Page 45 - NIBAF-Training Matters January - June 2023

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
tional channels for customers, they
implementation
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
Team Work
processing time.
exploit customers or security gaps
Foreign Exchange Operation Units
Participants from relevant depart-
different organizations including
Supervision Department-2, SBP
interactive with detailed clarification
a
in the processes; these new set of
ments of SBP and different com-
SBP, SBP BSC, FATF, FIA, NAB,
on various queries of the partici-
of SBP BSC offices process exporter
well-structured
delivered
In order to foster teamwork in the
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
workplace culture, people, and
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
processes, ‘Team Work’ has been
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
embedded as a core competency
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
required for officers working in SBP
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
and its subsidiaries. Regular trainings
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.
are conducted in the area to create
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
a workplace built on teamwork to
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
enhance employee productivity,
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
innovation, and openness. NIBAF-
SBP. The main topics covered
big data, artificial intelligence,
recent developments like electronic
funds received called Proceeds
Financial Monitoring Unit (FMU)
approach for managing digital
by Mr. Khurram Fayyaz. Mr. Fayyaz is
trade sector, procedure for lodg-
and banks.
Lahore conducted a one-day training
submission & approval of ERF cases
during the session included Regu-
cloud computing, block chain etc.
Realization Certificate (PRC). In
frauds. Widespread exercises and
ment of claims and effective Use of
an Information System & Cyberse-
and Reporting Requirements , role
on the topic on February 16, 2023
latory Regime on Inward Remit-
and off-site monitoring role of SBP/
Opportunities and risks of new
interactive activities further allowed
and investigations by Law Enforce-
curity Risk Specialist with over
MS Excel was conducted on Febru-
order to provide convenience to the
Advance Professional Certificate
which was facilitated by Mr. Uzair
entrants, new technologies, and
SBP BSC after handing over the
tances, SBP Initiatives for promot-
in AML & CFT (APCC- 9)
ment Agencies, Trade Based
the participants to apply the theo-
banking customers, SBP has also
almost 12 years of professional expe-
ary 21, 2023.
Ausaf. Mr. Uzair is a certified trainer,
ERF operations to banks. He kept
new strategies is leading the finan-
ing Home Remittance, Roshan
Home Remittances
initiatives. Both the trainers effec-
mation
digitalized the process of the
ries learned in practical situations.
rience in the financial industry. He
Money Laundering (TBML), Money
computing technology. Around 20
financial

especially
in
facilitator, Moderator & Neuro-Lin-
the participants engaged through-
cial sector policy makers and regu-
Digital Accounts & its affiliated
tively handled queries received
The training program highlighted
issuance and verification of such
Syed Ali, Assistant Director, Foreign
Security Measures Training
Laundering through correspondent
is currently serving as Deputy
NIBAF’s five-day Advance Profes-
participants from different offices
institutions that process and store
for Board Members of Samba

guistic Programming Coach from
lators to readjust their approaches.
out the session and discussed the
Products, automated issuance &
vast amount of data on a daily basis.
in
Director,
Banking
of SBP, SBP BSC and banks attended
Home
Course
Supervision
sional
Certificate
Exchange Operations Department,
the importance of communication
from participants which included
banking and the role of National
remittances
contribute
PRCs. All Authorized Dealers are
Bank
the School of Leadership, British
underlying processes and bank’s
This reshaping of the regulatory
verification of Proceeds Realization
between the operational front line
significantly in Pakistan’s economic
As cloud computing enables banks
Counter Terrorism Authority (NCTA)
required to issue and verify ePRCs
Department, SBP and his core
banking
involves
the training program.
officers from banks and SBP.
Anti-Money Laundering & Combat-
SBP BSC conducted the session
As
digital
Council, FnF and American Board of
and compliance landscape is also
Certificates, framework of digital
role in detail. The main topics
PRCs
activities. Hence, SBP together with
fast-moving voluminous transac-
expertise includes risk assessment
ing of Terrorist Financing has estab-
starting the discussion with an
in combating the financing of
The primary duty of the BoD is to
staff and risk management teams
Statement
to access their IT resources over the
the
and
of
Neurolinguistics Programming and
onboarding of merchants and
covered during the session includ-
leading the financial institutions to
IFRS 9-Accounting Model For
Risk Based Approach for
(S-PRCs). Under this automation,
of IT infrastructures and cybersecu-
lished itself as comprehensive
set the tone at the top to instill a
tions, fraud investigators & analysts
terrorism. practical case studies and
of banks and the need for greater
the Government of Pakistan intro-
overview of DLTL & Subsidy Schemes
internet, it can revolutionize banks
a certified Human Resource Practi-
ed discussion on the importance of
customers, regulatory framework
invest heavily in monitoring and
by GoP, claims and process-flows
customer will receive an e-PRC
need the essential skill set to
rity framework of Banks, PSOs/P-
collaboration and more effective
certificate program for compliance
Financial Instruments
“compliance culture” within the
processes with regards to data
evening talks were also held on
duces various policy initiatives,
Managing Digital Frauds
tioner from the University of
Development Finance & Financial
of mobile banking account, security
compliance structures that use
organization. FATF specifically lays
management and storage. Given
professionals in the local financial
from time to time, to increase the
SPs, EMIs and FinTechs. He has a
and assessment of claims, use of
different areas including role and
employ the right tools and appro-
strategies for addressing increas-
instantaneously as soon as funds
Concordia, Canada. With the help of
technology to satisfy regulatory and
Inclusion, specific tools used for
of digital payments and way
ingly complex digital frauds to
industry. This program has been
strong knowledge of regulatory
Regulatory Approval System (RAS)
down this responsibility as their
FATF
secretariat
functions
of
An effective fraud risk manage-
the sensitivity of their data, banks
are credited in the account. Further,
priately implement the investiga-
flow of home remittances through
SBP has issued detailed guidelines
engaging activities and group
forward for innovative banking
compliance requirements.
promotion of different segments
reduce risks for the banks. Around
ment creates an enterprise-wide
tive plan. The team must also be
banks will also issue a S-PRC to their
Portal, usage of Pakistan Customs’
pakistan, SBP stance on digital
instructions and industry wide
formal channels and encourages
must also be fully aware of the Cloud
fiduciary responsibility stating “to
designed by NIBAF in close consul-
to banks on implementation of
exercises, the trainer explained the
under the Development Finance
products. Sixteen participants from
skilled in research practices to
ensure that there is a robust com-
80 participants from SBP, banks,
customers mentioning all remit-
currencies and ML/TF risks associat-
International Financial Reporting
trends in the area. Mr. Fayyaz deliv-
banks and exchange companies to
data, issues in processing of claims
tation with market practitioners
view to keep organization’s fraud
Security and Privacy concerns and
values of Trust, Team Bonding,
SBP and foreign exchange officers
In order to give an overview of
spectrum, core indicators of Finan-
relevant
required
their proper mitigation.
intelligence,
and
and discrepancies in data and
all
ed risks with crypto currencies.
ered a well-structured session
pliance program in place”. This
stakeholders
collect
and FinTechs attended the two
risk within tolerance limits by incor-
mobilize
home
tances received by them from
Standard 9 (IFRS-9) and financial
remittances
Cross Functional Fluidity, Result
from different financial institutions
cial Inclusion and role of Export
FinTechs and its application in the
iterations conducted over the period.
reporting formats with tiered dates
obligation necessarily entails that
covering topics in a simplified
including experts from SBP, SBP
perform transaction analysis and
through quality banking services
porating risk awareness, account-
documentation and effective use of
abroad during the year.
winning
through
Orientation,
attended the session.
Finance Schemes , specific objec-
local and financial sector an online
for implementation deadlines to
Excel tools and templates. It was a
In order to develop an understand-
ability, and transparency in all
and marketing efforts.
Participants were rigorously evalu-
the Board members must have a
report/respond depending on the
manner for ease of understanding
BSC, FATF, FIA, NAB, FBR and FMU.
Collaboration, value of Open &
tive and scope of the EFS scheme,
session on the topic was conducted
of
On the suggestion of the Pakistan
understanding
processes, implementing proactive
ing of cloud computing, its applica-
very interactive session with many
of all the participants. He provided
Regulatory Perspective on Digital
This course offers a unique combi-
facilitate the industry but has also
type of frauds perpetrated.
fundamental
ated throughout the session using
Transparent Communication, help-
on January 10, 2023 by Mr. Shoukat
Digitization of Export Refinance
digitization of EFS Scheme, central-
Banking Fraud
AML & Compliance Framework in
encouraged early adoption of the
host of methods during various
nation of topics that builds on theo-
key insights into digital frauds tools
In order to build awareness and
controls to prevent frauds at the
tion in the banking sector and data
Banks' Association(PBA), a half-day
queries from the participants which
ing others and improving oneself
Schemes & their Operations
Bizinjo,
ization and E-Submission of EFS
Director,
Additional
order to effectively exercise their
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-
capacity of remittance officers
standards.
Mr. Ali addresses in detail. The session
security concerns, an online train-
retical and practical skills of partici-
Around
through
feedback.
cases,
Payment Systems Policy & Over-
delegated
functions
&
ing program on Cloud Computing
ensure thorough understanding of
oversight responsibilities and be
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
participants from offices of BSC
processes of EFS, roles & responsi-
As a major step towards ease of
sight Department and Mr. Rajeev
and its role in Driving Digital Inno-
different offices of SBP BSC.
conducting dedicated fraud inves-
confident as to the adequacy of the
reinventing the payments ecosys-
with applicable legal & regulatory
them. The key topics covered
systems to swiftly mitigate organi-
develop understanding of relevant
In order to support bankers transi-
companies, a one-day online train-
topic covered and certificates were
attended this training program.
doing business, SBP has digitized
Gulrajani, Deputy Director, Digital
bilities of stakeholders after digiti-
awarded to successful candidates
tigations, a two-day F2F program
ing program was conducted on the
vation was conducted on February
frameworks and adopt best practic-
zational repercussions from fraud
AML/CFT risk control framework in
officers in the area and to address
tem in the country, they are also
tion to the new standards, signifi-
during the session included an
Innovation
zation of schemes, Export Finance
the process of obtaining refinance
and
Settlements
Cloud Computing and its role in
incidents.
Software
their specific queries. The session
overview of regulatory perspective
22, 2023. Mr. Hassan Azwar, Cyber
opening opportunities for fraud-
cant capacity building is required
es in the context of the financial
their organizations.
on Digital Fraud Investigation and
after a comprehensive exam. Partic-
topic on January 20, 2023. Team of
13 participants from of
Banking Operations
Department, SBP. The main topics
from SBP by banks under the
Scheme- Part I & Part II, limit alloca-
Security Measures was held on June
services industry. Evening talks on
sters, who are increasingly develop-
ipants from different offices of SBP
was
on digital banking frauds, SBP
delivered
given the data challenges as well
Saima
Security Expert at NACTA who has
trainers from Exchange Policy
Driving Digital Innovation
Ms.
by
SBP BSC attended this t
tion under Part II, process of entitle-
covered during the session includ-
Export Finance Scheme (EFS). The
Recognizing this need, a special-
In order to highlight key risks and
lack of required capacity in the area.
Hameed, Joint Director, Exchange
Department including Mr. Rashid
ing sophisticated methods for
5-6, 2023 by Mr. Khurram Fayyaz,

important topical areas in AML and
BSC and banks attended this train-
also been a part of digital financial
instructions and interpretation with
program.
SBP BSC utilizes a range of
SBP BSC is entrusted with provid-
ed FinTechs and disruptions, back-
digitization is expected to reduce
ment under Part II, documents
their
Consequently, NIBAF continues to
preventive strategies in the area,
Cloud computing is a powerful
ing program.
Deputy Director, Banking Supervi-
and
respect to the measures to enhance
services team at SBP conducted
ized program in the area was devel-
defrauding
banks
Policy Department, SBP. The main
Mehmood, Senior Joint Director &
CFT further offer an opportunity for
top-notch Enterprise Management
ing banking services to the Federal
and
required for refinance loan under
categorization,
the turn-around time of processing
ground
Ms. Paras Shah, Deputy Director
new
technology that can play a critical
sion Department. Mr. Khurram
participants to interact and learn
presenting
oped and conducted for BoD of
different iterations on the topic,
topics covered during the session
customers
security of digital banking products
and Banking softwares to stream-
the program. Since this was a new
A training program on O
regularly offer trainings on the
and Provincial Government and
Part-II, discussion on EE-1/EF-1
FinTechs in Pakistan & Global
the claims and also facilitate
ERP - Financial Track (
challenges in fraud mitigation.
& technical topic, the trainer started
included introduction to PRCs,
both online and F2F, have been
and services, fraud risk manage-
a
well-structured
delivered
delivered a comprehensive session
line operations and automate
Samba bank on June 19, 2023. This
topic. Two online iterations of the
banks through its field offices
context, RegTechs & SupTechs, over-
from foundation level concepts and
background and rationale for digiti-
discussing definition and scope of
program in a manner that was
ment instructions issued by SBP,
program were conducted in Febru-
training program was arranged
manual processes. Over the period,
was conducted on Februa
across the country. The Banking
view of international regulatory
online on 19 June, and conducted
fraud reporting mechanism and
engaging and easy to follow even
ary-2023 and June-2023 by Mr.
home remittances, significance for
zation, regulatory instructions for
slowly progressed towards an inter-
conducted
2023. Mr. Amjad Masood
NIBAF-Lahore
three
department/units established in
cooperation initiatives and SBP
issuance and verification of PRCs
Fahad Bin Ammad, Joint Director,
analysis of fraud incidents. The
by Mr. Afzaal Khattak, Additional
developing economies and Paki-
for those who are not specialized in
mediate level discussion on key
Director, NIBAF conduct

different trainings for hands-on
the offices are responsible for these
initiatives regarding RegTechs &
Khattak
trainer
stan, overview of domestic home
Banking

and S-PRCs, eligibility criteria for
adopted
practice on several modules used
a
areas. He explained cloud-based
Regulations
practical
BPRD.
Mr.
Policy
&
training program. Aroun
fraud detection and prevention. He
Director,
services. A training program on
SupTechs. Around 26 participants
innovation strategies and platforms,
by teams working in different
deigned a suitable program and
participants from diffe
trainer
SBP.

provided key insights into digital
remittances infrastructure, system
Department,
The
customers, standard format, proce-
approach to deliver contents of the
Banking Operations was conduct-
from different banks and offices of
stakeholders,
frauds investigation techniques,
constituents
dure for automated issuance and
cloud-native applications and micro
training sharing his own experienc-
discussed the topic building upon
and
covered the topic comprehensively

departments of the BSC as per
offices of SBP BSC atten
ed at NIBAF Lahore February 17,
SBP BSC attended the program.
es, asked for participant’s feedback
fraud analysis, fraud reporting and
service and their use in creating
foundation level concepts to facili-
as per the requirements of the
home remittances of Pakistan in
verification, steps to avoid misuse of
below details:

this training program.
2023 in F2F mode. Syed Samar
more agile and responsive systems,
tate the participants and help them
necessary controls. Overall, the
e-PRC
violations
and
on their respective bank’s risk man-
senior members while also address-
global and regional perspective,
S-PRC,
Hussain, Joint Director, Accounts
Let's Be Compliant with SBP
•
•
A training program on T-24
use of Artificial Intelligence and
agement strategies and controls
A training program on T
ing their queries in detail. Overall,
session remained very successful
challenges and opportunities for
observed across banking industry
develop better understanding to
Department, SBP BSC conducted
Digital Drive on FX Front
and preventive measures to avoid
and further discussed financial
Banking was conducted on
support successful implementa-
Currency was conducted

and participants requested for
Machine Learning at scale with
program was highly appreciated by

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

March 10, 2023 by Mr. Z

February 24, 2023 in face to face
account
ment
and
collection
The ongoing digitization in the
the queries very effectively and kept
drive for promotion of home remit-
Management of Samba Bank.
in future. Around 32 participants
applications in different industries,
Overall, session remained very
replacement of IAS-39, changes in
mode. Mr. Zeeshan Zafar,
Abideen, Senior Deputy

processes, current and subsidiary
banking sector is being witnessed
from banks and SBP BSC attended
tances, role of the Government,
participants
successful
the participants engaged through-
securing data in the cloud and
the classification and measure-
and
Deputy Chief Manager (Banking),
Officer, SBP BSC, Karach

general ledger accounts, handling
in all aspects of banking operations
Around 11 participants
implications of cloud-based innovation
SBP BSC, Islamabad & Syed
the program.

requested for more iteration of the
ment of financial instruments
out the session. Participants also
SBP, PRI and financial institutions

payments, clearing and settle-
including the foreign exchange
Aamer, Deputy Director, Strategic
offices of BSC attended
program in future. Around 18 partic-

expressed keen interest in the train-
in facilitating remittances, incentive
on data privacy and governance. Mr.
under IFRS-9 and comparison with
ments etc. Around 15 participants
Exchange
operations.
Policy
Hassan also facilitated online group
ing and sought clarity on practical
Schemes for remitters and benefi-
Basel III- Regulatory treatment of
ipants from different offices of SBP
training program.
& Corporate Affairs Department,

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

attended this training program.
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/CFT Trainings for SBP BSC 17 Trainings on Banking & Business • conducted the progr
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,
45 Training Matters | January-June 2023