Faysal Bank (FBL), one of Pakistan\u2019s premier Islamic banks, has partnered with DataCheck, forming the industry\u2019s first collaboration for \u201cHosted Decision Engine,\u201d licensed by Qarar. Through this initiative, the Bank aims to enhance process efficiency in the consumer digital lending space through advanced credit-scoring techniques for the enablement of instant decision-making.<\/p>\n
The signing ceremony took place at Faysal Bank Head Office, attended by Mr. Yousaf, President and CEO of Faysal Bank; Mr. Raheel Ijaz- Chief Operating Officer of Faysal Bank; Mr. Tariq Jan-CEO DataCheck; Mr. Zaid Kamhawi-CEO Qarar, along with other senior management representatives from Faysal Bank, DataCheck and Qarar.<\/p>\n
Speaking at the occasion, Mr. Yousaf Hussain, President & CEO of FBL, said, \u201cWe feel privileged to collaborate with DataCheck and Qarar for this pioneering initiative. By harnessing the collective strength of our industry peers, we aim to deliver superior customer experiences, leveraging the latest advancements in \u2018Automated Credit Decisioning\u2019 technology. At Faysal Bank, we strive to offer an inclusive and dynamic Banking experience. We are optimistic that this collaboration will play a key role in expanding the digital lending ecosystem in Pakistan.\u201d<\/p>\n
Reiterating the importance of data-driven decision-making, Tariq Jan, CEO of DataCheck, said, \u201cWe are delighted to partner with Qarar to host a much-needed credit decisioning solution for the industry, with Faysal Bank being the first to go. It has immense value for the lender since DataCheck and Qarar\u2019s teams manage the end-to-end solution, enabling automated decisions for Faysal Bank\u2019s customers.\u201d<\/p>\n
Commending the efforts of Faysal Bank, Zaid Kamhawi, CEO of Qarar, said, \u201cWe\u2019re excited to welcome and onboard Faysal Bank as our first hosted-decisioning customer in Pakistan. Qarar\u2019s proven expertise and deployment of DecisionSmart in other markets has created a robust platform whereby our hosted solutions can quickly and easily streamline the credit lifecycle, and we look forward to creating a success story with Faysal Bank as our esteemed partner.\u201d<\/p>\n
Faysal Bank stands dedicated to fostering a digitally empowered and accessible financial environment. \u2018Automated Credit Decisioning,\u2019 powered by sophisticated algorithms and data analysis, is set to redefine the speed and accuracy of the traditional lending model, thereby expediting the approval process for customers while maintaining stringent risk management protocols.<\/p>\n","protected":false},"excerpt":{"rendered":"
Faysal Bank (FBL), one of Pakistan\u2019s premier Islamic banks, has partnered with DataCheck, forming the industry\u2019s first collaboration for \u201cHosted Decision Engine,\u201d licensed by Qarar. Through this initiative, the Bank … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":55,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[23],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t