully transform its business reach to a larger network of clients and corporates, has mandated Advanced Financial Solutions for the implementation of Wolters Kluwer’s OneSumX solution. BMB will use the solution for core banking, accounting, and compliance.

Gaurav Baid, Chief Financial Officer, BMB, commented on the strategic role of technology in this transformation program, “In our drive to enhance client reach with ease of operation to the anticipated volume, the Bank under the stewardship of the new strategic stakeholders has embarked on an encompassing exercise to transform its core banking and reporting system.  The enhanced Wolters Kluwer OneSumX solution system will facilitate ease of regulatory compliance and reporting to all constituents of our business.”  The Bank will thus serve with a core group of functionaries aided with enhanced technology that will boost its growth.

Juan Jarjour, Managing Director of Advanced Financial Solutions, said, “We are delighted to partner with BMB on an integrated general ledger, financial & compliance reporting system transformation. The OneSumX platform selected by BMB is a powerful solution geared to handle BMB requirements for automation and is a solid platform to support the Bank’s growth.”