Published on January 30th, 2019 | by Abdullah Sulehri0
JS Bank Aces ‘Best Digital Innovation Award’
JS Bank is one of the leading banking institutions in Pakistan. Proving Pakistan is at par with the world technologically, JS Bank has been shortlisted for the GSMA Global Mobile Awards (GLOMO Awards) in the “Best Mobile Innovation for Payment and Fintech” category for its Digital Policing Initiative.
The GLOMO is a prestigious body which identifies and awards innovative companies in the telecommunication industry. It is based in Spain and has 42 awards which are distributed among 10 major categories. Their primary objective is to recognize the innovations in telecommunication technology. Keeping the focus on making connectivity easier and making positive social contributions, JS Bank has introduced a digital policing initiative in partnership with Islamabad Traffic Police. The solution presented by Bank offers a suite of services in six different categories including.
“Digital traffic violation challan issuance”
“Fee payments through mobile wallets”
“Document management system”
“Live monitoring of police official’s deployment”
“Heat maps of traffic violations”
“Live reconciliation of accounts”
This will help Police as well as citizens and can reduce the number of violations in long-term. It will also help Traffic Police in the deployment of staff in a more effective way. The payment of challan is the most cumbersome part of the whole process. This initiative will make challan payments easier for the citizens and will definitely reduce lead time of the payment. Reduction in red tape will save time and will definitely save cost in many ways.
Commenting on the achievement Noman Azhar, Head of Branchless Banking & Digital Implementation- JS Bank said that, “It is an honor to have been shortlisted for this prestigious award. JS Bank is the only Pakistani bank to have made it to the top 5 in any category this year. At JS Bank, we strive to be pioneers in digital technology which improves the lives of our fellow citizens. This achievement will further JS Bank’s commitment towards technological innovation and public facilitation.”
John Hoffman, CEO, GSMA Ltd, said: “The GLOMOs provide a world stage on which to celebrate the most inspirational and innovative developments across our industry, recognizing the companies and individuals leading the way in everything from 5G, to emerging markets, to intelligent connectivity.”
This award is a great achievement and honor for JS Bank and will motivate it to make greater contributions towards technology in order to serve its customers better. JS Bank is now competing with multinationals which itself is an achievement. It shows Banks’s firm commitment towards the provision of best services to its customers.
The Bank will be competing with multinational entities and it is a great achievement to have made it this far. JS Bank remains committed to providing unsurpassed services and offerings to its customers.
About JS Bank:
JS Bank is one of the fastest growing banks in Pakistan, with 345 branches in 172 cities. The Bank also has an international presence and is a leading player in the digital banking space. JS Bank has received the prestigious award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards 2017. The Bank is part of JS Group, one of the Pakistan’s most diversified and progressive financial services group. For more information, please visit http://www.jsbl.com.
About the GSMA:
The GSMA represents the interests of mobile operators worldwide, uniting more than 750 operators with over 350 companies in the broader mobile ecosystem, including handset and device makers, software companies, equipment providers and internet companies, as well as organizations in adjacent industry sectors. The GSMA also produces industry-leading events such as Mobile World Congress, Mobile World Congress Shanghai, Mobile World Congress Americas and the Mobile 360 Series of conferences.