Allied Bank Limited (ABL) has recently launched an online internet banking portal for corporate and commercial customers, which offers an array of diverse banking transactions. An agreement signing ceremony between Allied Bank and DG Cement was held on 06th July at Allied Bank Head Office, Lahore, for utilization of Business Internet Banking.
The ceremony was attended by senior executives of both organizations including Sohail Aziz Awan, Chief Digital Banking ABL; Mujahid Ali, Chief Information Technology ABL and Inayat Ullah Niazi, Chief Financial Officer, DG Cement along with team members. The agreement was signed by Faisal Nadeem Siddiqui, GH-Digital Banking Allied Bank and Inayat Ullah Niazi, CFO DG Cement.
Business Internet Banking is a dynamic solution which offers various features including different transactions with individual limits, multiple transaction approval levels, informative dashboards, real time account balances, and credit lines availability view for customers etc. Business entities can initiate specialized Trade Finance transactions (Letter of Credits (LCs), Guarantees and Export Collections), Term Deposit Issuance and Encashment, perform General Banking Transactions (Funds Transfers, Bill Payments, Bankers Cheque Printing etc.) & can do Cash Management with Bulk Payment transactions in Allied Bank Accounts, Other Bank Accounts, Cash via Counter or via Bankers Cheques.
Enhanced security feature of Mobile Authenticator application has also been introduced for the first time in this solution whereby the user will be able to generate the Soft Token on their Mobile phone without dependency on the traditional physical hard token devices.
This strategic partnership aims to digitize the conventional banking by offering state of the art and secure platform offering convenience, accessibility and real time banking to business customers. Allied Bank, one of the largest private sector commercial bank in Pakistan with more than 1150 Branches and ATMs and D G Khan Cement Company Limited, one of the largest cement manufacturers in Pakistan, having a lead role in innovative measures and state of the art technologies. The company is part of Nishat Group, a premier business group of Pakistan.-PR