PHOTO
Manama, Bahrain - Bahrain Islamic Bank (BisB) has recently announced the launch of its in-house innovation lab, a dedicated creative space that will allow the Bank to perform exploratory test runs, in an effort to continually improve new banking products and services before they are deployed in the market. The unveiling of the Innovation Lab is part of the Bank's drive to harmonize financial technology with its business operations, in order to deliver superior integrated financial solutions to satisfy its customers’ expectations. Launching of BisB Innovation Lab is one of the major achievements done by the IT team in the Bank, which will be in line with the Bank’s strategy” Ishraq”, specially about the digitization.
Mr. Hassan Jarrar, Chief Executive Officer of BisB, said, "The inauguration of this lab stems from the need to create an innovative work environment that inspires creativity, thinking outside the box and brainstorming new ideas. We have equipped the lab with advanced technology in order to empower our IT team with the ability to pilot and test drive new products currently available in the digital market, leveraging digital interfaces within the Bank's systems in order to design new solutions in the FinTech field."
Mr. Jarrar also stated, “The Lab is automated with biometric authentication for added security measures, and is equipped with various new technologies, including Location Based Services, Self-Service Machines, New Generation ATMs, robotics, digital banking services, instant cheque book and card printing services. It also comprises a Virtual Voice Assistant, which will enable our retail and corporate customers to chat online, allowing them to manage their financial business faster in a simplified and hassle-free manner.” He added, "The possibilities are endless, our employees can utilize the lab to demonstrate potential services, identify the business value of trending technologies, and experiment with services remotely before they go-to-market. Moreover, the lab will play a pivotal role in facilitating the exchange of ideas, serving as a creative space, further promoting a culture of innovation within the Bank. Similarly, the lab will be used for internal meetings as a more interactive space, conducing more thought-provoking collaborations with our partners and vendors to contribute to the banking industry’s digital evolution.”
Mr. Hassan Jarrar concluded, “We are continually seeking new ways to streamline our operations in order to transform the lives of our customers, by enabling them to work and live better through innovative, simple solutions that facilitate their banking transactions.
-Ends-
© Press Release 2018Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
