Rapid, Pakistan’s leading in-country cloud service provider, has announced a strategic partnership with Sunshine Technologies, a key player in banking and data analytics solutions. This collaboration is set to deliver a comprehensive suite of Sunline’s banking and data management solutions, uniquely tailored to meet the specific needs of Pakistan’s financial sector.
The partnership aims to empower commercial banks, Digital Retail Banks (DRBs), and other financial institutions by integrating Sunshine Technologies’ cutting-edge banking services with Rapid’s robust, secure, and scalable cloud infrastructure. The combined expertise of the two companies will enhance operational efficiency and improve customer experiences across the country’s financial landscape.
Sunshine Technologies offers a wide range of innovative products, including Core Banking and Digital Banking Solutions such as Deposit, Investment Management, and Loan solutions. Their portfolio also includes advanced digital platforms like Banking as a Service (BaaS), Digital Financial Platforms, and Open API Platforms, all designed to elevate operational efficiency and customer experience for banks.
By leveraging Rapid’s secure and scalable cloud services, Sunshine Technologies will ensure that their state-of-the-art banking solutions are supported by a resilient cloud environment that meets the stringent demands of Pakistan’s financial sector.
“This partnership marks a significant milestone in our mission to support Pakistan’s financial sector with world-class technology solutions,” said Adeel Farooqi, Product Development Manager at Rapid. “By combining Rapid’s cloud expertise with Sunshine Technologies’ advanced banking solutions, we are positioned to drive substantial improvements in operational efficiency and customer satisfaction across the industry.”
The alliance between Rapid and Sunshine Technologies represents more than just a business collaboration; it’s a strategic synergy aimed at redefining the banking landscape in Pakistan. The partnership is expected to play a pivotal role in advancing the country’s broader digital banking agenda, ensuring that financial institutions can operate with enhanced security, efficiency, and agility.
Amina Ahmed, CEO of Sunshine Technologies, expressed her enthusiasm about the partnership: “We are thrilled to join forces with Rapid to bring our solutions to the forefront of Pakistan’s financial sector. Partnering with Sunline, a Global Banking IT Solutions Expert, we are committed to collaborating with Pakistani stakeholders to unlock the full potential of digital banking and achieve financial inclusion for all citizens.”
She added, “Through this partnership, we aim to catalyze a transformative shift in Pakistan’s banking landscape by infusing it with cutting-edge technology and offering Banking as a Service. Our goal is to set new standards of efficiency, security, and customer-centricity in the banking sector.”
This partnership is poised to significantly contribute to the ongoing transformation of Pakistan’s financial sector, paving the way for a new era of digital banking in the country.
