Kuwait Finance House-Bahrain launches the first automated reporting platform
Kuwait Finance House (KFH) – Bahrain, one of the leading Islamic banks and an integral contributor to the evolution of Bahrain’s Islamic Financial sector, has announced signing a strategic partnership with Codebase Technologies (CBT), a leading global Open API banking solutions provider, to further expand the Bank’s digitization and automation needs with the implementation of Digibanc™ RegReporting, Bahrain’s first automated reporting platform. The partnership aims to enhance regulatory transparency and streamline compliance operations.
The new technology aims to support financial institutions in carrying out internal processes, in light of the changes witnessed due to the integration of technology in the banking and finance fields, directed by the Central Bank regulations. KFH-Bahrain sought the banking solutions provider’s expertise in establishing an automated, flexible platform for regulatory reporting, while leveraging the technology innovation through its partnership with CBT.