Global IME Bank, IFC ink deal to boost digital banking

KATHMANDU, MARCH 28: Global IME Bank Ltd. and the International Finance Corporation (IFC) have signed an agreement for advisory services aimed at advancing digital financial services and embedded finance models.

The agreement was signed yesterday by Surendra Raj Regmi, CEO of Global IME Bank, and Alain Forlemu, FIG Regional Industry Director for Asia and the Pacific at IFC.

Under this partnership, IFC—a member of the World Bank Group—will assess Global IME Bank’s digital transformation and data maturity, identify areas for improvement, and provide strategic recommendations to enhance the bank’s digital banking capabilities.

Additionally, IFC will conduct a feasibility study on fintech solutions to support the development of embedded finance models and offer advisory support to Global IME Bank.

The bank believes this collaboration will help modernize its services, making them more innovative and technology-driven.

Reaffirming its commitment to providing international-standard digital banking services, Global IME Bank expects the partnership to strengthen its digital banking operations while fostering fintech innovation and new technological advancements.

CEO Surendra Raj Regmi expressed confidence that IFC’s global expertise in digital banking and fintech partnerships will help elevate Nepal’s banking sector to new heights.