Faysal Bank Ltd. and National Institutional Facilitation Technologies (Pvt.) Ltd. (NIFT) has agreed on a digital collaboration roadmap starting with the Digitization of Cheque Deposits, a significant step towards paperless banking. Both entities will be joining hands to offer customers a secure, convenient, and digital alternative to traditional paper-based cheques.
This planned initiative of digital cheque deposits, powered by NIFT, will empower Faysal Bank customers to digitize paper cheques via Faysal Bank’s mobile app providing customers with faster processing times, and an improved experience.
Commenting on the occasion, Amin ur Rahman, Chief Digital Officer of Faysal Bank stated,
Mr. Javed Edhi, CEO of NIFT, also shared his excitement about the collaboration, stating,
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