May 12, 2024
Headlines

Best AI technologies that are significantly improving the FinTech industry of Pakistan – Fintech News Pakistan

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The role of AI technologies in Pakistan’s Fintech industry is pivotal, addressing unique challenges and opportunities within the region. AI-powered solutions facilitate financial inclusion by offering innovative services accessible through mobile devices, particularly in underserved rural areas. These technologies enhance security through fraud detection and risk management, leveraging vast transaction data to identify anomalies in…

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Allied Bank Limited Posts Rs. 11.6 Billion Profit in 3 Months – Fintech News Pakistan

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Allied Bank Limited Reports 1QCY24 Earnings: Profit Up 51% YoY, Down 5% QoQ Allied Bank Limited (PSX: ABL) unveiled its financial results for the first quarter of the calendar year 2024 (1QCY24) today, showcasing a robust performance with a Profit After Tax (PAT) of Rs. 11.6 billion. This figure represents a noteworthy increase of 51…

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How Digital banks can play key role in driving economic mobility of Pakistan? – Fintech News Pakistan

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Introduction: Most people have bank accounts but there are a significant number of people in society that traditional banks have not served well. For years, the products and services built and delivered by banks have been designed to meet the banks’ criteria for profitability, even if it is at the expense of the customer. Earning…

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ABHI partners with Alraedah Digital Solutions to Revolutionize Financial Services in KSA – Fintech News Pakistan

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9th May 2024p Riyadh, KSA: Alraedah Digital Solutions, a leading technology company and the innovation arm of Alraedah Digital Group, is thrilled to announce a strategic partnership with ABHI, a MENAP-based Fintech specializing in Earned Wage Access and Invoice Factoring. The collaboration marks a significant milestone in Alraedah’s commitment to fostering innovation and driving regional…

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The Bank of Punjab Posts Rs. 3.51 Billion Profit in 3 Months (Q1-2024) – Fintech News Pakistan

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BANK OF PUNJAB’S FIRST QUARTER PERFORMANCE UNDERSCORES REMARKABLE GROWTH Lahore, April 26, 2024 – The Board of Directors of The Bank of Punjab convened on Friday to deliberate on the un-audited Financial Statements for the 1st quarter ending March 31, 2024. The session saw a thorough review of the Bank’s performance against its strategic business…

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Gorex Pakistan and My Petroleum Pvt Limited Unite to Propel Digital Fuel Revolution in Pakistan – Fintech News Pakistan

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In a significant move towards revolutionizing fuel management in Pakistan, Gorex Pakistan and My Petroleum Pvt Limited have joined forces in a Memorandum of Understanding (MOU) signing ceremony. Led by the vision of innovation, CEOs Syed Riaz Ud Din of Gorex Pakistan and Tariq Wazir Ali of My Petroleum are set to pioneer a digital…

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JS Bank Collaborates with Inspiring Women to Empower Female Entrepreneurs – Fintech News Pakistan

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JS Bank Collaborates with Inspiring Women PK to Empower Female Entrepreneurs JS Bank is delighted to announce its partnership with Inspiring Women to provide training in financial management, budgeting, and saving for girls and women. This collaboration is a pivotal aspect of JS Bank’s Her Entrepreneurial Community initiative, aimed at empowering female entrepreneurs with the…

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JS Bank Limited Posts Rs. 4.2 Billion Profit in 3 Months (Q1-2024) – Fintech News Pakistan

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According to a notice submitted to the Pakistan Stock Exchange (PSX) on Friday, JSBL reported a consolidated profit of Rs4.2 billion during the three months ended March 31, 2024, soaring from Rs883.27 million in the first quarter of the previous year. The surge in profit is attributed to a substantial rise in both interest and…

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Kistpay Emerges as Champion in the Pitch Competition at IsDB Group Annual Meetings 2024 – Fintech News Pakistan

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Title: Kistpay Emerges Victorious at IsDB Group Annual Meetings 2024 Date: April 29, 2024 – Riyadh, KSA In a resounding triumph, Kistpay, a pioneering force in digital and financial inclusion solutions, has clinched the top honor at the platform Pitch Competition during the esteemed Islamic Development Bank (IsDB) Group Annual Meetings 2024. Representing Pakistan with…

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Unleash Your Fintech Innovation: Join the Allied Bank Fintech Hackathon 2024 – Fintech News Pakistan

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The stage is ablaze once more for Pakistan’s brightest minds to illuminate the world of Fintech with their innovative prowess! We are thrilled to announce the much-awaited 3rd edition of the Allied Bank Limited Fintech Hackathon. We extend a warm invitation to all innovators, students, Fintech enthusiasts, entrepreneurs, and aspiring startup founders to participate in…

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