MCB Bank partners with BPC to enhance digital security

MCB Bank Limited (MCB) has partnered with BPC to enhance its digital security through the implementation of BPC’s SmartVista Fraud Risk Management Solution.

This development comes in line with the State Bank of Pakistan’s (SBP) directive to strengthen digital banking products and services’ security.

SmartVista Fraud Risk Management Solution

SmartVista is an AI-powered payment solution that provides real-time monitoring and a comprehensive view of customer transactions across all channels.

SmartVista will enable MCB to detect and stop suspicious activities instantly; however, its sophisticated link analysis will help uncover complex fraud networks and behavioural patterns.

For this partnership, an agreement was signed by MCB Chief Compliance Officer Waqas Mahmood and BPC Managing Director for Pakistan, Furrukh Ali Baig.

MCB Bank’s President and CEO, Shoaib Mumtaz, emphasised that their customers’ security and financial data are their bank’s highest priority.

“With the adoption of the SmartVista Fraud Management solution, we are further strengthening the digital safety of our valued customers while proactively enhancing our digital banking infrastructure,” he noted.

However, BPC's Managing Director for Pakistan, Furrukh Ali Baig, noted: “Our SmartVista Enterprise Fraud Management solution is designed to meet the evolving challenges of digital fraud.

He expressed confidence that by utilising these AI and machine learning technologies, MCB Bank will be well-equipped to protect its customers and stay ahead of emerging fraud threats.