UBL & AUTON8 Successfully Complete Core Banking Data Migration for 105 Ex‑Silk Bank Branches
United Bank Limited (UBL) has successfully completed a large-scale core banking data migration with AUTON8 in six months, transitioning data from Ex-Silkbank’s Temenos T24 core banking system to UBL’s Symbols platform.
Mehfooz
Bestway Group – UBL Donate Rs.550 million to LUMS
The Lahore University of Management Sciences (LUMS) hosted The Lord Choudrey CBE SI Pk, Chairman Bestway Group and Muhammad Jawaid Iqbal President & CEO United Bank Limited (UBL).
Adil Aziz
Jubilee Life and UBL jointly launch Jubilee Traditional Endowment Products
Jubilee Life Insurance Company Limited (JLI), Pakistan’s largest private sector insurer, and United Bank Limited (UBL), one of the country’s largest financial institutions, have entered into a strategic partnership to launch innovative insurance solutions aimed at delivering greater financial security and long-term value to customers.
President order to black listed bank fraudsters, directs banks returns amount to victims
President Dr Arif Alvi has asked the Banking Mohtasib to take up the matter of banking frauds with the State Bank of Pakistan (SBP) to get the essential standard operating procedures (SOPs) issued, so that the proven fraudulent personnel’s CNICs could be blacklisted, placed at the central negative list, besides ensuring that no banking/financial facility could be extended to them by the banking industry.
Editor
SBP imposes penalty of over Rs.83 Million on 4 banks
State Bank of Pakistan imposed fines of over Rs.83.157 million on four commercial banks during July- September 2023 on the charges of violation of regulatory instructions pertaining to foreign exchange, general banking operations and customers’ due diligence.
UK investors show keen interest in Pakistan’s capital market
The investors of the United Kingdom’s capital and financial market in a meeting with Caretaker Prime Minister Anwaar-ul-Haq Kakar expressed their keen interest in exploring investment opportunities in Pakistan. The leaders of the notable investment firms who met the prime minister in London included Fidelity International Limited (FIL), Wellington Management, Ashmore, Jefferies International, Redwheel Capital,…
PAFLA hosts ‘Future of Work’ conference in Karachi highlighting freelancers and digital influencers
The Pakistan Freelancers Association’s (PAFLA’s) “Future of Work (FoW)”: Collaborating with Freelancers, Influencers and Entrepreneurs for Success in the Digital Age” was hosted this Saturday, June 24, 2023 in Karachi. The first-of-its-kind event brought together prominent names from the digital and freelancing landscape to shed light on the prospects, opportunities, and challenges that are present…
President directs banks to refund over Rs 0.5 Million to bank fraud victims
President Dr Arif Alvi directed two private banks to refund an amount of Rs 564,469 to three victims of bank fraud in cases of online funds transfers and fraudulent ATM transactions. The President gave these directions while deciding on three separate representations filed by Allied Bank Ltd (ABL), United Bank Ltd (UBL), and a citizen against…
President directs UBL to reimburse Rs 5.49 million to a defrauded customer
President Dr Arif Alvi while upholding a decision of the Banking Mohtasib, has directed the United Bank Ltd (UBL) to refund the swindled amount of Rs 5.49 million to a complainant and declared that maladministration on part of the bank had been established. The president rejected UBL’s representation against Mohtasib’s decision and held that bank had displayed…
Digitized Financial Inclusion may change fate of underprivileged: Experts
Banking the unbanked population through digitized financial inclusion may bring positive change in the lives of the underprivileged populations and the national economy. This was stated by banking leaders and financial experts while sharing their views during a panel discussion “Digital Affairs: Financial Inclusion in Pakistan” hosted by Karachi Council on Foreign Relations (KCFR) in…