1 August 2025

Libyan Islamic Bank (LIB) has deployed Backbase’s AI-powered banking platform, marking the technology provider’s first entry into Libya’s financial sector.

The launch introduces a redesigned mobile app enabling secure transactions, real-time tracking, instant payments via Libya’s central bank system (LYPAY), and personalized self-service features. LIB aims to accelerate digital-first banking in a rapidly evolving market through this partnership.

Mohamed Almabrok, LIB’s Digital Banking Platform Project Manager, emphasized the transformation: “We’re bringing world-class digital banking closer to customers with enhanced convenience and security.” The collaboration with regional implementation partner OneTech Business Solutions ensured regulatory alignment and localized execution. Aymen Daoud, Backbase’s Regional Vice President for Africa, noted the platform sets “new standards for digital-first experiences” in Libya.

The rollout represents Phase 1 of LIB’s broader digital roadmap, positioning the bank to scale services amid shifting customer expectations. Backbase’s expansion into Libya strengthens its North African footprint, emphasizing adaptive technology for financial modernization.

https://www.newsghana.com.gh/libyan-islamic-bank-launches-digital-platform-with-backbase/