Page 44 - NIBAF-Training Matters January

Page 44 - NIBAF-Training Matters January - June 2023

P. 44

efﬁcient record-keeping, real-time
tracking of cases and system gen-
statements, borrowing product /
erated reports. Besides the digitiza-
Taxes and Levies (DLTL) Schemes
ﬁrst one-day online session was
performance matching, banker’s /
business opportunities for ﬁnancial
IFRS-9 implementation, impact of
in the ﬁeld.
tion, SBP has also delegated some
institutions and multiplied transac-
for Trade Sector, Procedure for
IFRS-9 on Financial Disclosures,
exporter’s responsibilities / incentives,
conducted on January 25, 2023
processes to banks including the
The ninth iteration of the program
for
on-site veriﬁcation process under
Lodgment and Effective Use of
followed by a one-day F2F program
implementation
tional channels for customers, they
challenges
sub-allocation of EFS limits which is
MS Excel
have also created lucrative opportu-
part-II and penalties charged / refund
on March 21, 2023. Mr. Khurram
was held at NIBAF-Lahore from
banks and further guidance.
further expected to rationalize the
nities for sophisticated fraudsters to
under part-II. The session was very
February 13-17, 2023. Experts from
Fayyaz, Deputy Director, Banking

processing time.
exploit customers or security gaps
Foreign Exchange Operation Units
different organizations including
Supervision Department-2, SBP
interactive with detailed clariﬁcation
Participants from relevant depart-
a
in the processes; these new set of
of SBP BSC ofﬁces process exporter
SBP, SBP BSC, FATF, FIA, NAB,
on various queries of the partici-
well-structured
ments of SBP and different com-
delivered

In order to apprise participants on
challenges has led to a drive to scale
NCTA, FBR, FMU and banks were
mercial banks attended the session
claims submitted by Authorized
program sharing key insights of
pants on the electronic procedures

key features of the scheme and the
digital frauds in the current scenar-
was given by the trainer.
invited to share insights on different
up control mechanisms and mini-
which aimed to impart basic to
Dealers in respect of subsidy and

Regulatory perspective
capitalize and depend on technolo-
use of digital platform, an online
io to help bankers better under-
Duty Drawback Schemes on behalf
intermediate level understanding
mize incidences of fraud.
areas. Key areas covered included

gy-driven solutions. In order to give
session on the topic was conducted
on Fintech, Regtech and Suptech
Regulatory Framework on
stand the nature of the digital
of Federal and Provincial Govern-
regulatory regime & legal require-
of the new accounting model

an overview of key initiatives in the
on January 18, 2023. Mr. Adeel Khan,

ments to meet international stan-
In order to sensitize employees,
Proceeds Realization Certiﬁcate
under IFRS-9 and the changes
ments as per instructions issued by
crimes and identify ways to prevent

The ﬁnancial services sector is
Deputy Chief Manager, SBP BSC
area, an online session on the topic

required to be implemented for
regularly
conducts
dards, SBP regulation & compliance
their clients from ﬁnancial losses.
NIBAF
the relevant Ministry/Department.

going through signiﬁcant transfor-
Multan conducted the program
was conducted on January 12, 2023
The trainer used real-life examples
programs for banks in this area.
has
been
Since
the
process
compliance. Both the sessions were
requirements for ﬁnancial institu-
When a customer receives funds

by Ms. Saima Hameed, Joint Direc-
and discussed EFS schemes in
mation with the application of a
and case studies to demonstrate
tions ,basic concepts and typolo-
digitized, an online session covering
Third iteration for the program was
from abroad in his/her account in
attended by almost 60 participants

tor, Exchange Policy Department,
range of new technologies such as
detail particularly focusing on
from different ofﬁces of BSC, SBP
conducted online on April 12, 2023
PKR, banks issue them a proof of
digitization of DLTL Schemes for
gies of money laundering , role of
the importance of a risk-based

SBP. The main topics covered
recent developments like electronic
big data, artiﬁcial intelligence,
Financial Monitoring Unit (FMU)
funds received called Proceeds
and banks.
trade sector, procedure for lodg-
approach for managing digital
by Mr. Khurram Fayyaz. Mr. Fayyaz is

cloud computing, block chain etc.
submission & approval of ERF cases
during the session included Regu-
frauds. Widespread exercises and
ment of claims and effective Use of
an Information System & Cyberse-
Realization Certiﬁcate (PRC). In
and Reporting Requirements , role

Opportunities and risks of new
latory Regime on Inward Remit-
and off-site monitoring role of SBP/
and investigations by Law Enforce-
Advance Professional Certiﬁcate
interactive activities further allowed
MS Excel was conducted on Febru-
curity Risk Specialist with over
order to provide convenience to the

SBP BSC after handing over the
tances, SBP Initiatives for promot-
entrants, new technologies, and
banking customers, SBP has also
ary 21, 2023.
the participants to apply the theo-
in AML & CFT (APCC- 9)
almost 12 years of professional expe-
ment Agencies, Trade Based

ing Home Remittance, Roshan
ERF operations to banks. He kept
new strategies is leading the ﬁnan-
Home Remittances
ﬁnancial
computing technology. Around 20
especially
in
mation

ries learned in practical situations.
initiatives. Both the trainers effec-
rience in the ﬁnancial industry. He
digitalized the process of the
Money Laundering (TBML), Money

Digital Accounts & its afﬁliated
the participants engaged through-
cial sector policy makers and regu-
participants from different ofﬁces
issuance and veriﬁcation of such
tively handled queries received
Syed Ali, Assistant Director, Foreign
is currently serving as Deputy

Security Measures Training
institutions that process and store
Laundering through correspondent
for Board Members of Samba
NIBAF’s ﬁve-day Advance Profes-
The training program highlighted

out the session and discussed the
lators to readjust their approaches.
Products, automated issuance &
from participants which included
vast amount of data on a daily basis.
Director,
Home
of SBP, SBP BSC and banks attended
sional
Banking
Supervision
Exchange Operations Department,
the importance of communication
Course
Certiﬁcate
Bank
in
PRCs. All Authorized Dealers are
remittances
contribute
banking and the role of National

veriﬁcation of Proceeds Realization
underlying processes and bank’s
This reshaping of the regulatory
As
As cloud computing enables banks
Anti-Money Laundering & Combat-
signiﬁcantly in Pakistan’s economic
between the operational front line
banking
ofﬁcers from banks and SBP.
digital
SBP BSC conducted the session
Department, SBP and his core
involves
the training program.
Counter Terrorism Authority (NCTA)
required to issue and verify ePRCs

and compliance landscape is also
role in detail. The main topics
Certiﬁcates, framework of digital
PRCs
of
starting the discussion with an
expertise includes risk assessment
activities. Hence, SBP together with
in combating the ﬁnancing of
the
fast-moving voluminous transac-
and
staff and risk management teams
to access their IT resources over the
ing of Terrorist Financing has estab-
The primary duty of the BoD
Statement

onboarding of merchants and
leading the ﬁnancial institutions to
covered during the session includ-
Risk Based Approach for
IFRS 9-Accounting Model For
lished itself as comprehensive
(S-PRCs). Under this automation,
overview of DLTL & Subsidy Schemes
terrorism. practical case studies and
tions, fraud investigators & analysts
of IT infrastructures and cybersecu-
of banks and the need for greater
set the tone at the top to
the Government of Pakistan intro-
internet, it can revolutionize banks

ed discussion on the importance of
customers, regulatory framework
invest heavily in monitoring and
customer will receive an e-PRC
rity framework of Banks, PSOs/P-
duces various policy initiatives,
collaboration and more effective
need the essential skill set to
evening talks were also held on
by GoP, claims and process-ﬂows
Financial Instruments
Managing Digital Frauds
processes with regards to data
“compliance culture” within
certiﬁcate program for compliance

Development Finance & Financial
of mobile banking account, security
compliance structures that use
SPs, EMIs and FinTechs. He has a
professionals in the local ﬁnancial
employ the right tools and appro-
and assessment of claims, use of
from time to time, to increase the
strategies for addressing increas-
organization. FATF speciﬁca
different areas including role and
management and storage. Given
instantaneously as soon as funds

technology to satisfy regulatory and
of digital payments and way
Inclusion, speciﬁc tools used for
strong knowledge of regulatory
the sensitivity of their data, banks
priately implement the investiga-
are credited in the account. Further,
industry. This program has been
ingly complex digital frauds to
An effective fraud risk manage-
of
down this responsibility
ﬂow of home remittances through
SBP has issued detailed guidelines
Regulatory Approval System (RAS)
secretariat
functions
FATF

promotion of different segments
compliance requirements.
forward for innovative banking
designed by NIBAF in close consul-
banks will also issue a S-PRC to their
pakistan, SBP stance on digital
must also be fully aware of the Cloud
formal channels and encourages
to banks on implementation of
tive plan. The team must also be
instructions and industry wide
reduce risks for the banks. Around
ment creates an enterprise-wide
ﬁduciary responsibility sta
Portal, usage of Pakistan Customs’

under the Development Finance
products. Sixteen participants from
ensure that there is a robu
skilled in research practices to
80 participants from SBP, banks,
International Financial Reporting
view to keep organization’s fraud
customers mentioning all remit-
data, issues in processing of claims
Security and Privacy concerns and
currencies and ML/TF risks associat-
tation with market practitioners
banks and exchange companies to
trends in the area. Mr. Fayyaz deliv-

SBP and foreign exchange ofﬁcers
In order to give an overview of
spectrum, core indicators of Finan-
intelligence,
collect
ed risks with crypto currencies.
required
and discrepancies in data and
relevant
and FinTechs attended the two
and
all
stakeholders
pliance program in place”.
ered a well-structured session
risk within tolerance limits by incor-
their proper mitigation.
remittances
home
Standard 9 (IFRS-9) and ﬁnancial
mobilize
tances received by them from

cial Inclusion and role of Export
from different ﬁnancial institutions
FinTechs and its application in the
reporting formats with tiered dates
covering topics in a simpliﬁed
perform transaction analysis and
including experts from SBP, SBP
porating risk awareness, account-
abroad during the year.
documentation and effective use of
iterations conducted over the period.
through quality banking services
obligation necessarily enta

attended the session.
local and ﬁnancial sector an online
Finance Schemes , speciﬁc objec-
and marketing efforts.
ability, and transparency in all
for implementation deadlines to
manner for ease of understanding
In order to develop an understand-
report/respond depending on the
the Board members must have
Participants were rigorously evalu-
Excel tools and templates. It was a
BSC, FATF, FIA, NAB, FBR and FMU.

session on the topic was conducted
tive and scope of the EFS scheme,
processes, implementing proactive
very interactive session with many
On the suggestion of the Pakistan
ing of cloud computing, its applica-
of all the participants. He provided
facilitate the industry but has also
understandin
This course offers a unique combi-
fundamental
ated throughout the session using
type of frauds perpetrated.
Regulatory Perspective on Digital

on January 10, 2023 by Mr. Shoukat
digitization of EFS Scheme, central-
Digitization of Export Reﬁnance
Banking Fraud
nation of topics that builds on theo-
AML & Compliance Framework
host of methods during various
In order to build awareness and
key insights into digital frauds tools
encouraged early adoption of the
controls to prevent frauds at the
tion in the banking sector and data
queries from the participants which
Banks' Association(PBA), a half-day

Schemes & their Operations
Bizinjo,
ization and E-Submission of EFS
Director,
Additional
order to effectively exerci
activities and daily quizzes to
employed by fraudsters, nature of
online session on the topic was
outset while also putting in place
In order to train banking profession-
Mr. Ali addresses in detail. The session
standards.
capacity of remittance ofﬁcers
retical and practical skills of partici-
security concerns, an online train-

cases,
Payment Systems Policy & Over-
delegated
functions
&
ing program on Cloud Computing
ensure thorough understanding of
oversight responsibilities
pants enabling them to comply
was attended by participants from
While the digital methods are
working in banks and exchange
arranged on January 19, 2023 to
dynamic detection and control
these crimes and how to prevent
als in the best practices for

processes of EFS, roles & responsi-
As a major step towards ease of
sight Department and Mr. Rajeev
conﬁdent as to the adequacy
different ofﬁces of SBP BSC.
conducting dedicated fraud inves-
with applicable legal & regulatory
and its role in Driving Digital Inno-
develop understanding of relevant
them. The key topics covered
reinventing the payments ecosys-
systems to swiftly mitigate organi-
In order to support bankers transi-
companies, a one-day online train-
topic covered and certiﬁcates were

Gulrajani, Deputy Director, Digital
bilities of stakeholders after digiti-
doing business, SBP has digitized
awarded to successful candidates
frameworks and adopt best practic-
ing program was conducted on the
vation was conducted on February
tigations, a two-day F2F program
AML/CFT risk control framew
during the session included an
zational repercussions from fraud
ofﬁcers in the area and to address
tion to the new standards, signiﬁ-
tem in the country, they are also
Innovation
Settlements
zation of schemes, Export Finance
and
the process of obtaining reﬁnance
Cloud Computing and its role in
their speciﬁc queries. The session
topic on January 20, 2023. Team of
incidents.

on Digital Fraud Investigation and
es in the context of the ﬁnancial
their organizations.
cant capacity building is required
22, 2023. Mr. Hassan Azwar, Cyber

opening opportunities for fraud-
overview of regulatory perspective
after a comprehensive exam. Partic-

from SBP by banks under the
Scheme- Part I & Part II, limit alloca-
Department, SBP. The main topics
Security Measures was held on June
sters, who are increasingly develop-
on digital banking frauds, SBP
services industry. Evening talks on
was
ipants from different ofﬁces of SBP
given the data challenges as well
delivered
by
Saima
Security Expert at NACTA who has
Driving Digital Innovation
Ms.
trainers from Exchange Policy

Export Finance Scheme (EFS). The
tion under Part II, process of entitle-
covered during the session includ-
important topical areas in AML and
also been a part of digital ﬁnancial
ing sophisticated methods for
lack of required capacity in the area.
Department including Mr. Rashid
BSC and banks attended this train-

Recognizing this need, a sp
Hameed, Joint Director, Exchange
In order to highlight key risks and
5-6, 2023 by Mr. Khurram Fayyaz,
instructions and interpretation with

digitization is expected to reduce
ed FinTechs and disruptions, back-
ment under Part II, documents
services team at SBP conducted
preventive strategies in the area,
Mehmood, Senior Joint Director &
respect to the measures to enhance
CFT further offer an opportunity for
their
and
Deputy Director, Banking Supervi-
ing program.
banks
defrauding
ized program in the area wa
Cloud computing is a powerful
Consequently, NIBAF continues to
Policy Department, SBP. The main

required for reﬁnance loan under
the turn-around time of processing
ground
categorization,
and
technology that can play a critical
Ms. Paras Shah, Deputy Director
new
participants to interact and learn
presenting
regularly offer trainings on the
different iterations on the topic,
topics covered during the session
customers
security of digital banking products
the program. Since this was a new
oped and conducted for Bo

sion Department. Mr. Khurram

Part-II, discussion on EE-1/EF-1
FinTechs in Pakistan & Global
the claims and also facilitate

challenges in fraud mitigation.
included introduction to PRCs,
delivered
topic. Two online iterations of the
and services, fraud risk manage-
well-structured
delivered a comprehensive session
& technical topic, the trainer started
a
Samba bank on June 19, 2023

both online and F2F, have been

context, RegTechs & SupTechs, over-
discussing deﬁnition and scope of
from foundation level concepts and
program in a manner that was
training program was arrang
ment instructions issued by SBP,
program were conducted in Febru-
background and rationale for digiti-

view of international regulatory
online on 19 June, and cond
fraud reporting mechanism and
engaging and easy to follow even
zation, regulatory instructions for
slowly progressed towards an inter-
ary-2023 and June-2023 by Mr.
home remittances, signiﬁcance for

cooperation initiatives and SBP
analysis of fraud incidents. The
Fahad Bin Ammad, Joint Director,
issuance and veriﬁcation of PRCs
by Mr. Afzaal Khattak, Addi
developing economies and Paki-
for those who are not specialized in
mediate level discussion on key

initiatives regarding RegTechs &
Policy
Banking
a
Kh

BPRD.
and S-PRCs, eligibility criteria for
trainer
adopted

Mr.
&
fraud detection and prevention. He
practical
areas. He explained cloud-based

Regulations
Director,
stan, overview of domestic home

SupTechs. Around 26 participants
The
innovation strategies and platforms,
SBP.
remittances infrastructure, system

deigned a suitable program
provided key insights into digital

customers, standard format, proce-
approach to deliver contents of the
Department,
trainer

from different banks and ofﬁces of
dure for automated issuance and
stakeholders,
covered the topic comprehen
frauds investigation techniques,
and
cloud-native applications and micro
training sharing his own experienc-
constituents
discussed the topic building upon

SBP BSC attended the program.
service and their use in creating
foundation level concepts to facili-
as per the requirements of
es, asked for participant’s feedback
fraud analysis, fraud reporting and
veriﬁcation, steps to avoid misuse of
home remittances of Pakistan in

necessary controls. Overall, the
violations
tate the participants and help them
senior members while also a
more agile and responsive systems,
and
S-PRC,
global and regional perspective,
on their respective bank’s risk man-
e-PRC

Let's Be Compliant with SBP
use of Artiﬁcial Intelligence and
session remained very successful
agement strategies and controls
observed across banking industry

develop better understanding to
ing their queries in detail

challenges and opportunities for

Digital Drive on FX Front
support successful implementa-

and participants requested for

Machine Learning at scale with

recipient country/remitters/beneﬁ-
and preventive measures to avoid
and further discussed ﬁnancial
program was highly apprecia

cloud computing and innovative
more iteration of the same program
fraud experiences of local banks.
ciaries, innovation and digitalization
penalization. Ms. Saima handled
the L&D department and the
tion. He discussed the reasons for

The ongoing digitization in the
Management of Samba Bank.
drive for promotion of home remit-
the queries very effectively and kept
applications in different industries,
in future. Around 32 participants
Overall, session remained very
replacement of IAS-39, changes in

banking sector is being witnessed
securing data in the cloud and
the classiﬁcation and measure-
successful
from banks and SBP BSC attended
the participants engaged through-
participants
tances, role of the Government,
and

in all aspects of banking operations
the program.

SBP, PRI and ﬁnancial institutions
requested for more iteration of the
implications of cloud-based innovation

ment of ﬁnancial instruments
out the session. Participants also

including the foreign exchange
on data privacy and governance. Mr.

program in future. Around 18 partic-
expressed keen interest in the train-
under IFRS-9 and comparison with
in facilitating remittances, incentive

Exchange
operations.
Policy
Basel III- Regulatory treatment of
Hassan also facilitated online group
ipants from different ofﬁces of SBP
ing and sought clarity on practical
Schemes for remitters and beneﬁ-

Department, SBP has launched
ciaries, impact of measures taken to
issues experienced in the area.
accounting provisions, elements of
activities with the help of break out
BSC and commercial banks attend-

many projects and products that
promote remittances and new
the IFRS 9 Impairment Model for
ed the program.
rooms and discussed use cases of
for innovations & creative ideation, Financial Assets, SBP Instruction on from with top-notch practitioners Digitization of Drawback of Local role in catalyzing digital transfor- companies successfully utilizing cloud conducted by NIBAF-Lahore. The While digitization has created Digital Fraud Investigation and Customized Program on AML/C
and looming deadlines from
high-stake projects. All these
factors underscore the importance
of building a resilient workforce
that allows people to perform at
their best and proactively respond
rather than react when faced with
emotional triggers. Hence, the ability
to utilize emotional intelligence in
the workplace is widely recognized
as a valuable skill by employers. This
capacity to recognize and effective-
ly manage emotions of oneself and
the others is a trait that is increas-
Mr. Javaid Ahmad, Ex Joint Director, importance of dashboard reporting ingly being considered as import-
SBP conducted the session from and visualization in presenting data ant as the intellectual ability in
March 13-14, 2023 and discussed the insights. The trainer’s presentation organizational workforce for its role their emotional triggers to develop emerging technologies, and digital FinTech
Change Management kept the participants engaged importance of revamped uniform skills and ability to articulate com- in enhancing workplace relation- strategies for responding to ﬁnancial services. His work has
Three iterations of the Change Man- through interesting discussions version of Business Writing & plex concepts in easy-to-under- ships, managing stress, and career challenging situations. The trainer included developing and imple- The FinTech industry is growing
All organizations face changes in agement program were conducted and examples of major enterprise Reporting at SBP and SBP BSC. The stand manner made the program progression. created a supportive and encourag- menting cybersecurity measures rapidly as the ﬁnancial transactions
their business environment push- at NIBAF Lahore over the period. Mr. wide changes over the history of trainer focused on different areas engaging and interactive for the ing learning experience allowing for the nation's ﬁrst Instant increasingly rely on customer
ing them to adopt new and better Javaid Ahmad Bhatti, Director, SBP BSC and its beneﬁts for the including effective business writing participants. With multiple In order to develop EI skills of participants to candidly share their Payment System-RAAST which is service innovations spurred by
ways of doing things. SBP manage- Currency Management Depart- employees as well as the organiza- principles for different forms on hands-on practice sessions and employees and support them in own experiences and insights in considered to be a key driver of integration of technology and data.
ment is mindful of the fact that a ment, SBP BSC discussed the tion and its external stakeholders. internal & external communication exercises, participants were able to developing teams and work various personal and professional innovation in the ﬁnancial services The expanding ﬁntech ecosystem
crucial part of putting organization- importance of change manage- Around 70 participants from differ- including ofﬁce letters & memos, hone their data handling skills and cultures that are both adaptable situations. Overall, this training was industry. Mr. Azwar conducted an has led to increase in the demand
al change into practice is getting a ment, how it can be implemented, ent ofﬁces of SBP BSC attended email etiquettes, report writing create with their own dashboard and engaging despite the challeng- both informative and inspirational interactive session for the partici- for professionals with expertise in
buy-in from employees across the and the beneﬁts it can bring to an this training program. techniques, recording minutes of reports by the end of the program. ing circumstances, NIBAF Lahore for the employees. Around 85 pants explaining Blockchain and digital technologies, programming
organization. Recognizing this, organization in the context of the meetings etc. Trainer discussed the The trainer shared useful feedback organized three iterations, both F2F participants from SBP, Commercial Cloud Computing as an emerging and data science within the bank-
NIBAF designs and offers trainings Vision and Mission of SBP BSC. Mr. Business Writing & Reporting principles of effective communica- and tips on the dashboards devel- and online, over the period. Dr. Banks and different ofﬁces of SBP innovative technology, its scope to ing sector also. In order to meet the
on Change Management to enable Bhatti also stressed the signiﬁcance Skills tion that cuts through ambiguity, oped by participants to further Hanif Mohammad, a renowned BSC attended these programs. improve the delivery of ﬁnancial demand for this skillset, NIBAF-La-
employees embrace change and of the “people” factor in the change confusion, and redundancy. Partici- improve their efﬁcacy. Around 12 corporate trainer and consultant services, and innovative ideas for its hore organized two iterations of the
enable the management to management process and encour- Effective communication is the pants drafted content for different participants from different ofﬁces specializing in Strategy, Business Driving Innovation in Financial integration in traditional banking one-day online program on the
manage and channelize employ- aged participants to focus on devel- cornerstone of any successful business scenarios requiring of SBP BSC attended this program. Management and Human Services: Exploring Blockchain processes. The key topics covered topic on April 13, 2023 and June 14,
ees’ varied reactions from avoid- oping the skill set that will be business, and this program focuses relevant form of written communi- All the participants appreciated the Resource Management, led the and Cloud Technology during the session included an 2023. Mr. Ahmed Sumair, Joint
ance and denial to being fully required in coming days. He on enhancing writing and report- cation and practiced different training and rated it to be an excel- program emphasizing the impor- overview of connection between Director, Payment Systems Policy &
invested in the new ways. These emphasized that by enhancing ing skills of SBP BSC ofﬁcials. This exercises to apply their learnings to lent learning experience. tance of Emotional Intelligence and Disruptive technologies are driving Cloud Computing And Digital Inno- Oversight Department conducted
trainings prepare and sensitize one’s ability to manage change, comprehensive training program is the actual work environment. its effect on one’s personal and business model reinventions glob- vation, Cloud-based Innovation the program on “FinTechs”, exten-
employees to be mindful of regular everyone can play an important role designed to teach the different Around 16 participants from differ- Emotional Intelligence (EI) professional lives. Dr. Hanif did an ally especially within the ﬁnancial Strategies, Concepts Of Decentral- sively discussing use cases in the
and transformational changes, to ensure that SBP BSC remains at techniques that can be used to ent ofﬁces of SBP BSC attended excellent job in presenting the core sector with the mainstreaming of ization, Block Chain and Distributed ﬁnancial services industry quoting
discuss the ongoing and expected the forefront of innovation and improve composition style, gram- this program. Participants appreci- Today’s employees operate in a concepts of Emotional Intelligence the technologically driven experi- Ledger Technology (DLT), digital instances of successful bank &
changes, to set the tone for employ- growth. The trainer also had shared mar, punctuation, and tone in ated the trainer’s efforts and guid- challenging work environment with relatable examples and ences. On the one hand customers currencies and smart contracts, ﬁntech partnerships. The key topics
ees and avoid any negative impact reading material and group work writing. This program is tailored to ance for improvement in their fraught with rapid changes in conducting practical exercises to expect process transformations, cloud-based innovation platforms , covered during the session includ-
from surprise and to convey man- before the start of the program for a equip the necessary skills to express writing style to align it with the systems and workﬂows, pressures help the participants recognize automations and innovative service overview of cloud architecture and ed the characteristics and types of
agement assurance of full support preliminary warm-up to the session in a clear, concise, and coherent organization's standards of main- delivery, and on the other the networking, overview of cloud-na- FinTechs, disruption in the global
to every one throughout the contents. He addressed various manner for varied communication, taining clarity, professionalism, and changing competitive landscape of tive applications and micro services, ﬁnancial landscape and challenges
change process. queries of the participants on the internal or external. effectiveness in communication. the ﬁnancial sector vouches for , overview of server less computing, from Neo Banks to the legacy
future direction of SBP BSC and transformation of business opera- its beneﬁts, use cases and its role in ﬁnancial institutions, Artiﬁcial Intel-
In order to support developing an Data Analytics, Power BI & tions through integration of emerg- innovation, cloud-based artiﬁcial ligence & Machine learning for
agile workplace, a systematic Dashboard Reporting ing technologies. intelligence and machine learning, FinTechs, regulatory landscape of
approach is being followed to cloud security and privacy. Mr. FinTechs in Pakistan, scope of func-
manage enterprise-wide change in This training program has been In order to apprise participants on Azwar also held a detailed discus- tions of top FinTechs Operating in
SBP and its subsidiaries that starts structured to provide a comprehen- the key emerging technologies, sion on “Block Chain solving all Pakistan and Fintech Sandboxes.
with sensitizing and preparing sive overview of Data Analytics, one-day online training was problems under the sky!”. Case Mr. Sumair conducted an interac-
employees to the expected trajec- Power BI, and Dashboard Report- conducted on the topic by Mr. studies related to Block Chain and tive program keeping the partici-
tory of the organization and the ing tools to help participants com- Hassan Azwar on April 11, 2023. Mr. Future Trends with respect to Paki- pants engaged throughout the
evolving roles and expectations plete their day-to-day assignments Hassan Azwar is a seasoned tech- stan were also shared along with session with interesting discussions
from the teams. Hence, NIBAF with efﬁciency. Mr. Sohaib Jamal, an nologist currently serving as Cloud-based Digital Innovation Use on use cases, global and local case
regularly offers trainings to build expert corporate trainer in the area, Deputy Director in the Payment Cases. Around 28 participants from studies, articles and short videos on
necessary capacity to instill readi- conducted this F2F program from Systems Policy & Oversight Depart- ofﬁces of SBP, SBP BSC and other ﬁntech concepts and experiences.
ness to assimilate expected chang- March 16-17, 2023 at NIBAF-Lahore ment of SBP. He holds a Master's ﬁnancial institutions attended the Around 50 participants from SBP,
es in workﬂows and behaviors to with the support of practical exam- degree in Cyber Security and is program. different ofﬁces of SBP BSC, and
support further innovation, organi- ples. Mr. Jamal covered the techni- certiﬁed as a PMP®, CISA, CISM, other banks attended the two itera-
zation growth and career advance- cal aspects of data analytics in CRISC, and API Security Architect tions of the program.
ment of its employees. detail while also emphasizing the with expertise in cybersecurity,
44 Training Matters | January-June 2023

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