Faysal Bank Limited (FBL) has always kept abreast with the latest developments in Digital Banking Technology and has aggressively implemented the same in all segments, wherever required. In continuation of this endeavour.

In line with the bank’s core value of “Innovation” through Process automation, FBL Faysal Bank Limited has entered into Agreement with Messrs. AKS IQ for the development and implementation of a state-of-the-art trade solution

The Innovative solution will help Faysal Bank 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.

Investing in automation systems and processes will significantly improve overall service standards and improved customer experience while optimising and helping bring risk levels down significantly. The Bank would be able to effectively manage the existing Risk portfolio, mitigate operation risk issues and compliance issues and also facilitate improved decision-making across key departments through more robust data-driven valuations.

At the signing ceremony, Syed Muhammad Fraz Zaidi (Head of Operations) said, “For Faysal Bank, Digital and Technology as an enabler are key focus areas. We have invested significantly in this area and are now starting to reap the benefits. As we automate and digitise our products and services delivery mechanisms, we will be able to serve our customers better and improve on efficiencies.”

FBL 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 has a footprint in 253 cities/towns across Pakistan.