SINGAPORE – 25 November 2019 – Fern Software, a leading provider of banking software for inclusive financial institutions worldwide, is proud to announce the official launch of the National FinTech Lab Accelerator Program on the Pakistan National Investor Portal (PNIP).
What is the National FinTech Lab Accelerator Program?
The National FinTech Lab (NFL) Accelerator Program is a collaboration between National Bank of Pakistan (NBP), Trioca Ventures and Fern Software APMEA designed to provide FinTech startups in Pakistan and beyond with the support and mentorship they need to bring their financial solutions to the Pakistan market from idea to launch.
During the 15-week program, shortlisted FinTech startups will have the opportunity to collaborate, learn and tap into the vast experience of program mentors from various FinTech practitioners and financial services industries.
Shortlisted FinTech startups will have the chance to develop a working proof-of-concept of their financial solution integrated real-time with Fern Software’s flagship agile core banking system, Abacus, as they will be provided with full access to a cloud implementation together with Fern Software’s full suite of APIs, documentation and support.
Creating a positive social impact for the people of Pakistan
Fern Software believes that the NFL Accelerator Program will enable financial institutions in Pakistan to see and try first-hand the benefit that agile technology solutions can bring to them – moving beyond their existing inflexible and outdated platforms and exploring new ways of launching customer-centric financial products while increasing their outreach and cost-effectiveness.
“Having visited Pakistan many times in recent years, I am keenly aware of the potential for achieving lasting positive social impact by increasing financial inclusion, and of the currently under-recognised talent in the technology workforce. I was therefore very excited by the potential of the FinTech Accelerator program designed by Trioco Ventures, and delighted to have been invited to be a key partner in this program” said Ms. Debbie Watkins, Managing Director of Fern Software APMEA.
“The NFL program can play a catalytic role in helping State Bank of Pakistan achieve their financial inclusion agenda and transform the lives of millions of people who struggle to access basis necessities of life due to lack of access to finance” said Mr. Omer J. Ghani, CEO of Trioca Ventures.
“We partnered with National Bank as it has a national outreach along with a development agenda. Therefore transforming National Bank can have a huge multiplier effect in helping the Government of Pakistan to achieve its poverty reduction targets” added Mr. Ghani.
“These are exciting times for National Bank of Pakistan and we are extremely excited to partner with Trioca Ventures and Fern Software APMEA to support us in improving our processes and delivery channels to improve our customers experience across a range of use cases and ultimately NBP’s performance” said Mr. Arif Usman, President of National Bank of Pakistan.
To learn more about Pakistan National Investor Portal and get your free registration, please visit www.pnip.com.pk.
Media Enquiry Contact
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About Fern Software
Fern Software designs and develops open banking software with an extensive API library to enable a wide range of complementary solutions. We have clients in 30+ countries with more than 300 installations worldwide, providing saving and lending solutions to over 3 million accounts. With offices in Australia, Canada, India, Ireland, Singapore and the UK, we also have a network of regional resellers in Botswana, Ethiopia, Kenya, Myanmar, Nigeria, Pakistan, Tanzania, Tunisia and Vietnam.
We believe that clever but uncomplicated technology has the potential to be a key disruptive force in the future of society. Financial inclusion means access for all to responsibly-priced, accessible financial services – not only for enterprise promotion and economic development, but also poverty alleviation. It’s about making the world work better.