Faysal Bank (FBL), a leading Islamic bank in Pakistan, has entered into a groundbreaking partnership with DataCheck to introduce the industry’s first “Hosted Decision Engine,” licensed by Qarar. This collaboration aims to optimize process efficiency in the consumer digital lending space, utilizing advanced credit-scoring techniques to enable instant decision-making.
The signing ceremony at Faysal Bank’s head office was attended by Yousaf Hussain, President and CEO of Faysal Bank, Raheel Ijaz, COO of Faysal Bank, Tariq Jan, CEO of DataCheck, Zaid Kamhawi, CEO of Qarar, and other senior management representatives. Yousaf Hussain emphasized the collaborative strength of industry peers to deliver superior customer experiences through the latest advancements in automated credit decisioning technology.
Yousaf Hussain, President & CEO, FBL, stated, “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 the expansion of the digital lending ecosystem in Pakistan.”
Tariq Jan, CEO of DataCheck, highlighted the significance of data-driven decision-making, stating, “There is immense value in it for the lender since the end-to-end solution is managed by DataCheck and Qarar’s teams, hence enabling automated decision for Faysal Bank’s customer.”
Zaid Kamhawi, CEO of Qarar, expressed excitement about Faysal Bank being the first hosted-decisioning customer in Pakistan, emphasizing Qarar’s proven expertise and the robust platform created by DecisionSmart. This collaboration is poised to streamline the credit lifecycle and contribute to the success of Faysal Bank in the evolving digital landscape.
