INIT is pleased to announce that the complete suite of our product Guardian has been selected by Summit Bank for delivering efficiencies across the Risk Management, Compliance Management and Audit Management functions of the organization. The Guardian solution shall enable an integrated 360° View across executions for Risk Management, Compliance Management and Audit Management for Summit Bank, thus streamlining processes and deliverables across the various Groups and Departments of the organization. The capabilities of the solution shall enable Centralized Management of information, Point-in-Time Reporting and Team Collaboration, allowing for Improved Visibility, Timely Executions and Prioritized Deliverables across work-functions.

Imran Chapra, Head of Internal Audit & Inspection | Summit Bank, said “Independent Assurance is critical for organizations, allowing for an objective analysis of the governance and operating practices of the business for the purpose of achieving maturity and improvements. With the implementation of the Guardian Solution Suite, integrated workings across the Risk and Compliance functions shall enable transparency and visibility to Audit, helping us to deliver efficiencies across the Independent Assurance functions of the organization.”

Iqbal Ahmed, Head of Information Technology | Summit Bank, said “IT plays a vital role in any organization. Technology is now a necessity for businesses, to leverage the advantage of streamlined processes, faster collaborations and optimized executions for delivering better services to the market. The onboarding of the Guardian Solution Suite is just one step in our digitalization efforts. We are working towards the objective of having Technology deliver optimization across all functions of the bank, with digitalization delivering internal efficiencies for our colleagues and excellent services to our customers.”

Wing Commander (retd) Muhammad Zia Ul Haque, CEO | INIT, said “We believe in technology helping organizations achieve better results. Our products and solutions, which are robust and cost-effective, thus help organizations adopt technology for delivering business benefits both internally and to the market. Summit Bank is another addition to our clientele in the Banking Industry, having selected our solution for the business benefits it offers, and we look forward to delivering the Value of our Gurdian Solution Suite to the organization.”

Summit Bank is a Pakistani commercial bank, which is a subsidiary of Suroor Investments Ltd., a Mauritius investment company. With the Head office located in Karachi, Pakistan, it has a network of 193 branches across the country. Aspiring to become the bank of preferred choice, Summit Bank has decided to convert itself into a full fledge Islamic Bank. Guided by an eminent board of Shariah scholars and practitioners with extensive experience in the field, Summit Bank is now offering Islamic banking opportunities with an extensive range of Products & Services. Details on the company can be found at www.summitbank.com.pk

Guardian is a registered trademark of INIT (Pvt) Ltd. The Guardian Solution is the Intellectual Property of INIT (Pvt) Ltd. The Guardian Solution Suite is an integrated platform of capabilities / modules which delivers digitalization for the 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 clients. The Solution Portfolio for INIT extends beyond Cloud Services, with the company delivering solution-products for Legal Management, GRCA and HR, and solution-services for Mobility, Customized Development and Security. More on INIT can be found at www.init-global.com