BankIslami Launches AI-Powered Consumer Finance Origination System

BankIslami, one of Pakistan's fastest-growing Islamic banks, has introduced an in-house & AI-powered Consumer Finance Origination System designed to digitise the Bank's credit underwriting process.

Key points

• Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
• Add as a preferredSource on Google Follow on Google News Join WhatsApp.
• The launch adds to BankIslami's growing portfolio of digital and operational transformation initiatives.
• "This system is built to meet the standard of service our customers expect from us, " he continued.

In practice, the platform 'TezRaftar' brings the Bank's complete consumer portfolio, including Auto, Home, Personal Financing and Administration Schemes, onto a single digital workflow, with a standardised underwriting framework applied consistently throughout every branch.

In practice, the launch ceremony was held at the Bank's headquarters in Karachi and was attended by Rizwan Ata, President & CEO; Imran H Shaikh, Dy Chief Executive Officer; Sohail Sikandar, Chief Operations Officer; Sajjad Qureshi, Chief Risk Officer; Zulfiqar Lehri, Group Head Consumer & Channel Sales, along with senior members of the management team.

"Our mission has always been to make Shariah-Compliant banking accessible to every customer, and this system takes that mission further by giving customers a journey that is simple, fast and completely transparent, " remarked Imran H Shaikh, Dy Chief Executive Officer of BankIslami. "This system is built to meet the standard of service our customers expect from us, " he continued.

Notably, the launch adds to BankIslami's growing portfolio of digital and operational transformation initiatives. The Bank continues to expand its network and deepen its service offerings, remaining committed to its mission of Saving Humanity from Riba. Stay Connected with ProPakistani. Obtain the latest news and stories wherever you prefer. Follow on Google Discover.

For now, bankIslami Launches AI-Powered Consumer Finance Origination System remains the part of the story worth watching, and further updates are likely as more details are confirmed.