Kuwait’s Boubyan Bank picks iGTB to revamp cash management
Kuwait-headquartered Boubyan Bank has signed a deal with Intellect Design Arena’s iGTB to digitise its transaction banking operations.
Boubyan Bank, founded in 2004, is majority-owned by the National Bank of Kuwait. It provides individual, private, and corporate banking services.
It has a range of subsidiary Islamic banks across the world, including Bank of London and the Middle East (BLME) and its challenger brand, Nomo.
Boubyan is currently implementing its third five-year transformation strategy, named “Boubyan 2023”.
The focus is on upgrading product portfolios, focusing on target customer segments, and enhancing digital propositions.
“Digitisation will enable our customers in the region to enjoy the benefits of modern digital transaction banking,” says Abdul-Salam Mohammed Al-Saleh, Boubyan Bank CEO.
“Harnessing digital innovation and being customer-centric are the main pillars of the bank’s five-year strategy.”
Ashraf Abdallah Sewilam, group general manager for corporate banking at Boubyan, adds: “Boubyan Bank aims to provide distinguished corporate banking services to all sectors and sizes of corporates.
He says the bank can become a preferred option for corporate customers with the right kind of cash management transformation.