Khaleeji Bank Develops Open Banking Services and Enhances its Leadership in Digital Innovation

Khaleeji Bank, one of the leading Islamic Banks in the Kingdom of Bahrain, has announced the launch of its updated open banking services, which offer clients unprecedented flexibility and a comprehensive view of their accounts, cards, and financial resources. The new banking services bolster the bank’s leadership in the field of Digital Innovation.

 

The new open banking services grant several advantages to users of the Khaleeji App, most notably unified account management by linking accounts from other banks in the Kingdom of Bahrain through a single, easy-to-use platform.

 

The Khaleeji App also allows the transfer of funds between linked accounts, besides controlling expenses by tracking and monitoring spending across all linked accounts to obtain a clear understanding of financial expenses. Users can also manage their budgets by creating dedicated budgeting categories and allocating funds, allowing them to control and manage their expenses.

 

Furthermore, the new updates allow users to effectively track cash flows, get an overview of financial affairs, and plan a comprehensive financial vision through a 360-degree view of all linked bank accounts, facilitating an integrated financial plan.

 

On this occasion, Ms Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, stated “The bank is proud to be one of the first in the Kingdom of Bahrain to adopt open banking services, supporting the digital transformation process through state-of-the-art banking services that enhance the Kingdom’s position as a regional leader in the field of financial innovation.”

 

Ms. Al Abbasi explained “With the release of these updates, Khaleeji continues pioneering the field of digital innovation, providing an integrated open banking experience supported by financial control and transparency, available to clients around the clock.”

 

Ms. Al Abbasi also pointed out “The enhanced open banking services allow clients to access their financial data with ease and transparency, enabling them to make informed financial decisions, as well as granting access to better financial products that account for their requirements and needs.”

 

For his part, Mr. Osama Ali Nasr, Chief Technology Officer at Khaleeji Bank, stated “The updated package embodies the bank’s commitment to providing innovative banking solutions that meet our clients’ growing needs, enhancing their ability to effectively manage their financial resources. We aim to provide tools that enable clients to achieve their financial ambitions, which will reflect in their banking experience with Khaleeji.”

 

He continued “We are confident that these updates will leave a significant imprint on our valued clients’ use of the app for the management of their financial portfolios. I invite all clients to update the Khaleeji App and benefit from its services.”

 

Khaleeji is a leading Islamic Bank that strives to achieve clients’ ambitions through an Islamic Banking model that offers a comprehensive range of high quality Shari’a-complaint banking services and investment opportunities to individuals and companies.