LAHORE ( PRESS RELEASE ) National Bank of Pakistan (NBP) and Karandaaz Pakistan have joined hands to create a more robust digital financial ecosystem in Pakistan through implementation of an Application Programming Interface (API) management platform for NBP. This technology platform implementation is focused particularly on digitizing Government to Person (G2P) andRead More →
KARACHI ( PRESS RELEASE ) Seasoned banker Shahid Mustafa has been appointed the new President & Chief Executive Officer (CEO) of Telenor Microfinance Bank (formerly Tameer Microfinance Bank). Shahid replaced outgoing President &CEO Ali Riaz Chaudhry who served the institution since May 2016. Shahid, whose career spans over 20 years,Read More →
KARACHI ( PRESS RELEASE ) Bank Alfalah Limited, has partnered with C Square Consulting to install self-service banking kiosks. Using these IntellekT kiosks, anyone can open a Bank Alfalah digital/wallet account powered by UnionPay Debit Card within merely three minutes and all that is needed for processing is the person’sRead More →
KARACHI ( TARIQ REPORT ) Bank Alfalah has won the‘Best Loyalty and Rewards Program Award’ for its Orbit Rewards Program at the 2017 Mastercard MENA Leadership Forum that took place in London, UK. Hosted by Mastercard, a leading technology company in the global payments industry, the Forum brought together executivesRead More →
KARACHI ( PRESS RELEASE ) Expanding its endeavor to promote linkages with academia, Bank Alfalah Limited (BAFL) has entered into a strategic partnership with ,Institute of Business Administration, University of Punjab (IBA-PU). The agreement comes as an extension of Bank Alflalah’s recent endeavor for strengthening industry and academia by promotingRead More →
KARACHI ( PRESS RELEASE ) Bank Alfalah, has entered into a strategic arrangement with Pakistan Telecommunication Employees Trust (PTET) for disbursement of pensions to its pensioners through dedicated digital branchless banking wallets. This arrangement would usher in great deal of ease and convenience to pensioners in receiving their monthly pensions.Read More →
KARACHI ( TARIQ REPORT ) In a landmark development to promote Islamic Banking and Finance in the country, Pakistan’s leading financial institution Bank Alfalah has entered into an agreement with AlHuda Centre of Islamic Banking and Economics (CIBE), an international leader in human capital development for the Islamic financial services industry.Read More →
ISLAMABAD ( MEDIA REPORT ) The board of directors at United Bank Limited ( UBL ) finally made a much-awaited announcement in the banking sector, which is the appointment of Sima Kamil as the new Chief Executive Officer (CEO) and President of UBL in the place of Wajahat Hussain. ServingRead More →
ISLAMABAD ( BMZ REPORT ) An agreement was inked between Khushhali Microfinance Bank Limited (KMBL) and Pakistan Television Corporation Limited (PTV) Peshawar to launch a motorcycle loan scheme, for the benefit of PTV employees, while the finance purchase of these motorbikes will be done by KMBL. PTV employees will alsoRead More →
KARACHI ( TARIQ REPORT ) Pakistan’s leading banking institution, Bank Alfalah, has bagged the International Finance Magazine Award in ‘Best Credit Card Offering’ category at IFM Awards organized by International Finance Magazine in Singapore for recognizing best-in-class banks and financial institutions. Bank Alfalah is the only bank in Pakistan to haveRead More →
KARACHI ( TARIQ REPORT ) The State Bank of Pakistan (SBP) has issued draft Framework on IT Governance and Risk Management for Financial Institutions for comments/feedback from interested parties. The framework is based on international standards and recognised principles of international practice for technology governance and risk management, and shallRead More →
LAHORE ( HAFEEZ REPORT ) Samba Bank Limited Pakistan, a majority owned subsidiary of Samba Financial Group of Saudi Arabia has successfully implemented the new Temenos Core Banking software R15 for its retail and corporate banking services. Temenos teamed up with regional partner, National Data Consultant (pvt) Ltd (“NDC”) onRead More →