HBL and Katalyst Labs have signed a strategic partnership agreement for startup acceleration and enabling female leaders. This will further build and strengthen the entrepreneurial ecosystem of the country. HBL is shaping the future through a paradigm shift towards a ‘Technology company with a banking license’. The bank aims to form ecosystem partnerships and deliver […]

Mashreq Bank has appointed Vikas Thapar as its new Head of Business Banking and NEOBiz – the bank’s exclusive digital banking platform for SMEs. Vikas will manage the bank’s Business Banking segment and NEOBiz propositions, including defining go-to-market strategy and improving the overall delivery and experience for the business banking customers. As part of his responsibilities, […]

Western Union, a global leader in cross-border, cross-currency money movement and payments, is collaborating with Faysal Bank, one of Pakistan’s leading Islamic banks, to enhance its real-time bank account payout network in Pakistan. Receivers of international money transfers in Pakistan benefit from Western Union’s real-time account payout capabilities via a far-reaching bank network in Pakistan, […]

Moving forward in its digital transformation strategy, Kuwait Finance House (KFH), the world-leading Islamic financial institution, has signed an agreement with Aion Digital, a digital-first banking platform, to transform all functions of Retail and Corporate Banking services at the bank. Under this agreement, KFH will drive its expansion plans through the digitization of its Retail […]

With a three-year partnership agreement with MOSTLY AI, a pioneering solution provider in the field of synthetic data, Erste Group will accelerate innovation in digital banking through the use of data that is representative but not real, thereby avoiding the risk of compromising customers’ privacy and confidentiality.  Synthetic data generated by artificial intelligence offer banks and financial institutions […]

Garanti BBVA, BBVA’s Turkish unit, announced on Monday the launch of its new bank account aggregation service specifically for businesses, SMEs, and freelancers. According to Garanti, the services allow clients to view the amount debited and credited to their non-BBVA accounts. Garanti did explain that clients are required to enter the pertinent account details in Garanti […]

HBL Islamic Banking inaugurated a dedicated HBL Islamic Commercial Centre, Trade Hub, and Branch on I.I. Chundrigar Road, Karachi, the heart of the country’s financial hub. HBL is Pakistan’s largest commercial bank with over 1700 branches and an Islamic Banking arm that provides Shariah-compliant financial services from over 911 branches/windows nationwide. Liaqat Ali Khan, a […]

Bank of Khyber (“BoK”) which is a leading bank in Khyber Pakhtunkhwa, Pakistan, with 175 branches, successfully went live with Temenos Transact the next-generation core banking, Temenos Infinity digital banking platform, Financial Crime Mitigation, and Analytics. The implementation was carried out by Temenos’ Middle East implementation partner based in Pakistan, National Data Consultant (“NdcTech”).   […]

Allied Bank, which is one of the largest commercial banks in Pakistan, has announced the addition of WhatsApp to its customer communications channels in collaboration with the global cloud communications provider, Infobip. The move aims to strengthen the bank’s digital presence and offer its customers universal banking services that fit the expectations of the connected consumer […]

BankIslami, in line with its vision to enable and promote cash-less and digital payments, becomes the first Islamic bank to go live with NIFT ePay. National Institutional Facilitation Technologies (NIFT), one of the largest payment processors in Pakistan launched its services for enabling digital commerce payments (Mobile / Electronic Commerce Payments) through NIFT’s DFS platform […]