Search by Popular Categories


  • Consumer

  • Commercial

  • Construction

  • Industrial

  • Oil & Gas

  • DIAMOND SPONSOR

COMMERCIAL NEWS

Bank ABC selects Backbase to develop digital banking platform

Apr 19, 2017 4:50 PM

Bahrain-based Bank ABC has selected Backbase a state-of-the-art digital banking software solution to develop its next generation digital banking platform for retail and wholesale banking across its network....

Bahrain-based Bank ABC has selected Backbase, a state-of-the-art digital banking software solution, to develop its next generation digital banking platform for retail and wholesale banking across its network.

Bank ABC, founded in 1980, is an international bank with its network spreads across five continents, covering countries in the Middle East, North Africa, Europe, the Americas and Asia.

In its plans to expand digitally, Bank ABC selected a partner that could help it innovate across web and mobile to streamline their front-end features and achieve the latest in digital banking innovation - as well as provide ease in upgrading the existing platform, implementation and in supporting multi lingual requirements across the new digital platforms, said a statement from the financial institution.

Backbase was selected on the basis that it is the most recognised global market leader in providing digital omni-channel banking solutions and helping banks towards their digital transformation, it said.

Bank ABC’s new digital banking platform will enhance the online customer banking experience through facilitating customer journeys by providing a full range of secure banking self-services, including current accounts, savings, fund transfer, payee management, loans, bill payment, ATM\Branch locators and card services accessing these across web and mobile devices, it added.

Moreover, customers in Jordan were able to access the new web digital banking platform earlier this month from April 2.

Sael Al Waary, group deputy chief executive officer of Bank ABC, said: “Our region is very dynamic, and technology is rapidly changing the banking landscape where we are seeing an increase in banks seeking flexibility and agility in introducing new banking products to the market across different channels.”

“Our new digital platform ensures that not only will we continue to have a competitive advantage in this evolving landscape, but that we have put everything in place to succeed in our global digitalisation expansion,” he said.

Jouk Pleiter, chief executive officer, Backbase, said: “It is rewarding to see that more financial institutions in this region are turning towards integrating our company’s digital banking platform to help support their next phase of growth in digital banking.”

“In the past years our platform has experienced a strong adoption amongst banks in this region wishing to upgrade their existing legacy and respond to the ever growing changing needs of the connected consumer,” he said.

“Bank ABC has all the power to be successful, and we are delighted that they have chosen our omni-channel banking platform to accompany their expansion and digital transformation,” he concluded. – TradeArabia News Service

Premium Partners - commercial

COMMERCIAL NEWS

Batelco, Nokia to deliver 5G private wireless networks in Bahrain Mar 26, 2024 15:42 PM

Batelco part of the Beyon Group and Nokia the market leader in 5G...

Tamkeen and BIBF partner to empower Bahrainis Mar 25, 2024 16:23 PM

Bahrain s Labour Fund Tamkeen has announced its support for Bahrainis...

Bank ABC approves cash dividends of $70m, a 50pc rise YoY Mar 25, 2024 09:32 AM

Bank ABC a leading Mena bank has received shareholders approval...

Flooss fintech platform wins Sharia-compliant certificate Mar 21, 2024 16:47 PM

Flooss a pioneering fintech platform has announced its status as...

Digital channels save 85pc government costs in Bahrain: iGA Mar 21, 2024 09:24 AM

Some 10.4 million government transactions were conducted through...

NBB launches innovative digital personal financing Mar 20, 2024 16:10 PM

The National Bank of Bahrain (NBB) has announced the launch of its...