[Jan 12, 2021] FINCA Microfinance Bank, one of the leading microfinance banks of Pakistan, is now live with BenchMatrix’s RiskNucleus® Governance Risk & Compliance (GRC) solution with the aim to digitize bank’s operations leading to efficiency in the processes.
Under the agreement, the first phase of implementation will automate areas of regulatory compliance, observations, compliance risk assessment and key indicators.
“FINCA Microfinance Bank Pakistan has opted for BenchMatrix’s RiskNucleus® Compliance Management Solutions to digitize bank’s operations leading to efficiency in the processes. This is one of the many steps organization endeavours to take in 2021 and beyond to further increase in bank’s operational efficiency” said Shahid Hosain Kazi, Acting CEO FINCA Microfinance Bank Pakistan.
FINCA Pakistan, part of a global FINCA network, is a forward looking bank that operates in 108 cities across Pakistan. It provides state-of-the-art deposit and payment solutions including micro-credit facilities aimed at improving livelihoods in the country.
FINCA Microfinance Bank Ltd is a licensed deposit-taking microfinance bank regulated by the State Bank of Pakistan.
BenchMatrix is a leading advisory services and automated Governance, Risk & Compliance (GRC) technology provider with a focus on developing practical and effective solutions for organizations. The team has several full cycle implementation experiences in multinational organizations with success stories in France, Romania, Canada, Malta, Turkey, Bahrain, Qatar, Saudi Arabia, UAE, Kuwait, Pakistan, Algeria, and Tunisia.