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Askari Bank taps BPC for credit card and online fraud management system

Source: BPC

Global payments fintech BPC today announced a technical partnership with Askari Bank in Pakistan.

Through this partnership, BPC will implement its next-generation SmartVista suite to enable a state-of-the-art Credit Card Management system by migrating the existing solution and services. Also, an Enterprise Fraud Management Solution powered by AI and Machine Learning models will be introduced to detect and prevent fraudulent activities on Askari Bank’s digital channels in real time to fulfill the bank’s security targets and maintain an exceptional user experience. The solution will help to enhance the bank’s ambitious security targets while maintaining an exceptional user experience.

Askari Bank has expanded its branch network with 600+ conventional and Islamic branches, along with a Wholesale bank branch in Bahrain and a representative office in Beijing, China. To support this impressive growth, the bank required a highly scalable and configurable credit card management system that can adhere to local and international standards as well as requirements. Any growth in digital transformation requires a sophisticated high-security platform that is built upon the latest technology and is already proven in the market through leading players locally and globally while providing end-to-end fraud management detection and prevention in real-time.

Implemented by leading financial institutions around the world, BPC’s SmartVista Suite comprises cutting-edge banking payment and commerce solutions such as card management, digital banking, switching, ATM management and POS driving, payments processing, along with fraud prevention.

Mr. Atif R. Bokhari, President & CEO of AKBL, commented, “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.”

Commenting on the partnership, Mr. Furrukh Ali Baig, Managing Director for BPC in Pakistan, said: “We are excited to expand the use of our SmartVista product suite across Pakistan and enable Askari Bank’s ongoing improvement of financial services in a fast-growing market. This partnership is an important step in improving Pakistan’s digital financial transformation with more scalable, secure, and advanced technology. We hope that this partnership will further strengthen our place in the banking sector which is undergoing advancements at an unprecedented rate.”

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