New core banking network deployed
Source Express Tribune 巴基斯坦论坛快报1d ago
Summary
Modernised infrastructure to shield monetary stability, ensure reliable digital banking services
Full Text
United States Charge d'Affaires Natalie Baker on Friday joined State Bank of Pakistan (SBP) Governor Jameel Ahmad and senior executives from Cisco Systems Pakistan at the central bank's head office in Karachi to mark the successful deployment of its new core banking network and software-defined data centre.
"The multimillion-dollar project, awarded to US technology company Cisco, marked a significant step towards modernising Pakistan's critical financial infrastructure," said a press release.
The project established a secure, agile and resilient software-defined data centre architecture designed to safeguard monetary stability and ensure reliable digital banking services across the country, it added.
Speaking at the deployment ceremony, Baker emphasised the importance of trusted and secure technology in supporting modern financial systems, highlighting the growing commercial ties between the United States and Pakistan.
She described the central bank's infrastructure as "a national asset that underpins economic stability and public confidence". "The State Bank of Pakistan's choice to partner with American industry demonstrates a commitment to technology quality, security, and long-term reliability," Baker said.
She added that the US valued its longstanding commercial partnership with Pakistan and stood ready to continue connecting Pakistani institutions with "world-class American innovation".
Meanwhile, Ahmad and Cisco Pakistan Country General Manager Kashif Ul-Haque praised the joint engineering effort behind the project, which involved completing a complex implementation and migration while maintaining uninterrupted central banking operations.
Full text provided by the source Express Tribune 巴基斯坦论坛快报 via RSS; copyright belongs to the original publisher.
We index headlines and summaries only. Full content and copyright remain with the original publisher — follow the source link to read it.
Open original- Desk
- World
- Region
- India
- Language
- English
- Item ID
- world-b1f0627b
Comments 0 comments
No comments yet. Be the first.