Codebase Technologies and BCFC Recognized as Regional Winners at IBS Intelligence Digital Banking Awards 2024

TDT | Dubai

The Daily Tribune - www.newsofbahrain.com

Codebase Technologies and Bahrain Commercial Facilities Company (BCFC) are selected as regional winners at the esteemed IBS Intelligence Digital Banking Awards 2024. This accolade highlights the exemplary collaboration between Bahrain Commercial Facilities Company, Codebase Technologies and Atyaf eSolutions in launching the Sahel App, a cutting-edge digital lending platform that is revolutionizing the financial services sector in Bahrain and is powered by Codebase Technologies’ Digibanc platform.

Abdulla Bukhowa, Chief Executive Officer of BCFC, expressed his pride in the award, stating, “This award is a testament to the dedication and hard work of our teams. The Sahel App marks a significant milestone in our digital transformation journey, and we are honored to receive this accolade alongside Codebase Technologies.”

The IBS Intelligence Digital Banking Awards are a benchmark of excellence in the global financial services industry, celebrating innovation and superior performance in digital banking and fintech solutions. The award conferred on Codebase Technologies and BCFC underscores a joint commitment to driving digital transformation and enhancing customer experiences in the financial services domain.

"We are immensely proud to support innovative organizations like BCFC. Winning the IBSi Digital Banking Award 2024 is a testament to the power of successful collaborations. Our commitment to providing cutting-edge solutions enables our partners to achieve remarkable results, demonstrating the transformative impact of technology in the banking sector," commented Tamer Al Mauge, Managing Director – MENA, Codebase Technologies.

The Sahel App has achieved several significant milestones that underscore its innovative impact on the Bahraini market. Within the first three months of its launch, the app has exceeded the target number of active users and facilitated the issuance of 50% of BCFC’s credit cards in 2024. Additionally, the app allows customers to receive lending decisions and access funds within minutes and offers the ability to compare and instantly renew motor insurance policies. These milestones highlight the app's rapid adoption and the efficiency it brings to financial services, reflecting the successful collaboration between Codebase Technologies and BCFC.

"On behalf of IBS Intelligence, I congratulate Codebase Technologies and Bahrain Commercial Facilities Co for their outstanding achievement. This project was selected by our judges for its innovative approach in the integration of instant credit card issuance, remote onboarding, and personalized features into an engaging experience that showcases both companies’ commitment to excellence in customer-centricity." Nikhil Gokhale, Director- Research & Digital Properties.