Breaking News
National Bank of Pakistan modernizes Pool Management with Codebase Technologies
NBP holds roughly $17.2 billion in assets, and this upgrade will allow the bank to develop better deposit products and have greater insights into their customer portfolio.
The latest version of Digibanc™ PoolSmart brings a modern technology stack coupled with highly customisation data driven models. It is a comprehensive profit distribution and management solution that allows institutions to manage multi-currency and segment pools whilst enabling real time Sharia’a compliant depositor rate calculations. The solution complies with all the local and international Sharia’a and regulatory standards.
Islamic banking industry in Pakistan has witnessed an impressive growth recently with its assets reaching 12.9% of banking sector and deposits accounting for 14.8% of the total banking industry deposits. With the Islamic sector growing rapidly, more banking organisations require a robust and digital alternative to manage integrity within their profit distribution and management services.
Codebase Technologies’ Managing Partner, Raheel Iqbal, commented, “This is an exciting and bold initiative that promises to set an industry standard for Islamic banking in the country, allowing Islamic banks to have a deeper visibility into their asset/liability and depositor profile.”
National Bank of Pakistan’s officials commented, “Having a robust solution with the ability to manage profit distribution on a real time basis which adheres to Sharia’a and local state bank requirements will help our Islamic Banking Division to be more transparent to our customers. We have placed our trust in Codebase Technologies for over 10 years for providing us with their innovative Sharia’a compliant solutions as we work together in delivering customer centric digital propositions at National Bank of Pakistan.”
- EXCLUSIVE: “Stable & Secure?” – Simone Loefgen, Commerzbank in ‘Discover Sibos 2025’ Read more
- CBI Drives Verification of Payee Compliance in Italy Read more
- Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers Read more
- Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil Read more
- EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’ Read more
Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers
Lastro, a Brazilian artificial intelligence proptech, announced a Series A round of $15 million led by Prosus Ventures, a global tech operator and investor and major shareholder in iFood and OLX. FJ Labs and Endeavor Scale-Up Ventures also participated in the round, along with existing investors Canary, QED and 1Sharpe Ventures.
Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil
EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced that the Company has closed the previously announced transaction to acquire a controlling stake in Tecnobank Tecnologia Bancária S.A.
JCB Launches Strategic Guide for European Merchants Looking to Tap into Asian Travellers’ Spending Power
JCB today announced the launch of a new strategic guide, “Asian Traveller Personas - Inspiring European Merchants to Unlock Greater Spend.” This comprehensive guide provides European merchants with key insights into the diverse motivations and spending habits of consumers coming from Asia, enabling them to craft bespoke experiences and unlock new revenue opportunities.
On-Chain KYC(R) 2.0 Transforms Digital Identity with Privacy-Preserving Blockchain Attestations
Blockpass, the identity verification and compliance service for blockchain and beyond, is excited to announce the launch of its new and improved On-Chain KYC® 2.0. With the adoption of crypto growing rapidly, Blockpass has created a flexible, powerful solution for blockchain identity verification and attestation which doesn’t compromise on privacy or security.
Triple-A Adopts iPiD’s Payee Verification to Bring Trust to Stablecoin and Fiat Payments Globally
iPiD, the leading provider in Know Your Payee (KYP) solutions worldwide, today announced it will power payee verification for Triple-A, a Singapore-headquartered and Monetary of Authority of Singapore (MAS)-licensed digital currency payment institution.
$1,700 Lost per Australian to Fraud in 2025 Amid AI Advances and Peak Season Risks, According to Adyen
Adyen, the global financial technology platform, revealed that fraud losses in Australia are on the rise, set to intensify as the peak shopping season approaches.
European Central Bank Concludes a Framework Agreement with Feedzai to Detect and Prevent Fraud for Forthcoming Digital Euro
The European Central Bank (ECB) has concluded a framework agreement in ranking with Feedzai, the world’s leading RiskOps platform for financial crime prevention, as the first-ranked tenderer, to provide the central fraud detection and prevention mechanism for the digital euro (link to contract award notice and announcement on ECB’s website).
EXCLUSIVE: “Stable & Secure?” – Simone Loefgen, Commerzbank in ‘Discover Sibos 2025’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
CBI Drives Verification of Payee Compliance in Italy
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers
Lastro, a Brazilian artificial intelligence proptech, announced a Series A round of $15 million led by Prosus Ventures, a global tech operator and investor and major shareholder in iFood and OLX. FJ Labs and Endeavor Scale-Up Ventures also participated in the round, along with existing investors Canary, QED and 1Sharpe Ventures.
Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil
EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced that the Company has closed the previously announced transaction to acquire a controlling stake in Tecnobank Tecnologia Bancária S.A.
EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
APIs Driving Embedded Finance Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FinScan’s AML Software Solutions Integrate with LSEG World-Check On Demand
FinScan®, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, today announced integration with and support for LSEG World-Check On Demand. FinScan is one of the first LSEG partners to announce support of the solution.