Hassan Jarrar, CEO of Bahrain Islamic Bank (BisB), recently joined a virtual panel discussion at a forum hosted by the Saudi Central Bank titled “Islamic Finance – Growth Through Innovation” held Sunday September 26. 2021. During the session, the CEO of BisB confirmed that amid the lasting consequences of the ongoing pandemic facing banks in the Kingdom of Bahrain, BisB has indeed been able to navigate it, emerging as the number one the list of digital achievements and milestones at the local level, where most of BisB’s banking transactions have been digitized, operations have been streamlined and automated, moving from a traditional banking experience to a transformative and innovative experience.
The CEO also revealed that BisB effectively encourages its clients to use the Bank’s diverse selection of digital financial services and solutions, such as the Bank’s mobile app, which enables clients to conduct their banking transactions in comfort and convenience. the security of their homes, and in record time, which has resulted in a sharp increase in the number of new accounts. Hassan Jarrar also highlighted BisB’s key digital solutions launched in line with the Bank’s technology-driven strategy, which revolves around delivering innovative financial services and products that deliver a streamlined, hassle-free experience and transformative, with a focus on a growing segment of society, namely the millennial generation and beyond. The CEO participated in the first roundtable titled âStrategies for a post-pandemic worldâ including CEOs Omar Abdulrahman AlHussain, executive vice president of retail banking at Bank Al Bilad and Arsalaan Ahmed, CEO of Al Rajhi Bank , Malaysia. The panel was moderated by Mustafa Adil, head of Islamic finance data and analysis at Refinitiv.
Commenting on the occasion, Hassan Jarrar, CEO of BisB, said: âThese conferences are crucial as they provide us with a platform to exchange valuable knowledge and discuss trends, thus ensuring the sustainable development of the Islamic banking sector at the same time. at regional and global level. Our participation in these forums aligns with our strategic vision to drive growth and contribute to the development of the sector, which provides key innovative information, in turn encouraging the improvement of relevant solutions that simplify banking transactions for our post-clients. pandemic.
Participants discussed the most important mechanisms for industry leaders to meet and adapt to the challenges posed by the pandemic, including the need to adopt the mindset required across the industry in order to drive the digital transformation and evolve the existing banking experience in the future. In addition, panelists exchange ideas on the future of Islamic banking, including the importance of cooperation with FinTech companies and the establishment of relevant regulations established by central banks, authorities and policy makers.
Islamic Bank of Bahrain BSC published this content on 03 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 03 October 2021 13:30:04 UTC.