Kuwait Finance House (KFH) will be digitizing its entire retail and corporate banking suite to support its growth strategy.
The transformation will be supported by Aion Digital which will design, develop and implement a digital banking platform for the Islamic bank in its capacity as KFH’s digital banking technology partner. This engagement follows a previous partnership through which Aion Digital assisted the bank to roll out Kuwait’s first digital onboarding solution last year.
The platform Aion Digital will be using in this transformation journey is known as Aion Rubix, designed to shorten product development time and accelerate time-to-market. Along with the enabling technologies such as facial recognition, fraud analysis, optical character recognition and selfie checks, Aion Digitals ready-to-go banking with over 200 pre-integrated customer journeys will also provide KFH with the flexibility to customize their core-independent development, to facilitate digital innovations from back-end systems.
This is part of the Islamic bank’s transformation strategy toward a vision where digital delivery of its products will lead the way towards the adoption of cashless and digital financial solutions.