Warba Bank, a Kuwait-beased investment bank and corporate consultancy firm, is committed to improving its digital infrastructure in response to the rapid growth in the Islamic banking sector, by applying the latest technologies that saves clients’ time and effort by allowing them to easily carry out their banking transactions online.
It has launched its latest innovation in digital banking–an application that allows clients to track their accounts and transactions carried out through their banking cards through their Apple digital watch. This step also follows the bank’s five-year strategy (2017 – 2021) adopted in cooperation with McKinsey and Company, and focuses on improving the bank’s digital infrastructure.
“Adopting digital technologies come in line with improving Warba Bank’s digital infrastructure, especially with regards to coping with the information technology advancements in Islamic banks, and presenting modern products and services to clients. Digital banking services today have transformed every smartphone into a mobile bank branch through which the client can interact with new and modern methods to carry out their banking transactions” said Haitham Al-Terkait, Technology Group Chairman at Warba Bank.
He added that Warba Bank seeks to increase its clients’ confidence by offering advanced electronic services that help them perform transactions comfortably and in full privacy. By making sure that this becomes the essence of the bank’s relationships with its clients, digital services offer multiple options that are more varied than any time before, and provide access to digital services in a way that greatly saves time and effort.
Al-Terkait said that Warba Bank plans to release a number of digital services designed to add more flexibility and efficiency to banking transactions done through the bank’s website or smartphone applications.
Warba Bank had recently achieved various achievements in terms of improving its digital infrastructure and launching innovative services, including the e-signature service launched recently in cooperation with the Public Authority of Civil Information, and which allows clients to benefit from the unique ‘Express Finance’ service. The e-signature allows clients to authorise the bank to view their information through Ci-net without having to report personally to the branch. And in terms of digital advancement that Warba Bank witnessed as well, it launched a WhatsApp service that allows clients to stay in touch with Warba Bank staff and inquire about banking operations at any time.