By Ajk Prime Minister Tahir Amin
ISLAMABAD: The Bank of Azad Jammu and Kashmir (BAJK), on Friday, signed a contract agreement with Malaysia-based global technology consortium Silverlake to implement a state-of-the-art 鈥淐ore Banking System (CBS)鈥 envisaging digital transformation, enhance efficiency, improve customer experience, and enable the rollout of innovative digital services.
The contract-signing ceremony, held here on Friday was attended among others by AJK Prime Minister Azad Kashmir Chaudhry Anwarul Haq, senior officials from BAJK and the Consortium partners, government representatives and key stakeholders from the financial and technology sectors marking a pivotal moment in the financial modernisation of the region.
The major technology upgrade is set to replace BAJK鈥檚 legacy systems with a modern, centralised, and real-time banking platform. The new CBS will integrate all of the bank鈥檚 operations, enhance efficiency, improve customer experience, and enable the rollout of innovative digital services. The CBS project will be