National Bank of Pakistan modernizes Pool Management with Codebase Technologies

July 23, 2020 - NBP holds roughly $17.2 billion in assets, and this upgrade will allow the bank to develop better deposit products and have greater insights into their customer portfolio.
 
The latest version of Digibanc™ PoolSmart brings a modern technology stack coupled with highly customization data driven models. It is a comprehensive profit distribution and management solution that allows institutions to manage multi-currency and segment pools whilst enabling real time Sharia’a compliant depositor rate calculations. The solution complies with all the local and international Sharia’a and regulatory standards.
 
Islamic banking industry in Pakistan has witnessed an impressive growth recently with its assets reaching 12.9% of banking sector and deposits accounting for 14.8% of the total banking industry deposits. With the Islamic sector growing rapidly, more banking organizations require a robust and digital alternative to manage integrity within their profit distribution and management services.