RAWALPINDI: Askari Bank announced a partnership with Banking Payments Context (BPC), a global payments fintech. Through this partnership, BPC will implement its next-generation SmartVista suite to enable state of the art credit card management system by migrating the existing solution and services.
Also an enterprise fraud management solution powered by AI & machine learning models will be introduced to detect and prevent fraudulent activities on Askari Bank’s digital channels in real time to fulfil the bank’s security targets and maintain an exceptional user experience.
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 impressive growth, the Bank required a highly scalable and configurable credit card management system which can adhere to local and international standards as well as requirements. Any growth in digital transformation requires a sophisticated high security platform which is built upon latest technology and is already proven in the market through leading players locally and globally while providing end-to-end fraud management detection and prevention in real time.
Implemented by leading financial institutions around the world, BPC’s SmartVista Suite comprises cutting-edge banking payment and commerce solutions such as digital banking, ATM and switching, payments processing, card and fraud management. This proven technology, coupled with BPC’s local experience in Pakistan, was key to winning this trust.
Atif R. Bokhari, President & CEO 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.”
Commenting on the partnership, Furrukh Ali Baig, Managing Director BPC 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.”
Copyright Business Recorder, 2023
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