KARACHI - Allied Bank, one of Pakistan's leading commercial banks, has signed a strategic memorandum of understanding with the Nation­al University of Sciences & Tech­nology (NUST) to strengthen aca­demia-industry collaboration and promote innovation in fintech, digital banking, artificial intelli­gence and emerging technologies. The MoU was signed by Muja­hid Ali, Chief Technology & Digi­tal, Allied Bank, and Dr Rizwan Riaz, Pro-Rector, Research, In­novation & Commercialization, NUST, during a ceremony held at NUST in the presence of senior representatives from both in­stitutions. Under this collabora­tion, Allied Bank and NUST will establish a structured platform for knowledge exchange, applied research, talent development, and innovation-led initiatives. The partnership aims to bridge the gap between academic research and practical business applica­tions by enabling students, re­searchers, faculty members, and banking professionals to work together on real-world challenges and emerging opportunities in the financial services sector. BankIslami joins forces with EFU Life, EFU General Insurance to expand access to affordable microtakaful protection Commenting on the partner­ship, Mujahid Ali said, "This partnership reflects Allied Bank's commitment to shaping the future of banking through innovation, collaboration, and emerging technologies. By working with NUST, we aim to support applied research, de­velop future-ready talent, and explore practical solutions that can enhance digital banking and contribute to Pakistan's evolv­ing financial ecosystem.".