What is the partnership between Pan Asia Bank and Pine Labs about?

Pan Asia Bank is partnering with Pine Labs to implement a full-stack Credit Card Management System to enhance its credit card services.

Which platform will Pine Labs use for Pan Asia Bank's credit cards?

Pine Labs will deploy its Credit+ platform for the end-to-end issuance of credit cards, covering activation, billing, payments, and settlement.

What are the benefits of the new credit card management system for Pan Asia Bank?

The new system will support high transaction concurrency and uptime, providing flexible and scalable product configurations for the bank.

Home / Business and Economy / Pan Asia Bank Partners with Pine Labs for Credit Card Tech

Pan Asia Bank Partners with Pine Labs for Credit Card Tech

28 Jan

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Summary

Pan Asia Bank partners with Pine Labs for a new card management system.
Pine Labs will deploy its full-stack Credit+ platform for card issuance.
The system will support high transaction concurrency and uptime.

Pan Asia Bank Partners with Pine Labs for Credit Card Tech

Pan Asia Banking Corporation, a major Sri Lankan entity, has announced a strategic partnership with the global fintech platform Pine Labs. This collaboration focuses on enhancing the bank's credit card services.

Pine Labs is set to deploy a comprehensive, full-stack Credit Card Management System for Pan Asia Bank. This advanced platform is designed to manage high volumes of transactions concurrently, ensuring consistent uptime and offering adaptable product configurations for the bank's evolving needs.

The Credit+ platform from Pine Labs will be instrumental in managing the end-to-end credit card lifecycle. This includes crucial processes such as card issuance, activation, billing, payment processing, reconciliation, and settlement, ensuring a streamlined experience for both the bank and its customers.