Global IME Bank has signed a Memorandum of Understanding (MoU) with the International Finance Corporation to carry out a diagnostic assessment of its digital financial services and data readiness, and to explore fintech partnerships to advance embedded finance (EmFi) models.
As part of this initiative, the IFC—itself a member of the World Bank Group—will undertake an evaluation of Global IME Bank’s digital and data readiness, highlight areas for improvement, and offer strategic recommendations to enhance its digital banking capabilities. In addition, the project will explore fintech partnerships to help advance embedded finance models, allowing customers to seamlessly engage with financial services in their lives through their everyday digital interactions.
Speaking on the collaboration, Mr. Surendra Raj Regmi, Chief Executive Officer of Global IME Bank, stated, “Partnering with IFC marks a significant milestone in our digital transformation journey. This initiative will not only enhance our digital capabilities but also position us to leverage fintech innovations and embedded finance solutions, ultimately benefiting our customers and the broader financial ecosystem.
“With the IFC’s extensive global experiences in digital banking and fintech partnerships, the collaboration has the potential to create benchmarks for innovation, operational efficiencies, and seamless digital banking experiences for the banking sector in Nepal.
