KARACHI, January 15, 2019: Allied Bank Limited (ABL), one of the country’s largest bank, has cardless ATM service to avoid fraud incidents. After multiple incidents of data hacking of payment card by hackers and through skimming devices, in order to more secure the payment card transactions, Allied bank has completely converted its card system on…
Karachi, December 5, 2018: Financial Inclusion is at the core of Habib Bank Limited’s (HBL) business focus and HBL continuously strives to develop inclusive products for SMEs. To facilitate financial inclusion and capacity building, HBL has partnered with Muller & Phipps to offer first of its kind working capital financing solution. Through this initiative, pharmaceutical…
Karachi, December 5, 2018: United Bank Limited (UBL), one of the leading banks in Pakistan with a customer base of over 4 million, went live with Oracle Cloud Applications to deliver a virtually seamless experience across listening, engagement, community management and analysis of bank’s social media efforts, with the project going live within 3 weeks. With…
KARACHI, November 26, 2018: BankIslami on Monday announced that its payment system has been successfully restored and running absolutely secured. https://thebizupdate.com/hackers-steal-6-million-from-bankislami-pakistan-accounts/ The card data of BankIslami was hacked by international hackers and some PKR 2.1 million were withdrawn in different countries by using this data. The management of the bank said that all of the Bank’s…
′Karachi, Nov 6, 2018: The State Bank of Pakistan (SBP) Tuesday denied reports of data hacking of the banks. “It has been noted with concern news items reporting that the data of most banks has been hacked. SBP categorically rejects such reports. There is no evidence to this effect nor has this information been provided…