Al
Salam Bank-Bahrain last
week marked the beginning of an exciting new chapter in its ongoing journey
towards digitisation with the launch of its new mobile banking application.
The state-of-the-art app offers customers a
full suite of digital banking services including digital onboarding.
The new app is just the latest instalment in
the ongoing rollout of the bank’s digital strategy, focused on giving customers
a choice of innovative Sharia-compliant banking solutions.
It follows on from the launch of several new
digital channels to serve customers, including the Virtual Branch and WhatsApp
Banking.
Al Salam Bank-Bahrain group CEO Rafik Nayed
said, “The launch of this new app is a proud moment for Al Salam Bank. We are
continuously reviewing our offerings to best respond to the changing needs of
our customers during this unprecedented time, and this app is developed
entirely based off customer feedback. The app, which includes a digital
onboarding process, features much greater, new-to-market functionality. The
needs of our customers are changing, and we are responding. Soon, no service we
offer will require physical interaction”.
Al Salam Bank-Bahrain deputy CEO Anwar Murad
said, “Our new and improved app provides an elegant, holistic and personalised
solution for our existing and prospective customers alike. It provides them
with all our usual digital services, an exciting range of new features and even
the ability to onboard all in one place. In particular, the family accounts
service is a significant new offering, and indicative of our ultimate digital
and strategic ambitions. The app provides family members with complete freedom
of using their ATM debit cards, managing expenses easily and accessing their
account at any time. We want our services to go beyond the customer, reach the
whole household and cater to the family’s banking needs. As the world adapts to
the new reality we find ourselves in, banking needs to be more inclusive and
innovative to deliver results for all stakeholders.”
The app was developed and designed by an
in-house Bahraini team in just four months – three of which were spent working
remotely due to the bank’s strict health and safety measures during Covid-19.
The ability of the team to build the app so quickly despite the disruption of
the pandemic highlights the importance and success of the bank’s digital
strategy. Owing to this, the bank already had the necessary digital
infrastructure in place to ensure a seamless transition to the ‘new normal’
before the pandemic had even come into full force.