Faysal Bank Eyes on Growth through Automation - Press Release issued by Faysal Bank Limited.

Karachi -- January 19, 2023 (PPI-OT)

Following is the text of press release issued by Faysal Bank Limited

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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...