BenchMatrix, a prominent provider of digital risk management solutions, has entered a strategic partnership with Vital Information Services Pvt Ltd (VIS), a leading credit rating agency in Pakistan. This collaboration is set to deliver transformative, technology-driven solutions aimed at revolutionizing the country’s financial infrastructure, particularly in the areas of credit and risk rating.
With Pakistan’s financial institutions navigating rapid digitization and increasing regulatory complexity, this partnership arrives at a pivotal time. BenchMatrix brings robust technological expertise to the table, offering advanced solutions in risk, compliance, and governance. Coupled with VIS’s deep domain experience in credit rating services—including Bank Loan Ratings, ESG (Environmental, Social, and Governance) Ratings, and Project Finance Ratings—this alliance seeks to deliver comprehensive, future-forward tools to banks and other financial entities.
Both companies share a strong commitment to innovation and sustainability, two areas that are increasingly shaping the evolution of the financial services industry. Through the joint development and deployment of technology-enabled credit rating and risk assessment frameworks, they aim to enhance decision-making capabilities for financial institutions, thereby improving transparency and efficiency across the board.
The partnership will leverage VIS’s decades-long credibility and analytical strength in financial evaluation, alongside BenchMatrix’s next-gen software platforms and automation tools. This integrated approach will not only streamline internal processes for institutions but also help them remain aligned with international best practices and evolving regulatory expectations, particularly those outlined by the State Bank of Pakistan (SBP).
“We’re incredibly excited about what this partnership means for the financial landscape of Pakistan,” said a representative from BenchMatrix. “By combining the traditional strengths of a seasoned credit rating agency like VIS with modern digital infrastructure, we can deliver actionable insights and measurable value to financial institutions across the country.”
VIS’s services, which span across multiple credit segments and are grounded in comprehensive analytical methodologies, will gain a digital edge through BenchMatrix’s platforms. This will ensure more scalable and accessible delivery of rating and risk insights, further boosting confidence in Pakistan’s credit evaluation frameworks.
Notably, the collaboration also emphasizes the growing importance of ESG metrics in financial assessments—a reflection of global trends where sustainability factors are now crucial for investment and lending decisions. The tools and frameworks developed through this partnership are expected to support financial institutions in aligning with both local and global ESG standards.
Key professionals involved in this initiative include Taimur Kaleem, Faisal Faheem, Muhammad Bilal Aftab, Shahzaib Hussain Bukhari, Mahir Rafiq, ACCA, Shereen Akram, Juzer Shabbir, and Hasan Ali. Their combined industry experience and technical know-how are expected to drive the success of this endeavor.