BankIslami Launches AI-Powered Consumer Finance Origination System
BankIslami, one of Pakistan’s fastest-growing Islamic banks, has launched an in-house & AI-powered Consumer Finance Origination System designed to digitise … Read More The post BankIslami Launches AI-Powered Consumer Finance Origination System appeared first on ProPakistani .
BankIslami, Pakistan’s fastest-growing Islamic bank, has introduced an in-house AI-powered Consumer Finance Origination System. This system aims to digitize the bank's credit underwriting process, streamlining the financing application process for customers. The platform, named 'TezRaftar', consolidates the bank's entire consumer portfolio, including Auto, Home, Personal Financing and Government Schemes, into a single digital workflow.
A standard underwriting framework is applied uniformly across all branches. The system's launch took place at the bank’s headquarters in Karachi, attended by key management figures, including Imran H Shaikh, Dy Chief Executive Officer of BankIslami. Shaikh emphasized the mission to make Shariah-Compliant banking accessible and transparent for every customer, highlighting the system's commitment to providing a simple, fast, and clear service journey.
The AI-powered system reinforces BankIslami’s commitment to its mission of eliminating Riba in banking.
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