KARACHI: ABHI Microfinance Bank Limited has signed a Memorandum of Understanding (MoU) with Jaffer Business Systems Private Limited (JBS) to jointly explore technology-driven solutions and AI-enabled capabilities that can support the Bank’s continued evolution into a more digitally focused financial institution.
The understanding creates a practical framework for both organizations to work closely, assess emerging technologies, and identify areas where digital tools can create real impact not just within systems and processes, but in how customers experience banking. Over the next twelve months, teams from both sides will engage in structured discussions to evaluate use cases, test ideas, and outline clear pathways for implementation.
Beyond technology, the initiative reflects a shared commitment to responsible innovation and financial inclusion. As Pakistan’s financial ecosystem modernizes, efforts like this help ensure that digital progress translates into improved access, smoother customer journeys, and stronger institutional capabilities. Areas of exploration include modern digital platforms, data-driven tools, intelligent automation, and AI-based modules aligned with evolving banking requirements.
The MoU also sets out key principles relating to confidentiality, protection of intellectual property, and governance. The agreement was formally executed by Muhammad Farooq Kamran, Chief Financial Officer, and Mariam Pervaiz, Chief Commercial Officer, on behalf of ABHI Microfinance Bank, and by Sara Hasan, Head of JBS Consulting, and Adil Wadood, General Manager, representing Jaffer Business Systems. The signing ceremony was also attended by Kabeer Naqvi, Entrepreneur in Residence at ABHI, and Veqar Islam, Chief Executive Officer of Jaffer Business Systems, along with senior members of both leadership teams.
Copyright Business Recorder, 2026
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