{"id":380299,"date":"2024-01-12T09:17:51","date_gmt":"2024-01-12T04:17:51","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=380299"},"modified":"2024-01-12T09:17:51","modified_gmt":"2024-01-12T04:17:51","slug":"faysal-bank-joins-forces-for-state-of-the-art-consumer-credit-decision-engine","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/faysal-bank-joins-forces-for-state-of-the-art-consumer-credit-decision-engine\/","title":{"rendered":"Faysal Bank Joins Forces for State-of-the-Art Consumer-Credit Decision Engine"},"content":{"rendered":"<p>KARACHI: Faysal Bank (FBL) one of the premier Islamic banks in Pakistan has partnered with DataCheck; forming the industry\u2019s first collaboration for \u201cHosted Decision Engine\u201d, licensed by Qarar. Through this initiative the Bank aims to enhance process efficiency in the consumer digital lending space through advanced credit-scoring techniques, for the enablement of instant decision-making. The signing ceremony took place at Faysal Bank Head Office, attended by Mr. Yousaf Hussain-President and CEO Faysal Bank, Mr. Raheel Ijaz- Chief Operating Officer Faysal Bank, Mr. Tariq Jan-CEO DataCheck, Mr. Zaid Kamhawi-CEO Qarar, along with other senior management representatives from Faysal Bank, DataCheck and Qarar. DNA<br \/>\nSpeaking at the occasion, Mr. Yousaf Hussain, President &#038; CEO, FBL said, \u201cWe feel privileged to collaborate with DataCheck and Qarar for this pioneering initiative. By harnessing the collective strength of our industry peers, we aim to deliver superior customer experiences, leveraging the latest advancements in \u2018Automated Credit Decisioning\u2019 technology.<br \/>\nAt 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.\u201d<br \/>\nReiterating the importance of data driven decision making, Tariq Jan, CEO, DataCheck said, \u201cWe are delighted to partner with Qarar to host a much-needed credit decisioning solution for the industry, with Faysal Bank being the first to go. There is immense value in it for the lender since the end-to-end solution is managed by DataCheck and Qarar\u2019s teams, hence enabling automated decision for Faysal Bank\u2019s customer.\u201d<br \/>\nCommending the efforts of Faysal Bank, Zaid Kamhawi, CEO, Qarar said, \u201cWe\u2019re excited to welcome and onboard Faysal Bank as our first hosted-decisioning customer in Pakistan. Qarar\u2019s proven expertise and deployment of DecisionSmart in other markets has created a robust platform whereby our hosted solutions can quickly and easily streamline the credit lifecycle and we look forward to creating a success story with Faysal Bank as our esteemed partner.\u201d<br \/>\nFaysal Bank stands dedicated to fostering a digitally empowered and accessible financial environment. \u2018Automated Credit Decisioning,\u2019 powered by sophisticated algorithms and data analysis, is set to redefine the speed and accuracy of the traditional lending model, thereby expediting the approval process for customers while maintaining stringent risk management protocols.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: Faysal Bank (FBL) one of the premier Islamic banks in Pakistan has partnered with DataCheck; forming the industry\u2019s first collaboration for \u201cHosted Decision Engine\u201d, licensed by Qarar. Through this initiative the Bank aims to enhance process efficiency in the consumer digital lending space through advanced credit-scoring techniques, for the enablement of instant decision-making. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-380299","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Faysal Bank Joins Forces for State-of-the-Art Consumer-Credit Decision Engine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/faysal-bank-joins-forces-for-state-of-the-art-consumer-credit-decision-engine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Faysal Bank Joins Forces for State-of-the-Art Consumer-Credit Decision Engine\" \/>\n<meta property=\"og:description\" content=\"KARACHI: Faysal Bank (FBL) one of the premier Islamic banks in Pakistan has partnered with DataCheck; forming the industry\u2019s first collaboration for \u201cHosted Decision Engine\u201d, licensed by Qarar. Through this initiative the Bank aims to enhance process efficiency in the consumer digital lending space through advanced credit-scoring techniques, for the enablement of instant decision-making. 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