Home GCC Bahrain Bahrain’s Bank ABC launches digital, mobile-only bank The digital bank is to be introduced across the MENA region by Zainab Mansoor November 28, 2019 Bahrain’s Bank ABC has launched a digital, mobile-only bank locally, which is soon set to be expanded across the MENA region. The ‘ila’ bank – Arabic for the word ‘to’ – is aimed to grow the financial services sector by combining technology with a humanised design, a statement said. The bank will offer personalised banking and financial management methods, supported by technology and data analytics. Khaled Kawan, group CEO, Bank ABC said: “Digital transformation presents a huge opportunity to drive lasting positive change throughout the kingdom.” Ila bank’s initial product and service offerings include: • Customers to come onboard digitally with only two forms of identification (ID) and a selfie • Users are issued a virtual debit card as soon as they get onboard for online transactions • Flexible funding options, including in-app integration • Multiple foreign currency accounts to be linked to a single card • Digital DNATM Customer Assistant Fatema, for customer engagement via social media platforms and, to answer customer queries via ila’s website. 0 Comments