PHOTO
Kuwait Finance House (KFH) announced the successful launch of the digital service “opening bank account online” for new customers, citizens and residents within minutes without having to visit the branch.
The Acting General Manager of Retail Banking at KFH - Khaled Al-Subaiei said that, in line with the financial technology strategy (FinTech), the new service allows new KFH customers who do not have any bank accounts at the bank, to open a bank account online through the KFHonline Application on mobile.
The service is tailored as per the highest levels of ease and safety, with the implementation of the electronic signature, through the digital signature service in collaboration with the Public Authority for Civil Information.
Al-Subaiei added in a press release that KFH completed all necessary procedures, tests, and required regulatory approvals, before launching the service.
He praised the collaboration with the AION digital banking platform, which provides a set of unique features, including verification of official scanned documents, scanning and copying of digital documents, facial recognition and customer matching using the latest technologies.
He illustrated that KFH is moving forward in its innovation approach and digital transformation strategy for KFH banking services, in efforts to give customers exceptional banking experiences.
Al-Subaiei pointed out that the service is available to citizens and residents in the State of Kuwait, starting from the age of 17, according to the bank’s terms and conditions. He explained the collaboration with AION, which teamed up with (KFH-Bahrain) to launch the “Jazeel” digital platform. Jazeel banking provides the service of opening bank accounts in Bahrain remotely without the need of visiting the branch, and within minutes without the hassle of traveling, for citizens of the Gulf Cooperation Council countries residing in the Gulf, along with a package of the best digital banking solutions.
Kuwait Finance House (KFH)
KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in the field of Islamic banking services, where it offers a wide array of Islamic financial products and services, not to mention a high standard of innovation and customer service.
KFH manages its operations in the GCC, Asia, and Europe through over 520 branches, including KFH-Turkey, to offer services for the bank's customers in Turkey, Malaysia, Saudi Arabia, Bahrain, Germany, and the UAE.
KFH's mission is to achieve highest levels of excellence and innovation in the field of customer service, while developing common interest for all those concerned with the financial institution. KFH's vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world.
KFH's values include cementing leadership through all its businesses, including leadership in the Islamic banking services worldwide, through innovation, superior customer service and the development of its employees. In addition, KFH is committed to all its procedures, and to setting up long-life partnerships with the concerned authorities.
For more information, please visit: www.kfh.com
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
