Kuwait Finance House (KFH) announced the successful launch of the digital service “opening bank account online” for new customers, citizens and residents within minutes without having to visit the branch.
The Acting General Manager of Retail Banking at KFH - Khaled Al-Subaiei said that, in line with the financial technology strategy (FinTech), the new service allows new KFH customers who do not have any bank accounts at the bank, to open a bank account online through the KFHonline Application on mobile.
Al-Subaiei added in a press release that KFH completed all necessary procedures, tests, and required regulatory approvals, before launching the service.
He praised the collaboration with the AION digital banking platform, which provides a set of unique features, including verification of official scanned documents, scanning and copying of digital documents, facial recognition and customer matching using the latest technologies.
He illustrated that KFH is moving forward in its innovation approach and digital transformation strategy for KFH banking services, in efforts to give customers exceptional banking experiences.
Al-Subaiei pointed out that the service is available to citizens and residents in the State of Kuwait, starting from the age of 17, according to the bank’s terms and conditions. He explained the collaboration with AION, which teamed up with (KFH-Bahrain) to launch the “Jazeel” digital platform. Jazeel banking provides the service of opening bank accounts in Bahrain remotely without the need of visiting the branch, and within minutes without the hassle of traveling, for citizens of the Gulf Cooperation Council countries residing in the Gulf, along with a package of the best digital banking solutions.
Kuwait Finance House (KFH)
KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in the field of Islamic banking services, where it offers a wide array of Islamic financial products and services, not to mention a high standard of innovation and customer service.
KFH manages its operations in the GCC, Asia, and Europe through over 520 branches, including KFH-Turkey, to offer services for the bank's customers in Turkey, Malaysia, Saudi Arabia, Bahrain, Germany, and the UAE.
KFH's mission is to achieve highest levels of excellence and innovation in the field of customer service, while developing common interest for all those concerned with the financial institution. KFH's vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world.
KFH's values include cementing leadership through all its businesses, including leadership in the Islamic banking services worldwide, through innovation, superior customer service and the development of its employees. In addition, KFH is committed to all its procedures, and to setting up long-life partnerships with the concerned authorities.
For more information, please visit: www.kfh.com
© Press Release 2020