Temenos announced that Mbanq, one of US’s leading Banking-as-a-Service (BaaS) providers, has expanded its relationship with Temenos to accelerate BaaS adoption in the US. The agreement deepens the companies’ collaboration after last year’s launch of a joint Credit Union as-a-Service offering (link). Temenos has also made a minority investment in Mbanq to capture the BaaS market which […]

Despite macroeconomic and geopolitical challenges, KE is confident in serving its customers in a reliable and efficient way through a comprehensive, multi-pronged strategy. These comments were made by KE’s Chief Financial Officer Muhammad Aamir Ghaziani at a Corporate Briefing Session held at the Pakistan Stock Exchange (PSX) on Tuesday. Sustained investments in the value chain […]

Standard Chartered Bank Pakistan Limited (SCBPL) delivers record profit before tax of PKR 36.4 billion, registering an increase of 98 per cent year on year. Performance was driven by strong income growth, as well as continued cost and risk discipline. Overall revenue grew by 70 per cent to deliver a top-line of PKR 45.1 billion, […]

Moneyhub, the market-leading Open Data and payments platform, is partnering with Pennyworth, a financial planning and banking app, to redesign digital banking for the aspiring-affluent consumer. Pennyworth, which has applied for a UK banking license, has developed a unique planning tool powered by Moneyhub ’s award-winning APIs. The tool uses a combination of Open Banking, […]

Driven by continued and targeted investments of PKR 36.99 Billion across the power value chain, key operational indicators showed positive growth over comparative period. However, despite showing consistent improvement in reduction of transmission and distribution losses of 1.5%, and driving an increase in the units sent out by 2.8%, KE’s net profitability declined by 84% […]

Pakistan’s First Asset Management Company NITL has signed up with Hysab Kytab to provide end users/customers access to its family of funds within the consumer application. This collaboration will empower customers to make informed decisions leading to a financially secure future. With the help of National Investment Trust Limited (NITL), Hysab Kytab users will now […]

Rider, a tech-led last-mile delivery partner for e-commerce retailers, has raised US$2.3 million in a seed round led by venture capital (VC) firm Global Founders Capital, Fatima Gobi Ventures, and Asian Development Bank. TPL E-Ventures and Transhold also participated. The Karachi-based B2B2C service was launched in 2019 by Salman Allana, who was previously head of […]

Ignite National Technology Fund, a company with the Ministry of IT and Telecom, showcased Pakistani startups at 4YFN (4 Years From Now), the startup event of Mobile World Congress which enables startups, investors, and large corporations to connect and launch new business ventures together. 4YFN supports startups, incubators, and accelerators who want to project the creativity […]

The COVID-19 pandemic has brought to the fore fault lines – particularly within the education space that has required educators, learners, and parents alike to be aware of the realities that existed across the spectrum before its initial onset. At its very peak, research has shown that the pandemic left 1.6 billion students out of […]

Karandaaz Pakistan, with support from the Bill & Melinda Gates Foundation (BMGF) and the UK’s Foreign, Commonwealth and Development Office (FCDO), has launched the second round of its annual challenge titled ‘Karandaaz Financial Inclusion for Women Challenge’. Under this challenge, Karandaaz is inviting applications to support ideas that create financial products specifically directed at women […]