This agreement will improve FBL home remittances customers’ experience through instant fund transfers with end-to-end tracing and tracking solutions which is available currently in global and some GCC markets including UAE and Saudi Arabia.
FBL Head Corporate and Investment Banking, Ali Waqar said: “In line with our vision for excellence in all that we do, we are delighted to join Ripple and access the fast-growing network that connects its members and other financial institutions. It is coherent with Faysal Bank Limited (FBL) strategy to offer cutting-edge solutions which mutually benefits both the bank and our esteemed clients.”
“This announcement represents FBL commitment to adopt the latest innovative solutions and reflects our ability to transform FBL to digital bank with world class services and solutions. Dato’ Arif Siddiqui, Chief Digital Officer, FBL added.-PR