In a significant development for the country’s financial technology ecosystem, TallyMarks Consulting (TMC) has entered into a strategic partnership with Azentio Software to drive innovation and growth in Pakistan’s Islamic banking sector. This collaboration aims to reshape the way Islamic financial institutions operate, offering them digital-first, Shariah-compliant solutions that align with regulatory priorities and customer needs.
The partnership merges TMC’s strong presence in technology and consulting with Azentio’s globally trusted Shariah-compliant core banking systems. This synergy is expected to help financial institutions transition toward future-ready digital banking platforms while maintaining strict compliance with Islamic finance principles.
A key objective of this collaboration is to support the implementation of State Bank of Pakistan’s Islamic banking roadmap, which emphasizes regulatory alignment, operational efficiency, and customer-centric innovation. By leveraging technology, TMC and Azentio aim to address some of the most pressing challenges in the sector, including outdated legacy systems, limited digital integration, and increasing regulatory requirements.
The partnership also underscores a shared commitment to advancing the country’s Shariah-compliant financial landscape. As Pakistan continues to expand its Islamic finance market share, the adoption of innovative digital tools will be essential to enabling banks to offer seamless, modern, and compliant financial services to a growing customer base.
As part of their joint efforts, TMC and Azentio will co-host “NextGen Islamic Banking in Pakistan 2025,” an exclusive industry event scheduled to take place in Karachi. The event will bring together a cross-section of stakeholders, including regulators, Shariah scholars, senior banking executives, policymakers, and technology leaders, to discuss how digital transformation can drive sustainable growth in the Islamic finance sector.
The agenda will include discussions on the role of technology in shaping modern Shariah-compliant banking models, evolving policy frameworks, and strategies for accelerating financial inclusion through Islamic finance. Experts will also explore opportunities for collaborative innovation to build resilient, customer-centric digital banking ecosystems.
Industry analysts view this partnership as a timely and strategic step, as Pakistan’s Islamic banking sector has experienced strong growth in recent years. However, increasing competition, evolving customer expectations, and shifting regulatory landscapes have amplified the need for agile, secure, and scalable digital infrastructure. By combining local market expertise with globally proven technology, TMC and Azentio are positioning themselves as key enablers of this transformation.
With this initiative, Pakistan’s banking ecosystem is expected to see stronger integration of digital financial solutions that meet both modern banking needs and Islamic principles. This could pave the way for new products and services, improved customer experiences, and stronger market confidence in Islamic finance.
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