Mobilink Microfinance Bank Limited (MMBL) is partnering with the Swiss Capacity Building Facility (SCBF), a Switzerland-based innovative public-private platform, and the Arab Gulf Programme for Development (AGFUND), a Saudi Arabia-based development organization, to enhance its capacity to offer innovative and “fast-tracked” banking solutions to the unbanked and underbanked in Pakistan. SCBF has funded over 188 […]

Tradeling, the MENA’s dominant e-marketplace that focuses on business-to-business (B2B) transactions, has announced today a partnership with Wio Bank, the region’s first platform bank, for its tailored business banking solution Wio Business. The unique partnership aims to bridge the banking gap and offers innovative banking solutions to merchants, enabling microbusinesses and Small and Medium Enterprises […]

Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, is pleased to announce it has achieved high rankings across multiple categories in the IBS Intelligence (IBSi) Sales League Table (SLT) 2022, which identified prominent banking solutions that made their mark in 2021.  Azentio has secured the top position at IBSi SLT Industry Leader Special […]

Bank Alfalah and The City School (TCS) have collaborated to offer a first-of-its-kind solution for digital financing of laptops, electronic devices, and school fees to The City School staff and parents of the students through the Bank’s digital payment and credit rails.  A Memorandum of Understanding was signed to reaffirm this partnership.  The solution makes […]

Mobilink Microfinance Bank Ltd. (MMBL) and the Lahore Chamber of Commerce and Industry (LCCI) have signed a Memorandum of Understanding (MoU) for the provision of a wide array of banking products including digital banking solutions for the financing needs of LCCI member companies, particularly those belonging to the SME sector. The MoU was signed by […]

Nexus has pioneered a new payments solution in partnership with WePay, the integrated payments business of JPMorgan Chase & Co., to allow SMBs to accept payment through a virtual card to simplify their payment process and improve working capital. NexusDirect, the new payments solution, is powered by Chase which allows sole proprietors and small business suppliers […]

The Board of Directors of Bank Alfalah Limited in its meeting held on October 21, 2020, approved the Bank’s unaudited condensed interim financial statements for the period ended September 30, 2020. The Bank’s operating profit at Rs. 20.614 billion showed a growth of 11.4% compared to the corresponding period of 2019 despite lockdown in the […]

Earlier this week, RapidCompute, Pakistan’s largest local cloud service provider, announced the formal launch of its Cloud Services designed especially for the banking sector and financial institutions. The company has established dedicated data centers for banking operations with the highest level of security and compliance checks, keeping in mind all legal and policy requirements by […]

The new project will be deployed on Oracle Cloud Infrastructure for high-performance computing power to run the bank’s IT workloads while providing real-time elasticity. Amana Bank, a leading Islamic bank in Somalia announced that it has selected iMAL, the AAOIFI-certified core banking platform from Path Solutions to replace its legacy IT system and deploy a single, cloud-based […]

JS Bank, one of the fastest-growing financial institutions in Pakistan, recorded another milestone with its deposit base reaching the Rs 400 billion (approx. USD 2.3 Billion) mark. Acknowledged as one of Pakistan’s largest SME banks and mortgage providers offering diverse individual and institutional banking solutions. JS Bank has been recognized by the State Bank of […]