KARACHI: In line with the bank’s core value of innovation through process automation, Faysal Bank Limited has entered into an agreement with AKS IQ for the development and implementation of a state-of-the-art trade solution.
The innovative solution will help Faysal Bank Limited to execute import and export transactions in a highly automated environment and provide flexibility to perform checks on price verifications, vessel tracking, dual use of goods etc. through pre-defined checks, validations, workflows, and reference data sources.
Jazz extends Digital Pakistan Fellowship Program to Fatima Jinnah Women University
The investment in automation systems and processes will lead to significant improvement in overall service standards and improved customer experience while optimizing and helping bring risk levels significantly down. The bank would be able to effectively manage the existing Risk portfolio, mitigate operation risk issues, compliance issues and also facilitate improve decision-making across key departments through more robust data-driven valuations.
Speaking at the signing ceremony, Syed Muhammad Fraz Zaidi (Head of Operations) said, “For Faysal Bank, technology as an enabler is a key focus area. We have invested significantly in this area and are now starting to reap the benefits. As we automate and digitize our products and services delivery mechanisms, we will be able to serve our customers even better and improve on efficiencies.”
Kaifi Khalil Topping Local Charts on Spotify
Faysal Bank Limited carries the highest local Sharia rating of SCFR1 by the International Islamic Rating Agency (IIRA) and provides the best and widest range of Shariah-compliant banking products and services to meet their customer’s Halal banking needs with convenience. With an expanding network of almost 700 Islamic branches, Faysal Bank Limited has a footprint in 253 cities/towns across Pakistan.
Abbott join hands with PIA for raising awareness on child nutrition
Also read these
- Seven Killed, Including Bride and Groom, in Gas Cylinder Blast at Islamabad Wedding House
Deadly Cylinder Explosion in Islamabad’s G-7 Sector Brings Down Four Houses At least seven people, including the bride and groom, were killed in a cylinder explosion at a wedding house in Islamabad’s G-7 sector on Saturday. Following directives from… Read more: Seven Killed, Including Bride and Groom, in Gas Cylinder Blast at Islamabad Wedding House - PTA Warns Public Against Fraudulent Calls and Fake UAN Numbers
No Government Body Seeks OTPs or CNIC Details via Calls or Messages, Says PTA The Pakistan Telecommunication Authority (PTA) has advised the public to remain vigilant against fraud carried out through fake calls and UAN numbers. In an awareness… Read more: PTA Warns Public Against Fraudulent Calls and Fake UAN Numbers - Pakistan’s Trade Deficit Hits $19.2bn in H1 as Exports Slide, Imports Surge
Falling Exports, Rising Imports Strain Pakistan’s External Sector Stability Pakistan recorded a trade deficit of $19.2 billion during the first half (July–December) of the current fiscal year, reflecting a sharp deterioration in the external sector as exports declined while… Read more: Pakistan’s Trade Deficit Hits $19.2bn in H1 as Exports Slide, Imports Surge - Livoltek Launches Innovative Energy Solutions in Pakistan
Livoltek Concludes Successful Product Launch Event for IP66 Hybrid Inverter Series and Advanced C&I BESS Solutions in Pakistan Pakistan:- Livoltek, a global leader in smart solar, energy storage, and EV charging solutions, has successfully organized and concluded a product… Read more: Livoltek Launches Innovative Energy Solutions in Pakistan - PIA Resumes Direct Lahore–London Flights From March 30 Amid High Demand
Pakistan International Airlines Expands UK Operations With New Lahore–London Route Pakistan International Airlines (PIA) announced on Thursday that it will resume direct Lahore–London flights starting March 30, as part of its expanded operations to the United Kingdom. According to… Read more: PIA Resumes Direct Lahore–London Flights From March 30 Amid High Demand
