BisB witnesses massive surge in corporate account opening digital service

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Bahrain Islamic Bank (BisB) has announced an upsurge of new customers that registered for the banks’ End-to-End Mobile Account Opening for Corporate Customers service. Since the launch of the bank’s corporate innovation in September 2020, approximately 508 corporate customers opened an account digitally.

The banks’ end-to-end digital service allows both individual establishments and Sijili customers to open a corporate account using advanced facial recognition technology via the Bank’s corporate mobile application, BisB Corporate Digital, within a matter of minutes.

Wesam Abdulaziz Baqer, Chief Corporate and Institutional banking at BisB, stated, “The corporate account opening digital service is another giant step in achieving our strategy of simplifying money matters for our customers.”

With the quickest time reported of opening an account standing at 4 minutes, the bank said it also witnessed a surge in positive reviews from corporate customers.

Ali Hassan Ibrahim, the founder of ISoft Information Technology, a company specializing in mobile applications, eCommerce, and digital transformation, commented on his experience using the BisB Digital App to open a corporate account. “The process was much easier than I expected; through my experience with other banks, only initial parts of the process were digital, but to complete a service there was always a required bank visit.”

Nasreen Saif, founder of Meal Craft, and Abdullah Mohammed, founder of B-Roll Photography echoed Ali Hassan’s sentiments regarding the convenience and speed of BisB Digital App’s service.

“I work with a lot of brands, and local ministries; the transference of my banking transactions to a fully digital platform has been very practical, especially during a pandemic where physical interaction is best avoided,” said Abdullah Mohammed.

To ensure the highest level of security, the fully digitally automated service requires customers to sign up via face ID Selfie as an added level of authentication, in addition to uploading a smart card image.

After validating the information provided, customers will be able to immediately apply for any of BisB’s products Wesam Abdulaziz Baqer and services.