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KFH and Aion Digital sign agreement

Wednesday, 03 24 2021, Category: Banking, Country: Kuwait
Kuwait Finance House (KFH), the world leading Islamic financial institution, has signed an agreement with Aion Digital, a digital-first banking platform, to transform all functions of Retail and Corporate Banking services at the bank.

Under this agreement, KFH will drive its expansion plans through digitisation of its Retail and Corporate Banking services. This will enable a secure and efficient digital omni-channel platform that has open APIs. Furthermore, Aion Digital will design, develop, configure, and implement a leading and modern Digital Banking Platform to enable KFH’s digital transformation and enhance its value proposition in delivering high quality and digital-first products and services to its customers.

Aion’s role as the digital banking technology partner will be to provide the Aion Rubix Next-Generation Enterprise Digital Banking Platform that delivers on the bank’s requirements and the bank’s desired digital capabilities. This will enable the bank to offer unique customer digital journeys that facilitate digital banking services in a flexible timeline for KFH to offer valuable services to its Banking Customers.

In addition to the launch of the first ever digital onboarding solution in Kuwait last year, this new collaboration will allow KFH to consolidate its position as a pioneer digital and retail player in the GCC Banking industry.

Source: Trade Arabia
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