SBP issues ‘Security of Digital Payments’ for banks/MFB in the wake of recent cyber attacks
SBP on Wednesday issued “Security of Digital Payments’ in order to safeguard banks/MFBs and their customers from potential losses due to cyber-crimes and online banking frauds.
Japan’s Line ties up with Tencent, Mizuho; shares jump
Japanese retailers offering Line Pay services will be able to process payments from the growing numbers of Chinese tourists using Tencent’s WeChat Pay from early next year, Line said
BankIslami restores e-banking services
KARACHI:Â BankIslami on Monday announced that its payment system has been successfully restored and was running absolutely secured.
"All of the bank's services can...
Master Motors approaches MoIP, seeking assistance for PTM approval from PSM: Report
The letter stated the company needs to provide the land mortgage documents in favour of Faysal Bank against the financing sought as security
Govt mulling to appoint Arif Usmani as NBP CEO: Report
Mr Usmani has been serving at Mashreq Bank and his previous experience includes stints as global head of wholesale banking at Abu Dhabi Islamic Bank PJSC, managing director and country officer of Citibank NA Pakistan
Pakistan on course to finalize new anti-money laundering law
Under the SECP’s AML regime, the financial institutions in Pakistan are required to report suspicious transactions, currency transactions and fulfil record-keeping requirements, said Ms Habib
UBL to voluntarily wind-up its branch in New York
In July, UBL had been directed by Federal Reserve Bank of New York (FRBNY) to strengthen its anti-money laundering policies as the regulator criticized it for not doing enough to track dubious transactions
NAB yet to decide on inquiry of KASB amalgamation into BankIslami
Auditor general had framed allegations against SBP for causing a loss of Rs3.4bn through the merger
SBP says no reason to...
FIA instructs banks to bolster their cybersecurity in compliance with global standards
BankIslami admitted that a major amount had been transferred from it by the hackers based in 45 countries
KSE-100 index posts 7.8% YoY increase in profit for nine months of 2018
Profitability of KSE-100 index increased by 0.8% YoY during the third quarter of 2018
Naeemuddin Khan resigns as BoP’s president
Mr Khan took over as President of BoP in Oct 2008 when it was besieged by the threat of bankruptcy and allegations of financial misappropriation to the tune of billions of rupees
Meezan Bank bags Best Bank for 2018 award at PBA
Dubai Islamic Bank was given the award for the Best Emerging Bank in Pakistan for 2018
Naeemuddin Khan resigns from BoP, govt mulling to appoint Citi banker as next NBP president
Atif Bukhari, Nadeem Lodhi, Arif Usmani, Wajahat Hussain and Javed Kureishi were shortlisted for the post of NBP president
SBP, FIA versions differ on ‘banking fraud’
FIA Cyber Crime Wing has cautioned that security of every Pakistani bank had been compromised because many complaints from various parts of Pakistan were coming in regarding money being transferred via security breach
Top banks reassure complete safety to their customers
KARACHI:Â In light of the recent news with regard to cyber-attacks, the top banks of Pakistan have reassured complete safety of their valuable...