Kuwait – International Turnkey Systems Group (ITS), the market leading provider for comprehensive Islamic financial solutions suite, has announced the successful installation of its pioneering ETHIX-Net internet banking modules for Kuwait Finance House, Bahrain (KFHB), further enhancing the Bank’s ETHIX Islamic finance platform. 

ETHIX-Net is a secure internet banking application and part of ITS’s ETHIX product range. The new modules enable banks to offer advanced, user friendly online banking services for both retail and corporate customers. The product is designed to be one of the core components that help Banks to transform and adapt their business in the new Digital Transformation age.

Commenting on the launch, Mr. Esam Alkheshnam, Chief Executive Officer of ITS, said: “KFHB have a strong track record leveraging cutting edge technology to elevate their customers’ banking experience and maintain market leadership. With this latest ETHIX online banking module, the Bank will deliver a new generation of online banking.” He added: “As KFHB’s long term, strategic digital partner, we look forward to further collaborations that will see the Bank pioneer the delivery of evolved banking solutions to their valued customers.” 

Mr. Abdulhakeem Y. Al-Khayyat, Managing Director & CEO of KFHB said: “Enhancing customer experience and offering the best digital banking services is our primary objective at KFH. ITS has a strong track record helping financial institutions leverage the latest technologies, so when the Bank decide to deliver next generation banking, they were the obvious choice. Upgrading our core platform with ITS’s new ETHIX Net modules will help us achieve this objectives in the long and short run.”    

As a leading integrated information technology and services solutions provider, ITS targets a wide range of industry segments to offers world-class IT solutions. The company showcases excellent technology competencies and high-end skill capabilities to meet today’s dynamic market needs. 

‘ETHIX’ is a modular banking system covering branch, international and back office activities. It includes Retail, Wholesale, Corporate, Trade Finance and other functions. It runs in more than 70 international banks in Middle East, North African, and East Asian regions, as well as the Caribbean. ETHIX is an open system that consists of multiple modules; Core Module, Central Module, Branch Module, and International Module. It is known for being secure, flexible, parameterized, multilingual, multi-branch, Real on line support for branches, and modules can be installed on a standalone mode. ETHIX represents the best process for the best performance of the customer’s journey inside the branches. 

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About ITS

Established in 1981, ITS is a leading integrated information technology and services solutions provider and a market leader in providing comprehensive Islamic financial solutions. ITS targets a wide range of industry segments to offers world-class IT solutions. ITS have a proven track record successfully implementing cutting-edge IT business solutions. ITS offers demonstrated technology competencies and high-end skill capabilities to meet the growing market needs in today’s technology driven financial environment. www.its.ws

About KFH:

Kuwait Finance House-Bahrain is a leading provider of Islamic commercial and investment banking services. Established in January 2002 as a wholly owned subsidiary of Kuwait Finance House-Kuwait, an industry leader for more than 30 years and specializes in conceptualizing the development and introduction of innovative, Islamic finance banking and investment products, all of which are delivered by a staff of experienced and dedicated professionals that are empowered to think innovatively and act strategically.

KFH-Bahrain pioneers the introduction of compelling financial solutions in a fast-growing, high-demand Islamic banking industry.

For Media Enquiries please contact:

Mr. Samer Eid

Manager, Corporate Marketing and Communications

T: +(965) 2 2409100               Email: samer.eid@its.ws

© Press Release 2018