Kuwait Finance House (KFH) is the first bank in Kuwait, which operates solely in accordance with the Islamic Shari’a compliant banking system. Established in 1977, it is today one of the top Islamic financial institutions in the world, a pioneer in not just Islamic banking industry, but in the banking sector as a whole. It has a wide range of Shari’a compliant banking products and services, covering real estate, trade finance, investment portfolios, commercial, retail and corporate banking. The bank has presence in Kuwait, Bahrain, Saudi Arabia, UAE, Turkey, Malaysia, Germany, UK, Egypt, Oman and Libya.
What is unique about the bank is that in spite of being an Islamic banking pioneer, it makes use of digital capabilities fully. It has been an early adopter of technology and has an array of cutting-edge digital financial solutions. It is equipped to offer the best and most efficient solutions and services in the financial services domain to its customers.
35 TRANSFORMATIVE PROJECTS
In 2023, the bank had successfully implemented more than 35 projects, services and products using digital technology and created a very robust and advanced tech infrastructure. It has now significant programs to make use of AI, data engineering and digital product design to introduce highly reliable and quality products, conforming to regulatory controls, e-governance and cybersecurity protocols. Its avowed aim is to enable its customers to conduct all their banking transactions electronically anytime and anywhere.
Denne historien er fra June 2024-utgaven av Banking Frontiers.
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Denne historien er fra June 2024-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Swedbank leverages data to the hilt
Sweden's Swedbank takes innovation to a different level by collaborating with other competing banks:
Digitization is for customer satisfaction, says Argenta Bank
Belgium's Argenta Bank has designed its digitization efforts to enhance customer experience:
Speed, Safety, Compliance
Brijesh Samantaray, Co-founder, Propelld shares the current trends in the education loans how the company is leveraging technology:
Unique methods in fraud perpetration
When we look at some of the very serious frauds that had taken place in the financial realm, it is evident that the perpetrators are somewhat ingenious:
NBFCs: Elevating Organizational IQ
What is more important than hiring smart people is raising organizational IQ. This topic was discussed in depth in a panel discussion at NBFC's Tomorrow conclave organized by Banking Frontiers. Edited excerpts:
Trustful Transformation
Transformation is no longer only about growth & efficiency. It involves aspects like compliance, security and explainability that are impacting NBFCs. These issues are explored in this panel at NBFC's Tomorrow:
CEO Panel: Connecting Traditional Wisdom with Modern Intelligence
Banking Frontiers organized its annual NBFC Conclave titled NBFC's Tomorrow in August 2024 at Mumbai. Highlights of the first panel discussion:
NBFCs EXPERIENTIAL EVOLUTION, TRUSTWORTHY TRANSFORMATION
Banking Frontiers organized NBFC's Tomorrow, its annual NBFC Conclave, in Mumbai on August 21. The program comprised panel discussions on 5 upcoming opportunities for the NBFC sector, along with presentations, fireside chats and a keynote address. Edited excerpts from the conclave:
Smart ATMs - an indication of a resurgence
Smart ATMs can be the future way of how one may be interacting with a bank and doing transactions:
Personalization scores with HNWI & YP
Ghulam Haidar Rasooli, Chief Financial Officer at Afghanistan based Ghazanfar Bank, reveals the impact of personalization and future roadmap:
