Knowledge Center
This International Literacy Day, Step Towards Financial Freedom with Soneri Products.
At Soneri Bank, we believe true literacy is not just about reading and writing, it’s about making informed financial choices. On this International Literacy Day, explore how our products guide individuals, women, freelancers, and families towards a brighter, more empowered tomorrow. Literacy gives you freedom of choice. Financial literacy gives you freedom of control. Soneri …
FINANCIAL LITERACY SE MILAY IKHTIAR
Discover how financial awareness puts you in control of your future. Current Account An account for everyday use. No profit, but unlimited transactions. Ikhtiar Account gives you full flexibility – spend, pay, and manage freely. Minimum Balance The amount you need to keep for added benefits. Maintain just Rs. 25,000 in your Soneri Ikhtiar …
Islamic Banking Growth in Pakistan
Over the years, Islamic Banking Industry (IBI) has shown phenomenal growth, with 20% share in total assets, 25% in advances and 22% in deposits of the overall banking industry as of Dec-22. Today, IBI network comprises 22 Islamic banking institutions, i.e. 5 full-fledged Islamic banks and 17 conventional banks (~80% of total), having Islamic banking branches.
Financial Literacy And Capacity Building
Pakistan has a population that is in excess of 180 million people. However, penetration in the financial sector is extremely low, with only 2.4% of the population having access to credit from formal financial sources. Out of the total adult population of Pakistan, the financially excluded population make up 53%.
Few Global Developments and Evolving Trends
To remain competitive, banks globally are focusing on mobile-first; end-to-end friction-less journeys and hyper-personalized experiences, through an eco-system of third parties, leveraging customer data to offer smart propositions tailored around lifestyle needs.
What is Fintech?
Combining the words ‘financial’ and ‘technology’, fintech is technology-enabled financial innovation, which is changing the way financial institutions provide – and consumers and businesses use – financial services.
Although ‘fintech’ is a relatively new term, innovation has always been important in the financial sector. The key difference now is the pace and impact of change.