BBK Partners with iGTB for Digital Transformation

Rashad Akbari, Assistant General Manager, Operations, BBK added: Bahrain’s banking industry remains its largest non-oil GDP contributor. The country is driving numerous initiatives in order to transform itself into an innovative finance hub in the Gulf Region. With these initiatives come new opportunities for financial technology companies and institutions aimed at digital transformation. Consequently, the country is in need of robust, affordable, and risk-alleviating solutions, given the continuous rise in smart phones and internet usage. Digital banking is the way to go, and BBK’s choice to partner with iGTB, with its superb customer experience in its customer-facing channels, will ensure that we are a step ahead and future-ready.

Mr. Manish Maakan, CEO, iGTB, said: “BBK join a growing body of nearly 30 transaction banks with iGTB’s DTB. This digital transformation initiative based on our model-bank repertoire of proven customer journeys will completely transform BBK’s cash management and trade finance services. This solution will provide a superb digital banking user experience, with end-to-end integration that allows the bank to create fully customized products and services over multiple channels. The bank’s clients can also enjoy full transparency and real-time information on the health of their working capital at any stage of the cash management lifecycle. The front-end client interface will be provided by iGTB’s Corporate Banking Experience (CBX), the award-winning omni-channel portal that will access and deploy DTB’s underlying product processors, such as Accounts Services, Payments, Collections and Receivables and many more.”