As part of its efforts to deliver on its
promise of simplifying its customers’ money matters and transforming the face
of the traditional customer service, Bahrain Islamic Bank (BisB) recently
launched its latest digital innovation for its corporate customers. The new
end-to-end digital service allows individual establishments and Sijili
customers to open and operate a corporate account using facial recognition via
the Bank’s corporate mobile application, BisB Corporate Digital, in a few
minutes. The launch of this latest Corporate service completely eliminates the
hassle of customers needing to physically visit the Bank’s branches, providing
the ultimate level of convenience and increased level of safety considering the
ongoing COVID-19 pandemic.
“The launch of our latest digital service
is a significant milestone for the Bank as the first Bank in Bahrain to offer
end-to-end corporate account opening online in such a reduced time, and has
established a new benchmark for the entire industry, opening up a whole new
world of opportunity for our corporate division by providing an unparalleled
level of convenience. This comes in line with our Simplification strategy at
BisB, which seeks to push the boundaries of innovation by launching
digitally-empowered solutions to provide a transformed customer experience by
enabling businesses and corporates to swiftly go about their daily business with
increased efficiency. We are confident this achievement will contribute towards
strengthening the Kingdom’s position as a leading financial and fintech hub in
the region,” said the Chief Corporate & Institutional Banking, Mr. Wesam
Baqer.
“This digital innovation goes beyond
creating an improved experience for the Bank’s corporate customers by offering
increased convenience through a simplified process and shorter time frame. The
launch of this service will revolutionise finances for corporations in the
Kingdom of Bahrain, because we can better cater to more diverse segments in a
far more holistic manner, for the likes of aspiring entrepreneurs and start-up
businesses, or Instagram-based businesses. Combined with the power of being
able to register for a Commercial Registration via the Kingdom’s Virtual CR
system, Sijili, this simplifies the process for any business that wants to
start a new business in Bahrain, further contributing towards the growth of the
Kingdom’s budding entrepreneurial ecosystem,” he added.
To ensure the highest level of security,
customers are requested to upload a copy of their Identity Card once they sign
up, using facial recognition as an added level of authentication. Once verified
by the Bank, customers can immediately apply for any of BisB’s corporate
products and services and enjoy a seamless banking experience at their
convenience.