Tuesday, August 20, 2019

Kuwait Finance House – Bahrain Wins “Best Use of Technology in Fintech Solutions” Award

Kuwait Finance House (KFH) – Bahrain has successfully attained yet another milestone achievement, following the announcement of Global Business Outlook (GBO) during the fifth edition of GBO’s Annual Business awards ceremony, where the Bank was awarded “Best Use of Technology in FinTech Solutions” in the Banking category, for the Bank’s mobile application “KFH Jazeel Banking”.

With locations around the world, the Global Business Outlook (GBO) awards aim to recognize and reward excellence in innovation, creativity and the drive to create value in companies of all sizes in both the public and private sector.

On this occasion, Mr. Subah Abdullatif Al Zayani, Deputy Head of Retail Banking Group at KFH–Bahrain revealed, “KFH-Bahrain continues to enhance its position as a leading Islamic bank in Bahrain as well as a main contributor to developing the financial sector in the Kingdom. This remarkable achievement is a testament to our efforts to continue to improve banking services and products offered in order to meet the demands of customers and their expectations; and I would like to take this opportunity to congratulate the entire team for their efforts which have led to this recognition.”

“This achievement is also a reflection of the success of KFH Jazeel Banking, which is only in the first year of its launch. The application provides a comprehensive Fintech platform for all banking and community services, enabling us to push the boundaries of innovation by providing diverse digital solutions in order to meet the needs of new and existing customers. The mobile application aims to redefine the banking experience of our customers, and we are committed to offer unique features with every update released,” he added.

The latest update allows GCC customers to open accounts, conduct banking transactions and access financial services within the Kingdom of Bahrain without the need to travel, in addition to managing savings accounts, opening Wakala Investment accounts, issuing Credit Cards, alongside various other banking services. A primary feature of the platform is the eKYC “Electronic Know Your Customer” capability, which verifies individual customer information through an embedded video conferencing system fully integrated with the Bank’s call center, eliminating the need to visit any of the branches in person.

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