ASBB enhances Mobile Banking experience with Clayfin

Dubai, 17 September 2018 – Al Salam Bank-Bahrain (ASBB), one of the pioneering Shari’a-compliant banks in the Kingdom of Bahrain, launched its new and upgraded Mobile Banking solution with Clayfin’s Mobile Banking Solution to offer a superior mobile user experience to their customers. The new mobile banking app has also ensured a seamless omnichannel experience for customers across its digital channels.

On this occasion, Mr. Anwar Murad, First Deputy CEO of Al Salam Bank-Bahrain, said:

Anwar Murad - First Deputy CEO of ASBB
Anwar Murad – First Deputy CEO of ASBB

Al Salam Bank was the first in the Kingdom to launch the mobile banking application service back in 2011 and since its inception, the Bank continued its commitment to strengthening its digital presence bringing banking services to the customers’ finger tips within the comfort of their homes or offices, having access of a more simplified banking made available at all times.

We are delighted to partner with Clayfin to deliver our enhanced mobile banking application with technological advancements filled with latest enhancements and security features that include MPIN, finger print and Face ID (facial recognition), offering a seamless experience across internet and mobile banking channels.”

Mr. Anwar Murad also emphasized that the enhanced mobile banking application was launched in a record time as a result from Clayfin’s immense experience in digital banking and quick implementation that helped them to go to market it quickly and achieving a very positive User Experience.

The app will enable ASBB to empower their customers to do their regular banking transactions on their own in a convenient, safe and secure environment simply by using their smartphones or tablet devices and ensure quick turnaround on banking service requests.

While mentioning about the win Clayfin’s CEO Kannan Ramasamy said “In a mobile-first world, we are excited to partner with ASBB to enrich their mobile banking experience and offer their customers a unique and unparalleled experience in their interactions with the Bank. This win is another key milestone in the longstanding partnership with ASBB.”

Media Contact:
Vijai Christopher Dhas
Head Marketing
+91 80 41228093
vijai@clayfin.com

About Clayfin

Clayfin is a leading provider of Digital Banking solutions for Retail, Corporate and SME banking businesses. In the rapidly evolving digital world, Clayfin assists banks to nurture and grow close ties with customers through a seamless omnichannel experience. Our product philosophy has been to deliver simple, pervasive, secure and relevant solutions to Bank customers. This in turn helps Banks to grow their revenue by improving customer acquisition, engagement, transaction and management competences. www.clayfin.com

About Al Salam Bank-Bahrain (ASBB)

“Al Salam Bank-Bahrain B.S.C (ASBB) is an Islamic Retail Bank in the Kingdom of Bahrain and is licensed and regulated by the Central Bank of Bahrain.”

Al Salam Bank-Bahrain B.S.C (ASBB) was established on 19 January 2006 in the Kingdom of Bahrain with paid-up capital of BD 120 million (US$ 318 million) and was the largest Initial Public Offering (IPO) in the Kingdom’s history with subscriptions reaching over BD 2.7 billion (US$ 7 billion). The Bank commenced commercial operations on 17 April 2006. ASBB was listed in Bahrain Bourse on 27 April 2006 and subsequently on Dubai Financial Market (DFM) on 26 March 2008.

ASBB, one of the pioneering Shari’a-compliant Banks in the Kingdom, offers its customers a comprehensive range of innovative and unique Shari’a-compliant financial products and services through its extended strong network of branches and ATMs utilizing the state-of-art technologies to meet various banking requirements. In addition to its Retail Banking services, the Bank also offers Corporate Banking, Private Banking, Investment Banking as well as Treasury Services. The Bank’s high-calibre management team comprises of a highly qualified and internationally experienced professionals with proven expertise in key areas of banking, finance and related fields.

Al Salam Bank-Bahrain has been awarded with the “Critics’ Choice award – The Best Islamic Retail Bank in Bahrain for 2017” by Cambridge IF Analytica – a UK-based Islamic finance intelligence specialized in providing strategic advice in the field of financial services and conduct professional academic researches for financial institutions. The Bank had received several awards in the past, including the winning of the “Best Villa Development” for the Martinique Villas by-the-sea in one of Malaysia’s Penang Island’s largest seafront residential developments, a project jointly owned by Al Salam Bank-Bahrain and two other strategic partners, comprised of 73 luxurious waterfront seaside villas in Malaysia as part of the inaugural at the South East Asia Property Awards in 2011 and had won the International Real Estate Financing Summit – Middle East (IREF ME 2009) “Award of Excellence for Outstanding Achievement in Islamic Retail Estate Product Innovation” for Milton Gate acquisition – the landmark building located in the financial district of the City of London in the close proximity of other prestigious financial institutions.

To read more about Al Salam Bank-Bahrain, visit www.alsalambahrain.com.

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