INIT is pleased to announce that our product Guardian has been selected by The Punjab Provincial Cooperative Bank Limited (PPCBL) for delivering efficiencies across the Compliance Risk Management and Audit Management functions of the organization. The Guardian solution shall help PPCBL streamline processes and executions for Compliance Risk Management across the various groups and departments of the organization and deliver facilitations for Independent Assurance on automation and digitalization of Audit Management functions. The capabilities of the solution shall enable Centralized Management of information, Point-in-Time Reporting and Team Collaboration, allowing for Compliance & Assurance across the organization through Improved Visibility, Timely Executions and Prioritized Deliverables.

The original post by PPCBL can be found here.

Muhammad Asif Javed, Head of Compliance | PPCBL, said “Compliance Risk Management is a cornerstone of any organization, ensuring the conformity of required regulations within the company’s operations. With the implementation of the Guardian – Compliance Risk Management Solution, we shall bring efficiencies to the workings of our Compliance, Risk & Audit Management processes, allowing us to safeguard the organization from potential losses and damages.”

Tahir Yaqoob Bhatti, President / CEO | PPCBL, said “Digitization is the need of today. Growing competition in automation and demanding customers who expect instant gratification through smooth experience has created a pull towards thrilling competition of digital enablement. We want to build on our value proposition with digital transformation and I am very excited to have this partnership leading us towards our journey, a journey of holistic & disciplined approach towards Risk Management, a system integrated solution for compliance and an objective assurance of organization processes and procedures.”

Zeeshan Qureshi, Director | INIT, said “We are proud to serve our local institutions, in helping them adopt the right tools and technologies which both enable and facilitate the journey to digitalization. Our Guardian Solution is enterprise-ready, delivering an efficient, adaptable, and effective way-of-work for organizations to adopt governance for Operational Risk, Compliance and Audit management procedures. We are proud of the trust placed in us by PPCBL, and we look forward to delivering on our commitment with them.”

The Punjab Provincial Cooperative Bank Ltd. was established in 1924 as an Apex Bank to meet funding requirements of cooperative societies. It is engaged in all types of banking & credit business with societies and individuals, with the Vision “To become self-sustainable institution for socioeconomic uplift of communities that creates futures through impactful financial services”. The PPCBL gained the status of Scheduled Bank in 1955. PPCBL was organized and being managed on the principal of voluntary and open membership, democratic member control, member economic participation, autonomy, independence, self-help, and mutual cooperation.. To find out more, visit www.ppcbl.com.pk

Guardian is a registered trademark and the Intellectual Property of INIT (Pvt) Ltd. The Guardian Solution Suite is an integrated platform of capabilities / modules which delivers digitalization for Operational Risk Management, Compliance Management and Audit Management functions of an organization. Cross-collaboration across the modules thus delivers a One-Version-Of-Truth through a Centralized Repository of information, on which efficiencies for Process Automations, Workloads Distribution and Team Collaboration are delivered. More on the INIT – Guardian Solution can be found at www.init-global.com/guardian

INIT (Pvt) Ltd is a multi-disciplinary technology company, delivering cutting-edge solutions and services for both local and foreign clients. INIT is the first AWS Advanced Tier Services Partner headquartered in Pakistan, delivering Implementation and Consultancy services on Amazon Web Services (AWS) for both local and international customers. The Solution Portfolio for INIT extends beyond Cloud Services, with the company delivering Enterprise Products, Customized Solutions and IT Services to organizations. More on INIT can be found at www.init-global.com