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KFH signs key deal with IT firm

Manama, June 10, 2009

Kuwait Finance House-Bahrain (KFH), a leading provider of Islamic banking services, announced that it has appointed computer group International Turnkey Systems (ITS) to provide an integrated "ethical banking" solution to support the bank's expansion plans.

The one-year contract includes upgrading the bank's core banking system, integrating the branch automation system, trade finance, Islamic finance, Internet banking, in addition to services related to human resources and treasury.

The combined solutions will benefit the customer by providing greatly enhanced services from the bank.

"We realise that our bank's requirements are unique and that our customer servicing facilities need to be multi-faceted," KFH managing director and chief executive officer Abdulhakeem Alkhayyat said.

"In a fast changing environment, it is essential to reach out to them and offer the best-in-class services,” he added.

"Our diverse needs to provide our customers with a superior service meant that we were looking for a one-stop-shop solution - an integrated yet flexible IT solution that would provide us operational excellence and at the same time streamline our processes.

Alkhayyat  continued: "Our rigorous selection process in identifying the right IT solutions provider, included a long evaluation of business solutions presented by various vendors and we are very pleased to appoint ITS as our technology partners.

"An influencing factor of the appointment was that we identified their close alignment with our strategies and that they were the best equipped to help us fulfil our business objectives.”

"KFH-Bahrain's selection of ITS solutions represents a continuation of a long business relationship that goes back since the inception of KFH-Bahrain," ITS Group managing director and general manager Khaled Faraj Al Saeed said after the signing ceremony.

"It underlines the bank's confidence of the level of technical services we continue to provide. We are proud that ITS solutions and our technical services are a key part of the growth strategy of one of the leading Islamic banks operating in the region,” he added. – TradeArabia News Service




Tags: Bahrain | KFH | ITS | Expansion Plans | Kuwait Finance Hose |

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