Bahrain Islamic Bank posts big response to mobile corporate accounts

Banks’ end-to-end digital service allows both individual establishments and Sijili customers to open a corporate account using advanced facial recognition technology

  

Bahrain Islamic Bank (BisB), a top provider of Sharia compliant financial solutions, has announced an upsurge of new customers that registered for the bank’s End-to-End Mobile Account Opening for Corporate Customers service.

Since the launch of the bank’s corporate innovation in September 2020, with approximately 508 corporate customers being able to open an account digitally.

The banks’ end-to-end digital service allows both individual establishments and Sijili customers to open a corporate account using advanced facial recognition technology via the bank’s corporate mobile application, BisB Corporate Digital, within a matter of minutes.

Through the seamless application, the service provides the ultimate level of convenience completely eliminating the hassle of customers visiting any of the bank’s branches or Financial Malls in person.

Wesam Abdulaziz Baqer, Chief Corporate and Institutional banking at BisB, stated: “The corporate account opening digital service is another giant step in achieving our strategy of simplifying money matters for our customers. At BisB, we believe in always pushing the boundaries of innovation in order to deliver banking solutions that will streamline our customers financial transactions.

“With convenience playing a central role in our delivery, we aim to support local businesses and SMEs by giving them the solutions needed to enhance their financial operations. Our successful strides in the digital banking landscape have further cemented the bank’s position as a leading financial institution in the Kingdom of Bahrain.”

With the quickest time reported of opening an account standing at four minutes, the bank also witnessed a surge in positive reviews from corporate customers, that praised the convenience and seamlessness of registration from the comfort of their own home, especially during the ongoing Covid-19 pandemic.

Ali Hassan Ibrahim, the founder of ISoft Information Technology, a company specializing in mobile applications, ecommerce, and digital transformation, said: “The process was much easier than I expected; through my experience with other banks, only initial parts of the process were digital, but to complete a service there was always a required bank visit.

“While using the BisB App, the service was executed digitally from end to end, and was complete in a matter of minutes. As a business owner, banking digitally with BisB has even improved workflow of employees internally, as time used for official and financial transactions has been cut down substantially.”

To ensure the highest level of security, the fully digitally automated service requires customers to sign up via face ID Selfie as an added level of authentication, in addition to uploading a smart card image. After validating the information provided, customers will be able to immediately apply for any of BisB’s products and services, enjoying a seamless banking experience. – TradeArabia News Service

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