Bank ABC Becomes First Bank in the Middle East to Employ Biometric-Based Digital KYC Functionality

Bahrain – Bank ABC, MENA’s leading international Bank announces partnership with Jumio, the leading end-to-end AI-powered identity verification and authentication provider. The partnership enables Bank ABC’s new mobile-only bank to compliantly onboard new individual customers using Jumio’s award-winning biometric-based identity verification technology.

Headquartered in Bahrain and serving customers across five continents, Bank ABC is set to launch one of the region’s first mobile-only banks. It has invested in establishing digitised operations including a fully digital KYC capability, and simplifying and streamlining the onboarding process is central to these efforts.  

“Bank ABC is committed to leveraging the benefits of AI technologies to create seamless customer journeys for accessing banking services securely,” said Sael Al Waary, Bank ABC’s Deputy Group Chief Executive Officer.

Source: Salaam Gateway

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