Bank Alfalah Ltd., owned by the Dhabi Group, signed a contract with TPS for Bank Alfalah’s remote banking and alternate distribution program worldwide. This contract is for a full scale solution, covering the ATM switch, integrated channel manager, real-time ATM network monitoring as well as real-time reporting applications. Bank Alfalah has been ranked as the fifth largest financial institution in Pakistan within a short span of ten years of operations. To this date, the Bank has become the leader in credit card brands and has delivered innovative consumer products by redefining market dynamics.
Bank Alfalah, being a full service premier financial institution, offering a complete spectrum of banking facilities to its customers, recently embarked upon an aggressive large-scale expansion of its operations worldwide. The Bank needed a tried & tested technology partner, for successfully developing and managing its integrated financial delivery architecture. TPS, serving a customer base of over 100 FIs in 26 countries and having a domain expertise of over a decade, became its first preference.
Signing the global contract for Bank Alfalah’s complete alternate delivery channel program is a true testimony to the trust placed on TPS, and reliability in its mature products & services.
TPS has been the e-banking strategy & technology partner of Bank Alfalah for over 6 years, effectively executing its e-banking projects with a 100% success rate. With this agreement, TPS will now provide support for Bank Alfalah’s international growth as the Bank extends its business across the globe. “We look forward to a long-term & strategic technology relationship with TPS.” Nadeem Ul Haq, Group Head Operations – Bank Alfalah.
At present, the Bank has 282 branches across 117 cities in Pakistan including eight foreign branches across Afghanistan, Bangladesh and Bahrain. Bank Alfalah is the market leader with the largest number of over 0.5 million VISA credit and approximately 165,000 VISA Debit cards, satisfying a much larger customer base in comparison to any other card issuer in the country.
