Askari Bank, specialized in conventional and Islamic banking, has partnered with Banking Payments Context (BPC), a global payment fintech to implement its next-generation SmartVista suite to upgrade the credit card management system. This system integration is a strategic move for the bank to meet local and international security standards and expand its branch network in over 600 locations.
Atif R. Bokhari, President & CEO at Askari Bank explained this substantial partnership will more modern and secure financial services for bank users, “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.”
Furrukh Ali Baig, Managing Director of BPC Pakistan, is excited with this partnership: “We are delighted to bring the SmartVista product suite to Askari Bank and enable the bank’s growth in a booming market. We believe this move is essential in taking Pakistan’s digital financial transformation up a notch with innovative, scalable and secure technology. We are confident this collaboration will further establish BPC within the banking sector and continue to bring cutting-edge banking solutions.”
Aside from the modernization of the credit card management system, BPC’s relationship with Askari Bank also brings a revolutionary AI & Machine Learning powered ‘Enterprise Fraud Management Solution’. This will enable the bank to detect and prevent fraudulent activities on digital channels, as well as ensure an exceptional user experience.
The addition of SmartVista suite to Askari Bank marks not only the beginning of a successful collaboration between the two parties but is also a massive step towards a digitized and secure banking experience in Pakistan.
About Askari Bank:
Established in 1991, Askari Bank Limited Pakistan is among the first few to receive banking license from the State Bank of Pakistan in the same year. With headquarters in Islamabad, the bank currently has over 600+ Conventional and Islamic branches with a Wholesale Bank Branch in Bahrain, and a representative office in Beijing, China. Askari Bank has also established a strong presence in digital banking and has become a major powerhouse in the banking sector of the country.
About Atif R. Bokhari:
Atif R. Bokhari is the current President & CEO of Askari Bank. Having joined the bank in December 2014, he has since spearheaded the bank’s modernisation efforts with his focus on customer experience, technology and digitization. In his career, Mr. Bokhari has held leadership roles in several local and international banks in Germany, Singapore, and Pakistan.
