truID and Askari Bank Partner to Revolutionize Digital Onboarding with Advanced Biometric Verification
We are thrilled to announce a pivotal collaboration with Askari Bank, aimed at revolutionizing the way customers are verified and onboarded. A signing ceremony was held at the National Science and Technology Park (NSTP) marking the official launch of this exciting partnership.
This collaboration brings together truID's cutting-edge remote identity verification technology and Askari Bank's commitment to providing exceptional digital banking experiences. It utilizes touchless biometrics and a user-friendly digital onboarding app to streamline the customer journey and enhance security.
The ceremony was graced by prominent figures from both sides. Dr. Rizwan Riaz, Pro Rector RIC-NUST, and Mr. Emmad Ahsan, Vice President NSTP, served as the chief guests. Other notable attendees included Dr. Muhammad Ajmal Khan (Principal SEECS), Dr. Abid Rafique (CEO, truID), Mr. Ali Naqvi (Chief Digital Officer, Askari Bank), Mr. Jawad Khalid Mirza (Chief Information Security Officer, Askari Bank), and Mr. Rashid Zaman Khan (Chief Information Technology Officer, Askari Bank). The official signing of the contract was carried out by the Chief Digital Officer of Askari Bank and the CEO of truID. This partnership holds significant meaning for both parties. Askari Bank's Center of Excellence for Research and Innovation – The Digital Innovation Lab, housed within the NSTP – fosters a perfect environment for collaboration. As a leading Pakistani commercial bank, Askari Bank is committed to providing cutting-edge financial solutions. truID's technology aligns perfectly with this vision.
The integration of TruID’s touchless biometric verification system with Askari Bank’s existing digital infrastructure is designed to be simple and hassle-free. It will cause minimal disruption to current operations while improving the benefits of the new technology. The digital onboarding app is user-friendly and comparable with various devices. This makes it accessible to a wide range of audiences. Cyber threats continue to increase in this era. This collaboration enhances these security measures through advanced encryption and multi-factor authentication. It adds an extra layer of security to protect customers' sensitive information. It lowers the risk of identity theft and fraud. Customers will have peace of mind when using digital banking services.
Together, truID and Askari Bank have already achieved a remarkable milestone, successfully verifying over 1 million customers. This achievement signifies the immense potential this collaboration holds for the future of digital banking in Pakistan. Looking ahead, this partnership serves not only to enhance individual banking experiences but also underscores the importance of innovation and collaboration in driving the digital transformation of the entire financial sector. We at truID are confident that this collaboration will pave the way for a more secure, efficient, and user-friendly banking experience for Askari Bank's customers. Stay tuned for further updates!