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Faysal Bank Eyes on Growth through Automation

Karachi, January 19, 2023 (PPI-OT):In line with its core value of innovation through process automation, Faysal Bank Limited (FBL) 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 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. 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 and 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, 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 digitize our products and services delivery mechanisms, we will be able to serve our customers even better and improve on efficiencies,” he added.

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.

For more information, contact:
Head Office,
Faysal Bank Limited
Faysal House, ST-02, Shahrah-e-Faisal, Karachi, Pakistan
UAN: +92-21-111-747-747
Fax: +92-21-32795234
Email: corpcomm@faysalbank.com
Website: www.faysalbank.com

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