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Pan Asia Bank Partners with Pine Labs for Credit Card Tech
28 Jan
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 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.
