Libyan Islamic Bank relies on digital banking technology provided by Backbase
The Libyan Islamic Bank has embarked on a digital transformation journey, partnering with Backbase and OneTech Business Solutions to redefine its operating model and focus on speed, flexibility, and accessibility.
Backbase, a leading digital banking software provider, has launched a digital platform for the Libyan Islamic Bank, marking its first deployment in Libya. This strategic expansion across North Africa is part of Backbase's commitment to empower banks with modern, flexible, and customer-centric digital solutions.
Aymen Daoud, the Regional Vice President for Africa at Backbase, played a significant role in this initiative. On the other hand, OneTech Business Solutions, a regional implementation partner, contributed to the long-term transformation of the Libyan Islamic Bank through its expertise in digital deployment.
OneTech Business Solutions ensured the platform was adapted to the Libyan market and its regulatory environment, and customized it to meet the specific needs of the bank and its customers. The Backbase platform has demonstrated its ability to align with emerging regulatory frameworks and national infrastructure developments, aligning perfectly with the Libyan Islamic Bank's goals.
The digital platform offers a new mobile app to customers, providing secure logins, real-time transaction monitoring, internal transfers, and personalized self-service capabilities. It also includes instant payment sending, in-app messaging, and a branch and ATM locator, enhancing the overall banking experience.
The Libyan Islamic Bank has become one of the first banks in the country to integrate with LYPAY, the Central Bank of Libya's instant payments service. This integration is a significant step towards modernizing the banking sector in Libya and improving the overall financial services offered to customers.
Mohamed Almabrok, the Digital Banking Platform Project Manager at the Libyan Islamic Bank, spoke about the collaboration, stating, "The close collaboration between Backbase and OneTech Business Solutions enabled the successful launch of the digital platform for the Libyan Islamic Bank."
The digital transformation initiative aims to place customers at the center of the bank's services, ensuring a seamless and efficient banking experience. This transformation is part of a broader trend towards digital banking in Libya, as more banks seek to modernize their operations and improve their services for customers.
In conclusion, the partnership between Backbase and OneTech Business Solutions has been instrumental in the successful deployment of the digital platform for the Libyan Islamic Bank. This scalable foundation provided by OTBS will support the bank's long-term transformation and its commitment to providing modern, flexible, and customer-centric digital banking services.
Read also:
- Understanding Hemorrhagic Gastroenteritis: Key Facts
- Stopping Osteoporosis Treatment: Timeline Considerations
- Trump's Policies: Tariffs, AI, Surveillance, and Possible Martial Law
- Expanded Community Health Involvement by CK Birla Hospitals, Jaipur, Maintained Through Consistent Outreach Programs Across Rajasthan
