Wholesale Banking Digital Transformation

We are building a more robust, scalable, and sustainable global network for growth to create value for all our stakeholders. With customers at the core of every decision, our digital banking innovation strategy is focused on delivering a faster, seamless, and effortless experience across as many touchpoints as possible and is guided by three key objectives:

Enhance - our existing infrastructure, products, and services continually
Establish market leading position through the deployment of innovative digital solutions.
Disrupt legacy banking models and systems by leveraging Cloud-native solutions, Artificial Intelligence, Data Analytics, and open APIs to enhance each stage of our clients’ experience journey.​​

Wholesale Banking platform on the Cloud

We have partnered with best-in-breed Cloud-native solution providers and have built our wholesale banking digital platform entirely on the public Cloud for enhanced agility/efficiency. This follows a major Cloud transformation initiative, in partnership with Amazon Web Services (AWS) for the Cloud and Google for API management.

Fully digital corporate onboarding service

This remarkable deployment enables corporate clients to open an account with the Bank in less than a day – a drastic reduction from the several-day industry average. Leveraging a Cloud-native Client-Lifecycle-Management solution, the portal offers clients 360-degree view of the onboarding journey, increasing transparency and easing back-end workflows.

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Next-Generation Cross-Border Payments Platform

We collaborated with the Central Bank of Bahrain and JP Morgan to facilitate a landmark instant high-value cross-border payment pilot. We are now scaling this solution for our corporate clients starting with a soft launch - driving increased efficiencies in trade-related payments, alongside market awareness and adoption improvements.

Implementing Next-Generation Core Banking System

In partnership with Temenos and NdcTech, we have consolidated our core banking systems across 15 countries on Temenos’ Cloud-native platform, which will be deployed on public Cloud infrastructure, creating a more robust platform to accelerate growth and innovation.

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