Avanza’s Ambit Suite powers Digital Banking operations at Al Baraka Bank (Pakistan) Limited (ABPL)

By December 18, 2019 No Comments

Al Baraka Bank signs Avanza’s Ambit Internet Banking solution to power their Internet Banking operations and services.

The bank is working on improving and strengthening its range of digital banking services in order to deliver a fresh and delightful user experience to its customers. With the complete overhaul, the bank will be able to extend its range of services online and through mobile banking application allowing users to access their accounts and services from virtually anywhere on the go.

With the drive towards more online services going strong, Al Baraka is setting up its infrastructure to quickly deploy new systems seamlessly without impacting the rest of the operations. The bank’s aim is to minimize time to market new services, ensure service reliability, and maximize swift roll out of services directly to users.

Al Baraka is one of the top growing banks in the country with a network of over 190 branches across 90+ cities and towns in Pakistan, backed by over 2800 professionals. With assets in excess of 141 billion, Al Baraka is dedicated to delivering the shariah-compliant banking services and solutions to customers.

Al Baraka Bank Pakistan limited is part of Al Baraka Banking Group, which is licensed as an Islamic wholesale bank by the Central Bank of Bahrain and is listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. It is a leading international Islamic banking group providing its unique services in countries with a population totaling around one billion.

The Group has a wide geographical presence in the form of subsidiary banking units and representative offices in 17 countries, which in turn provide their services through over 700 branches. Al Baraka currently has a strong presence in Turkey, Jordan, Egypt, Algeria, Tunisia, Sudan, Bahrain, Pakistan, South Africa, Lebanon, Syria, Saudi Arabia and Morocco, in addition to a Digital bank in Germany, two branches in Iraq and two representative offices in Indonesia and Libya.

Avanza’s Ambit allows banks & financial organizations to deploy a robust & feature-rich internet banking platform that forms a base in creating a complete end-to-end digital banking infrastructure. Ambit is designed and built from scratch with agility, reliability, and security in mind, thereby allowing Al Baraka to offer services to users in a seamless and swift manner and enable them to roll out new services on their digital banking platform faster than ever.

Ambit 2.0 is a next-generation internet banking solution that ensures the continuous delivery of retail and corporate banking services to consumers in a cost-effective, secure, and personalized way. The Ambit suite also comes with a mobile app that boasts a super sleek interface, intuitive navigation, and elegant layouts. The Ambit mobile banking app delivers a very pleasant and elegant banking experience to modern users that expect the best mobile experience in the easiest and simplest way possible. With Ambit, Al Baraka Bank can enable users to do all the operations of internet banking and other services like paying utility bills, mobile top up and school fees etc. on the go with minimal hassle.

With Ambit’s independent architecture and multimodal design, Al Baraka will be able to greatly reduce dependencies on technology vendors and services providers by being able to manage and extend the infrastructure themselves. This will make the bank more agile when launching new services as compared to the competition that may rely on vendors.

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