Mobilink Microfinance Bank Limited Joins Hands with Avanza Solutions to Launch DOST Corporate Portal - Press Release issued by Mobilink Microfinance Bank Limited.

Islamabad -- February 02, 2023 (PPI-OT)

Following is the text of press release issued by Mobilink Microfinance Bank Limited (MMBL)

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Mobilink Microfinance Bank Limited (MMBL) has collaborated with Avanza Solutions to develop and deploy a 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 Abubakr and 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, the DOST Corporate Portal is built upon the foundations of Avanza's 'Ambit Enterprise Banking Platform' - a next-generation banking platform, facilitating MMBL to deliver corporate 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 allows unified tracking 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...