Islamabad, Dec 4: MCB Bank Limited (MCB), one of Pakistan’s top banks, has partnered with BPC, a global leader in payment technology, to implement the SmartVista Fraud Risk Management Solution, designed to enhance security for its digital banking platforms.
Partnership Highlights
- Compliance with Regulatory Directives:
MCB’s move aligns with the State Bank of Pakistan’s 2023 mandate, which requires banks to establish centralized fraud management systems capable of real-time fraud detection using AI and machine learning. - State-of-the-Art Fraud Prevention:
The SmartVista solution offers real-time monitoring, advanced behavioral analysis, and detailed link analysis to identify and counteract fraudulent activities effectively. - Improved Digital Security:
The system uses rule-based and AI-driven models to continuously evolve and respond to new fraud trends, ensuring MCB delivers secure digital banking services.
Comments from Leadership
- MCB President Shoaib Mumtaz:
“Ensuring the safety of our customers and their financial data is our top priority. This innovative solution enhances our ability to prevent fraud in real-time, ensuring a secure banking experience while driving digital transformation.” - BPC Managing Director for Pakistan, Furrukh Ali Baig:
“Our SmartVista platform empowers MCB to proactively address emerging fraud risks while supporting secure and innovative digital payment solutions.”
About MCB Bank
With over 1,450 branches and ATMs in Pakistan and 11 international branches, MCB serves more than 8 million customers globally, offering 24/7 access to cutting-edge digital banking.
About BPC
BPC is a global payments technology company serving 450 clients in 120 countries. Its SmartVista suite provides advanced solutions for banking, payments processing, fraud management, and more, tailored to meet the demands of the digital age.
This partnership underscores MCB’s dedication to enhancing digital security and fostering customer trust through innovative technology.
