Pubali Financial institution PLC, the most important non-public business financial institution in Bangladesh, entered right into a strategic partnership with international funds resolution supplier BPC to modernise its card administration infrastructure. The settlement will see the financial institution migrate its legacy methods to BPC’s next-generation SmartVista platform, a transfer aimed toward accelerating the adoption of digital funds and strengthening monetary inclusion throughout the nation.
The partnership marks a big step in Pubali Financial institution’s digital transformation journey. With an unlimited community comprising over 500 branches, 244 sub-branches, and 32 Islamic banking home windows, the financial institution operates the nation’s largest real-time on-line banking community. By adopting SmartVista, Pubali Financial institution intends to leverage scalable, versatile know-how to ship superior worth to its prospects whereas aligning with nationwide targets for socioeconomic development.
Modernising legacy infrastructure
The migration from a legacy card platform to a modular, future-proof system is designed to reinforce the financial institution’s operational resilience and agility. The brand new platform will allow Pubali Financial institution to launch revolutionary merchandise quicker, strengthen fraud controls, and enhance the general reliability of its companies.
Ashim Kumar Roy, head of card operations at Pubali Financial institution PLC, commented on the strategic significance of the deal: “This partnership aligns with our imaginative and prescient to broaden digital transactions and our mission to ship companies of superior worth to our prospects. With BPC’s SmartVista, cardholders will take pleasure in fashionable, revolutionary card programmes and safe cost experiences throughout channels. The platform provides us the scalability to develop, the agility to launch merchandise quicker, and the compliance we have to serve Bangladesh with confidence.”
A complete funds ecosystem
The rollout of the SmartVista platform will cowl a broad spectrum of cost capabilities. This consists of the issuance of debit, credit score, Islamic, digital, and pay as you go playing cards, guaranteeing that the financial institution can cater to the various wants of its buyer base.
Safety stays a high precedence, with the combination of real-time, AI-powered fraud administration and 3D Safe ACS to reinforce authentication for card-not-present transactions. Moreover, the platform will help enhanced service provider cost acceptance for main worldwide schemes together with Visa, Mastercard, and China UnionPay, in addition to the Nationwide Cost Swap Bangladesh (NPSB). The system can be set to facilitate nationwide QR code funds, a crucial part within the push for a cashless financial system.
Past speedy operational enhancements, the adoption of SmartVista is predicted to open new avenues for collaboration throughout the wider monetary ecosystem. The platform’s use of open APIs will permit Pubali Financial institution to combine extra simply with third-party companions, increasing the footprint of its ATM, card, and QR acceptance networks.
BPC was chosen for the challenge resulting from its confirmed international experience and particular expertise throughout the Bangladeshi market, together with its readiness for localisation and full compliance with nationwide regulatory necessities.
Ruwan Bakmedeniya, regional director, South Asia at BPC, mentioned: “Pubali Financial institution’s modernisation marks an vital milestone for Bangladesh’s funds panorama. SmartVista brings a future-proven basis that helps establishments innovate whereas defending each interplay. We’re honoured to companion with Pubali Financial institution and can proceed supporting its technique with know-how that allows development, resilience and distinctive digital experiences for patrons.”
By modernising its core funds infrastructure, Pubali Financial institution is positioning itself to guide the subsequent wave of digital transaction development in Bangladesh, guaranteeing it stays aggressive in an more and more digital-first monetary panorama.
