Kuwait Finance House – Bahrain, one of the leading Islamic banks and contributing to the development of the Islamic banking sector in the Kingdom, announced Bahrain, announced the signing of a strategic partnership agreement with Code Base Technologies, one of the global providers Pioneering banking solutions built with an open API.
This cooperation provides KFH with advanced digital solutions, represented by the “KFH” platform.Digibanc ™ RegReporting» which is the first automated reporting platform in the Kingdom of Bahrain, which will enhance the The level of efficiency and transparency in fulfilling the regulatory and supervisory requirements.
In view of the advances in banking and financial technologies that direct the Central Bank of Bahrain’s regulations and regulations to adopt, it has faced Internal operations are difficult to keep pace with this rapid development.
KFH-Bahrain sought to benefit from the expertise of banking solutions providers to create an automated and flexible reporting platform Regulatory and oversight, with the use of advanced technology, which was made available through its partnership with Code Base Technologies”.
KFH-Bahrain can now channel these new capabilities for rapid and comprehensive regulatory reporting from التقارير through platform «Digibanc ™ RegReporting».
Yousef Al Hammadi, Head of Financial Control and Administrative Affairs at KFH-Bahrain, said: Technology plays It plays a major role in stimulating the growth and development of the banking and financial services sector, and is constantly pushing institutions to adopt more Modern technologies within the scope of its work.
He added, “By using the pioneering solution from Code Base Technologies, we will be able to improve the pattern of our operations.” and maintaining its pace and level of quality, while adhering to the requirements of regulators).
He continued, saying: This distinguished cooperation is in line with our strategic vision for digital transformation to move to the implementation of operations in a manner fully automatic. It will provide advanced solutions from Code Base Technologies.
On his part, Rachel Iqbal, Managing Partner and Head of Global Products at Codebase Technologies, said: “We are very proud to be one of the technical partners of KFH-Bahrain in its journey towards transformation digital..
He continued, “The extent of the excellence of our digital solutions can be measured through KFH’s confidence in our services and automated platform.” Smart Bank, as the bank is one of the most prominent pioneers of the digital banking scene in the Gulf Cooperation Council countries, and we are on I am confident that Kuwait Finance House took the initiative to choose the best partner to provide it with these advanced solutions.”