To remain at the forefront of innovation and uphold its commitment to providing a seamless digital banking experience, Allied Bank (ABL) proudly announces its latest venture in advancing Metaverse and Web 3.0 initiatives. This initiative has been launched in collaboration with Synapsify Systems (SSL), a deep-tech R&D company, and Fasset, a UAE-based Web3 fintech platform.
Through this forward-looking partnership, ABL will enable existing and prospective customers to access a personalized virtual touchpoint in the Metaverse, allowing them to customize avatars and explore the Bank’s offerings in an immersive environment.
Strategic Signing Ceremony
The partnership agreement was signed by:
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Mr. Muhammad Zaman – Group Head, Digital Business, ABL
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Dr. Shahzor Ahmad – CEO, Synapsify Systems (SSL)
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Mr. Fahad Azeem – CEO, Fasset Pakistan (Diamond Technology Ltd.)
The ceremony was further graced by senior management including:
From Allied Bank:
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Mr. Mujahid Ali – Chief Technology & Digital Transformation
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Mr. Mohsin Mithani – Chief Digital Officer
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Mr. Zubair Sharif – Chief Banking Services Group
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Mr. Nauman ul Haq Qureshi – Chief Information Technology Group
From Fasset:
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Mr. Taimoor Shamsi
From Synapsify:
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Dr. Saifullah Awan – COO
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Mr. Muhammad Danish Ashraf – CTO
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Mr. Shehryar Ahmad Khan – Project Manager (Metaverse Engineering)
Leaders’ Remarks
Mr. Mohsin Mithani, Chief Digital Officer at ABL, remarked:
“This partnership perfectly aligns with Allied Bank’s strategic approach towards digital transformation and furthers our plans to address the growing demand of digital native customers through the continuous evolution of our offerings in Web 3.0.”
Mr. Daniel Ahmed, COO at Fasset, stated:
“Through this collaboration, Fasset reinforces its commitment to strengthen the digital financial infrastructure of burgeoning economies such as Pakistan, ushering in an era of financial inclusivity and innovation alongside our esteemed partner, Allied Bank.”
About the Organizations
About Allied Bank:
Allied Bank is one of Pakistan’s leading financial institutions, operating a network of over 1,453 branches and 1,500+ ATMs, offering innovative, tech-driven banking solutions to a diverse customer base.
About Synapsify:
Synapsify Systems is a deep-tech consulting company offering advanced R&D services. Their previous projects include the development of asset-backed tokens on Hyperledger Fabric and research into decentralized internet and AI systems.
About Fasset:
Fasset Technology aims to build a financially inclusive ecosystem by enabling broad access to digital financial services. Through Web3 innovation, Fasset envisions a sustainable and accessible future for banking and finance.