Boubyan Bank Partners with iGTB to Elevate Digital Banking Services
Boubyan Bank, a leading Islamic bank in Kuwait, has successfully launched the second phase of its digital transformation initiative in collaboration with Intellect Global Transaction Banking (iGTB). This phase introduces advanced digital banking solutions aimed at enhancing financial efficiency and operational agility for corporate and SME clients across various industries, including oil and gas, telecom, fintech, real estate, manufacturing, and trading services.
The implementation is powered by Intellect’s eMACH.ai Wholesale Banking platform, which offers enterprise-grade technology tailored to meet the unique challenges of these sectors. This strategic move aligns with Boubyan Bank’s commitment to innovation and customer-centric Islamic banking, positioning the bank as a pioneer in Kuwait’s digital banking landscape.
Manish Maakan, CEO of Intellect Wholesale Banking, expressed pride in the partnership, stating, “We are proud to partner with Boubyan Bank, a leader in innovation and customer-centric Islamic banking in Kuwait. This implementation reflects our shared vision to deliver comprehensive transaction banking services that empower corporate and SME clients while enhancing operational efficiency and customer experience.”
This collaboration marks iGTB’s third major digital transformation project in Kuwait, reinforcing its commitment to the region and its role in advancing digital banking solutions. The successful deployment of these solutions is expected to provide Boubyan Bank’s clients with seamless user experiences, improved operational efficiency, and real-time insights, thereby fostering a culture of digital self-service.
As Kuwait strives to become a regional leader in digital technological innovations under its Vision 2035 “New Kuwait,” partnerships like that of Boubyan Bank and iGTB are pivotal. They not only enhance the digital infrastructure of financial institutions but also contribute significantly to the country’s goal of becoming an international trade hub.
In summary, the collaboration between Boubyan Bank and iGTB signifies a significant advancement in Kuwait’s digital banking sector. By leveraging cutting-edge technology and a shared commitment to customer-centric services, both institutions are set to redefine the digital banking experience for corporate and SME clients in the region.
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