Mobilink
Microfinance Bank Limited (MMBL) has collaborated with Avanza Solutions to
develop and deploya state-of-the-art enterprise banking solution, DOST
Corporate Portal. This platform is part of MMBL’s strategic pursuit to optimize
operations and explore greater technical prowess to ultimately fulfill the
growing banking and financial needs of various business segments.
Mobilink Microfinance Bank is part of the VEON group, a global digital operator that provides converged connectivity and online services across seven countries. As part of its digital operator strategy, VEON is transforming people’s lives, creating opportunities for greater digital inclusion, and driving economic growth across countries that are home to more than 8% of the world’s population.
Chief Operating
Officer, MMBL, Sardar Mohammad Abubakrand Chief Executive Officer, Avanza
Solutions, Omer Ahmed Khan inked the agreement in Islamabad earlier this week
along with senior leadership from both organizations at the MMBL Headquarters. Through
this partnership, theDOST Corporate Portal is built upon the foundations of
Avanza’s ‘Ambit Enterprise Banking Platform’ – a next-generation banking
platform, facilitating MMBL to delivercorporate internet banking and payment
services to its customers in a secure, cost-effective, and personalized manner.
Avanza's Ambit
Suite of internet, mobile, and corporate banking, digitally enhances the
operational capabilities of any financial institution. It simplifies banking
methods and creates a centralized environment that reduces human effort and
promotes an end-to-end digital experience. While equipping advanced innovation
and revolutionary modules, Ambit personalizes and facilitates a unique banking
experience, meeting global standards and compliances.
This enterprise
solution combines the power of digital mobile banking, and corporate internet
banking, thereby enabling MMBL to cater to multiple simultaneous payment and
transaction operations ideal for salary disbursement and payroll solutions. The
360-degree dashboard allowsunifiedtracking of all transactions and their
reconciliation for efficient service provision. The DOST Corporate Portal is
designed to help empower SMEs towards smoother, more seamless operations.
Sharing his
thoughts at the signing ceremony, Chief Operating Officer MMBL, Sardar Abubakr
said, “I am grateful for Avanza’s expertise and support in developing this
efficient enterprise banking solution, which enables us to serve our corporate
clients with enhanced control and efficiency. Our focus on empowering SMEs
grows ever stronger as we gear up to deploy this convenient solution for their
operational ease. I look forward to working closely with the Avanza team to
monitor and enhance the functionality of the DOST Corporate Portal.”
Also addressing the
partnership, Chief Executive Officer, Avanza Solutions, Omer Ahmed Khan
remarked, “We are delighted to join hands with MMBL and support its quest for
delivering superior financial services to the people of Pakistan. For the past
two decades, Avanza has built a vast portfolio of customers and products at the
global level. Our work for digitalization of the banking industry is positively
impacting countless customers in Pakistan and across the globe while fostering
an environment of fast-paced growth across the board.”
MMBL is
revolutionizing the digital banking ecosystem with its wide range of customized
products and services, seamlessly integrated into its customer’s everyday life.
Proceeding on the journey of inclusive economic growth and development, the
bank through its strategic partners is focused on accelerating digital adoption
by offering innovative financial solutions such as digital wallets and
microfinancing to narrow the digital and economic divide in Pakistan.
Since 2000, Avanza
Solutions has been empowering organizations across the globe to adopt digital
transformation via next gen and hi-tech innovative digital platforms and
services. Being supreme and ever evolving, Avanza serves as a digital hub of
innovation and digitalization where technologies like Customer Experience,
Artificial Intelligence, Blockchain, Channel Banking, Smart City applications,
Business Automation, and Cognitive platforms are developed, deployed, and
integrated daily.
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