SINGAPORE – Fern Software, a leading provider of banking software for inclusive financial institutions worldwide, is proud to announce the official launch of the National FinTech Lab Accelerator Program on the Pakistan National Investor Portal (PNIP).
National FinTech Lab Accelerator Program
The National FinTech Lab (NFL) Accelerator Program is a partnership between the National Bank of Pakistan (NBP), Trioca Ventures and Fern Software APMEA, designed to provide the funding and mentorship required by FinTech startups in Pakistan and beyond to bring their financial solutions from concept to launch to the Pakistan market.
Shortlisted FinTech companies will have the ability to collaborate, learn and tap into the extensive expertise of programme mentors from different FinTech experts and sectors of financial services during the 15-week programme.
Short-listed FinTech startups will have the ability to create a working proof-of-concept of their real-time integrated financial solution with the flagship agile core banking framework of Fern Software, Abacus, as they will be granted full access to a cloud implementation along with the full suite of APIs, documentation and support of Fern Software.
Social Impact
Fern Software believes that the NFL Accelerator Program would encourage Pakistan’s financial institutions to see and try first-hand the advantage that agile technology solutions can bring to them by moving beyond their current inflexible and obsolete systems and finding new ways to launch customer-centered financial products while growing their outreach and cost-effectiveness.
Ms. Debbie Watkins, Managing Director of Fern Software APMEA said,
“Having visited Pakistan many times in recent years, I am keenly aware of the potential for achieving lasting positive social impact by increasing financial inclusion, and of the currently under recognised talent in the technology workforce.
I was therefore very excited by the potential of the FinTech Accelerator program designed by Trioco Ventures, and delighted to have been invited to be a key partner in this program”.
“The NFL program can play a catalytic role in helping State Bank of Pakistan achieve their financial inclusion agenda and transform the lives of millions of people who struggle to access basis necessities of life due to lack of access to finance” said Mr. Omer J. Ghani, CEO of Trioca Ventures.
“We partnered with National Bank as it has a national outreach along with a development agenda. Therefore transforming National Bank can have a huge multiplier effect in helping the Government of Pakistan to achieve its poverty reduction targets” added Mr. Ghani.
Mr. Arif Usman, President of National Bank of Pakistan said,
“These are exciting times for National Bank of Pakistan and we are extremely excited to partner with Trioca Ventures and Fern Software APMEA to support us in improving our processes and delivery channels to improve our customers experience across a range of use cases and ultimately NBP’s performance”.
Source: Fern Software
