Askari Bank announces a technical partnership with BPC
By Leandra Monteiro
Global payments FinTech, BPC announced a technical partnership with Askari Bank in Pakistan.
Through this partnership, BPC will implement its next-generation SmartVista suite to enable a Credit Card Management system by migrating the existing solution and services. Also, an Enterprise Fraud Management Solution powered by AI and ML models will be introduced to detect and prevent fraudulent activities on Askari Bank’s digital channels in real time to fulfill the bank’s security targets and maintain an exceptional user experience.
Atif R. Bokhari, President & CEO of AKBL, commented, “We are pleased to partner with BPC for our digital transformation projects. By joining forces, we are taking a new approach to security throughout our financial initiatives and compliance. Together we will ensure that our financial services are highly configurable, scalable, and secure.”
BPC’s SmartVista Suite comprises banking payment and commerce solutions such as card management, digital banking, switching, ATM management and POS driving, payments processing, along with fraud prevention.
Commenting on the partnership, Furrukh Ali Baig, Managing Director for BPC in Pakistan, said, “We are excited to expand the use of our SmartVista product suite across Pakistan and enable Askari Bank’s ongoing improvement of financial services in a fast-growing market. This partnership is an important step in improving Pakistan’s digital financial transformation with more scalable, secure, and advanced technology. We hope that this partnership will further strengthen our place in the banking sector which is undergoing advancements at an unprecedented rate.”
Askari Bank has expanded its branch network with 600+ conventional and Islamic branches, along with a Wholesale bank branch in Bahrain and a representative office in Beijing, China. To support this growth, the bank required a highly scalable and configurable credit card management system that can adhere to local and international standards as well as requirements.
IBSi Daily News Analysis
December 01, 2023
UAE consumers turn to banks for advice on sustainable financeRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage