BenchMatrix, a leading technology solutions provider for the financial industry, has announced a strategic partnership with Vital Information Services Pvt. Ltd. (VIS), a prominent credit rating agency in Pakistan. This collaboration is set to deliver transformative, technology-driven solutions to enhance Pakistan’s financial ecosystem by combining BenchMatrix’s cutting-edge tech platforms with VIS’s domain expertise in credit and risk ratings.
The partnership aims to develop forward-looking, integrated solutions that meet the evolving needs of financial institutions in an increasingly digital landscape. By aligning their core strengths, BenchMatrix and VIS seek to bring innovation, sustainability, and resilience to financial risk assessment and management processes across the country. Financial institutions are now under growing pressure to modernize their operations and respond swiftly to dynamic market conditions, and this alliance arrives at a critical juncture.
VIS has a longstanding reputation in Pakistan’s financial sector, providing a wide range of rating services including Bank Loan Ratings, Environmental, Social, and Governance (ESG) Ratings, and Project Finance Ratings. These services have been instrumental in driving transparency, accountability, and trust within the financial system. Through this collaboration, VIS will leverage BenchMatrix’s robust technological infrastructure to enhance the delivery and effectiveness of its rating methodologies.
BenchMatrix, known for its focus on governance, risk, and compliance (GRC) solutions, will provide the technical foundation for digitalizing complex rating workflows, automating risk assessments, and enabling real-time decision-making tools for banks and financial institutions. The aim is to shift from traditional, paper-intensive systems to agile, data-driven platforms that offer actionable insights and improve regulatory compliance.
In the context of Pakistan’s digital transformation agenda, this partnership also underscores a shared vision of driving long-term change in how the financial sector operates. With increasing focus from the State Bank of Pakistan (SBP) and other regulatory bodies on digital governance and ESG frameworks, BenchMatrix and VIS are poised to support financial institutions in aligning with international best practices while staying responsive to local compliance requirements.
The collaboration has also garnered support from key professionals involved in the initiative, including Taimur Kaleem, Faisal Faheem, Muhammad Bilal Aftab, Shahzaib Hussain Bukhari, Mahir Rafiq (ACCA), Shereen Akram, Juzer Shabbir, and Hasan Ali—each bringing expertise across risk management, finance, and technology domains.
As Pakistan’s financial landscape continues to evolve with increasing digitization, the strategic partnership between BenchMatrix and VIS stands as a testament to the importance of integrated technology solutions in advancing financial infrastructure. By combining deep analytical capabilities with agile tech platforms, the two companies aim to enable a smarter, more resilient financial system.
Read the full announcement here: https://shorturl.at/qxL6f
