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Allied Bank Partners With Synapsify and Fasset For Web 3.0 Initiative

Allied Bank Partners With Synapsify and Fasset For Web 3.0 Initiative

Categories: News Updates

To remain at the forefront of innovation and uphold our commitment to providing the best digital banking experience, Allied Bank (ABL) is pleased to announce another step in the advancement of Metaverse and Web 3.0 initiatives for its customers. This initiative is made possible in collaboration with Synapsify Systems (SSL), a deep-tech R&D company, and Fasset, a UAE based Web3 fintech. The project will empower ABL customers as well as prospective customers to access a new and improved virtual touchpoint in the Metaverse, personalize their avatars whilst learning about the offerings of the Bank as well as other significant features.

The agreement was signed by Mr. Muhammad Zaman, Group Head of Digital Business at ABL, Dr. Shahzor Ahmad, CEO of SSL and Mr. Fahad Azeem, CEO of Fasset Pakistan (Diamond Technology Limited). The signing ceremony was attended by senior management representatives from all parties, including  Mr. Mujahid Ali – Chief Technology & Digital Transformation, Mr. Mohsin Mithani – Chief Digital Officer, Mr. Zubair Sharif – Chief Banking Services Group and Mr. Nauman ul Haq Qureshi – Chief Information Technology Group from ABL’s side. From Fasset, Mr. Taimoor Shamsi was also present. SSL was represented by the COO, Dr. Saifullah Awan, the CTO, Mr. Muhammad Danish Ashraf, and Project Manager (Metaverse Engineering), Mr. Shehryar Ahmad Khan.

Mr. Mohsin Mithani, Chief Digital Officer – ABL, commented on the occasion, “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, Chief Operating Officer at Fasset commented, “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 ABL

ABL is one of the leading banks in Pakistan having a large network of over 1453  branches & 1500+ ATMs in Pakistan and offers various technology-based products and services to its diverse clientele.

About Synapsify

Synapsify is a technology consulting company providing cutting-edge deep-tech software and hardware R&D services to a global clientele. They have previously undertaken software development for an asset-backed token on the Hyperledger fabric, as well as design documentation for decentralized internet and decentralized AI.

About Fasset

Fasset Technology, aims to build an inclusive financial ecosystem, enabling accessibility of digital financial services for all to shape a brighter future. Driven by the vision of financial sustainability, Fasset is committed to redefining the future of banking through innovative solutions and Web3 advancement.

This site is registered on as a development site.