Rubik expands into Asia with new collaborative agreement


Australian listed fintech, Rubik Financial Ltd has signed an agreement to implement its collections platform in Asia.

Rubik has entered into a collaboration deal with one of Pakistan’s leading banks, Bank Alfalah, in order to implement its collections platform, CWX. Karachi-based Bank Alfalah will bring the total to five of the seven top banks in Pakistan now using the software, with Rubik also collaborating with partners across the UAE in Abu Dhabi and Dubai.

Rubik chief executive chief executive, Iain Dunstan said that the expansion into the Pakistani region would encourage other benefits in the region.

“This project represents an exciting opportunity to deliver the benefits our technology can offer,” he said.

“It will enable clients to better evaluate, manage and review their collections strategy, as well as greater visibility to debt portfolios than ever before.”

Rubik recently went live in Vietnam also, linking the delivery for CWX to Vietnam International Bank (VIB), of which CIMB has a 15 per cent share.