16 January 2008 - The UK-based Innovative Investment Bank has contracted Canopus Software Ltd. to supply and implement Macrobank banking software technology to replace the bank's legacy system.

Innovative Investment Bank (IIB) is the new name given to the Crescent Standard Investment Bank Limited (CSIBL) after the merger with the Innovative Housing Finance Limited, a subsidiary of the Innovative Global Business Group Limited (UK) in Pakistan. 

The bank's areas of operation would be financial services, wholesale distribution, retail activities, management and development of commercial as well as residential property.