MMBL teams up with Avanza Solutions to launch DOST Corporate Portal

Mobilink Microfinance Bank Limited (MMBL) has partnered 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 drive to optimize operations and explore more technical capabilities to ultimately meet the growing banking and finance needs of various business segments.

Mobilink Microfinance Bank is part of the VEON group, a global digital operator providing converged connectivity and online services in 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 in countries where more than 8% of the world’s population live.

Chief Operating Officer, MMBL, Sardar Mohammad Abubakr and Chief Executive Officer, Avanza Solutions, Omer Ahmed Khan signed the agreement earlier this week in Islamabad along with senior leadership from both organizations at MMBL headquarters. Through this partnership, the DOST Corporate Portal is built on the foundations of Avanza’s ‘Ambit Enterprise Banking Platform’ – a next-generation banking platform that enables MMBL to deliver corporate internet banking and payment services to its customers in a secure, cost-effective, and personalized way. way.

Avanza’s Ambit Suite for 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 business solution combines the power of digital mobile banking and corporate internet banking, enabling MMBL to perform multiple simultaneous payment and transaction operations, ideal for payroll and payroll administration. The 360-degree dashboard enables uniform tracking of all transactions and their reconciliation for efficient service delivery. The DOST Corporate Portal is designed to help SMEs operate more smoothly and seamlessly.

Sharing his thoughts at the signing ceremony, Chief Operating Officer MMBL, Sardar Abubakr said,

“I am grateful to Avanza for its expertise and support in developing this efficient corporate banking solution that will enable us to serve our corporate clients with greater control and efficiency. Our focus on empowering SMBs continues to grow as we prepare to deploy this convenient solution for their operational convenience. I look forward to working closely with the Avanza team to monitor and improve the functionality of the DOST Corporate Portal.”

Chief Executive Officer, Avanza Solutions, Omer Ahmed Khan also said of the partnership, “We are delighted to join hands with MMBL and support its quest to provide superior financial services to the people of Pakistan. Over the past two decades, Avanza has built a huge portfolio of customers and products on a global scale. Our work to digitize the banking sector is positively impacting countless clients in Pakistan and around the world, while fostering an environment of rapid growth across the board.”

MMBL is revolutionizing the digital banking ecosystem with its wide range of customized products and services, seamlessly integrated into the daily lives of its customers. Continuing the journey of inclusive economic growth and development, the bank, through its strategic partners, is focusing on accelerating digital adoption by offering innovative financial solutions such as digital wallets and microfinance to narrow the digital and economic divide in Pakistan.

Since 2000, Avanza Solutions has enabled organizations around the world to adopt digital transformation through next-generation and hi-tech innovative digital platforms and services. Superior and constantly evolving, Avanza serves as a digital hub of innovation and digitization where technologies such as Customer Experience, Artificial Intelligence, Blockchain, Channel Banking, Smart City applications, Business Automation and Cognitive platforms are developed, deployed and integrated on a daily basis.

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