Winner: TPS Pakistan
CEO: Mohammad Sohail
Name of Application or Product: Iris
Website: tpsonline.com
Email: sohail@tpsonline.com
A switch allows the banks to offer its services on electronic delivery channels, which is essential for banks to survive and grow in today’s ferociously fast paced world. With TPS Pakistan’s IRIS as the enterprise switch, that gives the driving of ATMs/PO, integrates the delivery channels as well as provides back-office functions like Dispute Resolution, Monitoring and Settlement/Reconciliation. This consolidated approach of a switch is unique and it significantly improves the operational efficiency of the banks, gives 360 degree view of its customers and provides strong MIS important for decision making and knowing the trends. IRIS supports industry standard interfaces and protocols (ISO8583, XML, Web Services, ODBC, OCCI, etc.) to integrate to external systems and networks.
IRIS has evolved from Phoenix which has an install base of 55 institutions across 15 countries. A migration plan is currently being developed to migrate banks running on Phoenix to IRIS. Phoenix is driving the alternate distribution program of 22 banks, including 1Link, and is responsible for processing of over 80% of all transactions initiated by alternate delivery channels. Even before the formal launch of IRIS, it has been implemented in Atlas Bank and DIBL in Pakistan as well as in CBK in Kuwait.
