AbacusConsulting’s Digital Transformation Solutions practice wins P@SHA ICT Award for “ICT Services”
AbacusConsulting, has won a winner award at P@SHA ICT Awards 2018 in “ICT Services” category.
The award is recognition for Abacus’s ground-breaking work to digitally transform Pakistan’s largest bank, National Bank of Pakistan. The award ceremony took place on 7th September in Islamabad.
The initiative will help the largest government-owned bank to digitize its end-to-end Government to Person (G2P) and Person to Government (P2G) transactions. The platform will also enable NBP to collaborate with its various existing and potential partners such as government entities, micro-financial services (MFS) players, telecom companies, financial networks, and FinTechs. Through this development, the bank will play a major role in promoting financial inclusion in Pakistan and will also act as a catalyst to enable other players to embrace the digital age.
Commenting on the achievement, Mr. Abbas Ali Khan, Managing Director, “AbacusConsulting said, there are great opportunities for the financial services and other sectors in leveraging emerging technologies such as API Management and AI to digitize and improve service and product delivery. To benefit from this technology, however, an innovative mindset is required”. “The P@SHA ICT Award for digitizing NBP is an esteemed achievement for us and we are thankful to P@SHA for recognizing our efforts to empower Pakistan for participation in the digital economy”, he added.
AbacusConsulting’s Digital Transformation Solutions practice implemented Apigee API management platform at NBP and the project is funded by Karandaaz Pakistan.
While remarking on the collaboration of NBP and Karandaaz Mr. Khan stated, “we congratulate Karandaaz and NBP for this visionary initiative and are proud to have been technology partners with them. We hope to see this effort make a big contribution to the industry’s strategic goal of achieving pervasive financial inclusion in Pakistan”.