Kuwait International Bank chooses Mobiquity for the construction of a digital bank


[ad_1]

Mobiquity, a full-service digital transformation enabler, announced its partnership with Kuwait International Bank (KIB), a collaboration designed to support the Bank’s ambition to become a leading digital-centric Islamic bank.

Through this collaboration, KIB leverages Mobiquity’s leading talent team – which includes strategy, design and engineering capabilities – to help create a new digitally-focused bank for its retail and corporate clients.

As part of this long-term partnership, Mobiquity is building a digital experience from scratch – launching a range of digital products to attract new KIB customers to its platform. The project will involve the design and development of digital products to deliver a frictionless digital banking experience.

For the initial launch, Mobiquity is developing a selection of digital banking products, including a seamless digital integration experience, checking and savings account, payment services, and personal finance management (PFM).

The new digital banking experience is expected to be available to retail customers from summer 2021, with the migration of KIB business customers to the new platform shortly thereafter.

Commenting on the partnership, Philip Nordenfelt, Innovation and Digitization Advisor said: “KIB recognized that there were gaps in the digital financial market in Kuwait, with several opportunities available to develop this segment in its proposition and scalability. In fact, there is a clear opportunity for KIB to dominate the digital banking market. We chose Mobiquity as our development partner because of the quality of the team and its rich digital banking experience in strategy, UX design and software development.

Thierno Diallo, VP of Client Delivery, Mobiquity said, “We are honored to work with KIB to innovatively create and improve while digitizing banking products and services to better serve their customers with ease and convenience.

“With a frictionless digital banking experience, customers will be able to open a bank account in less than 5 minutes – a unique new arrangement for Kuwaiti retail and corporate banking customers, to meet growing demand for digital banking services. ”

[ad_2]

Comments are closed.