Islamabad, September 2025 – Mobilink Microfinance Bank Limited (MMBL), Pakistan’s largest digital bank, has entered into a strategic partnership with the Securities and Exchange Commission of Pakistan (SECP) to simplify and digitize the corporate banking experience for registered companies. The collaboration was formalized through a Memorandum of Understanding (MoU), aiming to enhance efficiency, transparency, and corporate governance within Pakistan’s financial ecosystem.
Under this agreement, MMBL will gain access to SECP’s Financial Institutions (FI) Portal to seamlessly verify information of registered companies. The initiative will also enable Mobilink Bank to receive regular updates on SECP-registered entities and gradually integrate secure, API-driven digital solutions for real-time data exchange. This digital integration is designed to streamline corporate account opening processes, reducing delays and paperwork while creating a more secure and transparent system for businesses.
The MoU was signed by Mr. Muzzafar Ahmed Mirza, Commissioner SECP, and Mr. Haaris Mahmood Chaudhary, President & CEO of MMBL, in the presence of Mr. Akif Saeed, Chairperson SECP, and Mr. Atta Ur Rehman, Chief Business Officer of MMBL. Leadership from both institutions emphasized the importance of leveraging technology to modernize financial processes and reaffirmed their shared vision of advancing Pakistan’s digital economy.
For Pakistan’s corporate sector, the partnership signals a major shift toward digitization in banking. Traditionally, corporate account opening has been a complex process involving extensive documentation and manual verification. By integrating with SECP’s FI Portal and adopting secure APIs, Mobilink Bank aims to minimize these hurdles, giving businesses a faster and more transparent pathway to access corporate banking services. This move not only promotes operational efficiency but also supports the government’s broader vision of creating a business-friendly environment in Pakistan.
Industry experts believe that this collaboration could become a model for other banks and regulators to follow. With increased emphasis on digital adoption, regulatory institutions are now partnering with financial entities to bring greater efficiency to core processes. By ensuring real-time data sharing and reducing redundancies, such initiatives also strengthen risk management, corporate governance, and compliance standards.
For MMBL, the partnership aligns with its broader strategy of driving financial inclusion and digital empowerment across Pakistan. As the bank continues to expand its footprint, the ability to provide corporate clients with faster, technology-driven solutions strengthens its position as a leading innovator in the financial services sector. Similarly, SECP’s role in enabling this digital framework highlights its commitment to modernizing corporate regulations and fostering an ecosystem that is both transparent and efficient.
This collaboration ultimately reflects a shared commitment to strengthening Pakistan’s financial infrastructure and enhancing the ease of doing business. By combining regulatory oversight with banking innovation, Mobilink Bank and SECP are paving the way for a more resilient, digitally enabled corporate ecosystem that can better support economic growth.
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