MIDBANK, a universal bank in Egypt providing retail, corporate, and investment banking services, has selected Temenos’ open banking platform to power its digital transformation. The bank will implement Temenos Transact as its core product and Temenos Infinity digital banking platform to replace its legacy systems and streamline its systems and processes as part of a […]

Pakistan’s leading fintech JazzCash, in collaboration with Mastercard, is strengthening the country’s digital payments ecosystem. JazzCash users will now be able to apply for a physical or virtual Mastercard Debit Card and make payments to merchants accepting Mastercard QR payments. The new Mastercard Debit Card will be available to all JazzCash users via a hassle-free […]

BankIslami, the country’s leading Islamic finance institution, continues to receive acknowledgments for its momentous performance, the latest being Pakistan’s coveted national accolade, ‘Brand of the Year 2021’. BankIslami was awarded in the Islamic Finance category. The Award was presented to President and CEO, BankIslami, Syed Amir Ali by the Honorable President of Pakistan, Arif Alvi. […]

Bank Alfalah, one of the country’s leading financial institutions, has expanded its integrated payments gateway to facilitate merchants who don’t have a website or application, with the introduction of a signature Pay by Link feature. The service allows retailers who conduct their business through social media channels like Facebook and Instagram to collect secure and […]

Pakistan’s largest Microfinance institution – Khushhali Microfinance Bank Limited (KMBL) has now signed an agreement with Adal Fintech – a Techlogix subsidiary focused on ‘Digital Lending’. The scope of this collaboration is to provide digital lending services for Small & Medium Enterprises (SMEs) all over the country. This new partnership will create great value by […]

The Board of Directors of Bank Alfalah Limited in its meeting held on August 25, 2021, approved the Bank’s unaudited condensed interim financial statements for the half-year ended June 30, 2021. The first half of 2021 has been a period of remarkable growth for the Bank. Profit after taxation increased by 24.2% and stood at […]

Khushhali Microfinance Bank Limited (KMBL), Pakistan’s leading microfinance institution recently pioneered another innovative product – ‘Apna Makaan’ – an affordable home-loan that provides low-income households with an opportunity to own formal housing and improve their quality of life. This is a unique opportunity for the low-income segment to avail low markup house building loans of […]

After receiving the green light from the National Bank of Ethiopia (NBE), Hijra Bank, the second fully-fledged interest-free bank in the country has engaged in a highly competitive bidding and selection process which resulted in the selection and signing of an agreement with Path Solutions for the implementation of its AAOIFI-certified core banking platform. Hijra Bank will be […]

Bank Alfalah, Pakistan’s premier financial institution providing both Sharia-compliant and conventional banking services, has recently signed a Memorandum of Understanding with Indus Motor Company Limited (IMC) for a joint launch of a portal Toyota Smart Finance (TSF) to promote Toyota products through the former’s Auto Financing services. In line with the commitment to facilitate customers […]

Azentio Software (“Azentio”), a Singapore-headquartered software products business owned by funds advised by Apax, is pleased to announce the signing of a binding agreement to acquire certain software assets from Path Solutions (including the flagship products iMAL™, iSHRAQ™, Path Digital, and Path Analytics), a leading provider of core banking software. The transaction is contingent on obtaining relevant regulatory approvals and […]