NDC Announces Collaboration with Thomson Reuters To Endorse Risk Products in Pakistan

Lahore:June 03, 2017: National Data Consultant (Pvt) Ltd (NDC), an award-winning IT Service Provider to Banks and Financial Institutions in MEA, opened a collaboration with Thomson Reuters to endorse risk products in the country. Nadim Najjar, Managing Director, Middle East and North Africa, Thomson Reuters, said that Pakistan has phenomenal economic possibilities to give. The

SBP Asks Banks to Cooperate For Contending Cyber Threats

State Bank of Pakistan (SBP) has coordinated money related organizations (FIs) to advance joint effort at an industry level for fighting expanded danger of cyber-attacks in the managing an account framework and banking system. In this association, FIs might utilize a stage inside the business with the end goal of gathering and exchanging convenient data

Bank Alfalah, Punjab Beverages Company Ties Knot to Digitize Supply Chain Payments

Pakistan’s top bank, Bank Alfalah Limited (BAL), has collaborated with Punjab Beverages Company (PBC) to start a trial to digitize retailer of last mile in the supply chain of PBC. The main reason of this project is digitizing enticement payouts and reimbursements for expense incurred by PBC to all its retailers and distributors. The current

Banks to Give Loans to Sports Goods Industry

The planned commercial banks have shown intense interest in giving soft-term business loans to the Sialkot-based manufacturers and exporters, allowing them to enlarge their sports goods business and exports. A seminar was held at Sports Industries Development Center (SIDC) titling ‘Long-Term Financing Facility (LTFF) here on Tuesday under the patronages of the State Bank of

Banks Introduce Verification Module for Online Payments Through Credit Cards

There is new method which is being implemented by banks for online outflows through credit cards, and that is by a two-step verification setup, as per the sources. We checked that banks are currently in the phase of positioning systems that will allow users of credit card to conduct online payments only after putting a

Banking Sector Experienced 16.1% Growth in FY16

The banking sector of the country has increased 16.1 percent in the financial year 2016 despite some negative effects on the profits due to a fall in interest rates and related. But as per the FY16 performance review report by State Bank, the overall position has remained positive with high creditworthiness points, a solid capital

UBL Funds – The First Movers In Banking Sector

UBL Funds is considered as the most inspiring AMC of Pakistan. UBL Funds has always known as the first mover in the financial industry. Right from the Phone Banking to the Cyber Security Champions, UBL has come a long way. The kind of repute and position which UBL enjoys in the banking sector is worth

Bank Alfalah Experiences 4% Growth in Profits!

Bank Alfalah is all gearing up at soaring speeds to reach a high profitability level. It has moved another 4% in the total profits it earned at Rs. 6.266 billion which was in the last nine months of this year. As for the earning per share of the bank, it is said to have reached

Life Plus Savings Account Is Great Initiative By Faysal Bank

Faysal Bank is among the reliable and reputed banks of Pakistan. Faysal Bank has always kept customers first while introducing multiple schemes and promotions. This time again Faysal Bank has kept focus on senior citizens of Pakistan, and has launched Life Plus Saving Account. What’s Faysal Bank’s Life Plus Saving Account Is All About? The