Wateen Telecom and Bank of Punjab Partner to Establish an AI Factory for Banking Sector Innovation

Wateen Telecom has announced a strategic partnership with The Bank of Punjab (BOP) to jointly establish an Artificial Intelligence (AI) Factory, aimed at accelerating digital transformation and AI-driven innovation within Pakistan’s banking industry. The agreement was signed by Mr. Adil Rashid, CEO, Wateen, and Mr. Faisal Ejaz Khan, Chief Information Officer, The Bank of Punjab. The signing ceremony was attended by prominent figures from both the companies. The collaboration reflects a shared vision to build future-ready AI ecosystems that enhance operational efficiency, customer engagement, and secure digital infrastructure across the financial sector. By combining Wateen’s expertise in digital infrastructure with BOP’s commitment to customer-centric banking, the AI Factory will serve as a catalyst for intelligent automation and innovation-led growth. The initiative will focus on designing scalable, secure, and intelligent digital frameworks tailored to meet the evolving needs of modern banking. These systems are expected to support real-time decision-making, improve risk management, and deliver personalized customer experiences, thereby strengthening public trust and confidence in the banking system. The AI Factory represents a long-term commitment to supporting Pakistan’s financial ecosystem through technology, aligning with national ambitions for digital growth and economic development.