Next-gen banking: Ebdaa Bahrain teams up with MFSYS for 100% digitalized banking

Next-gen banking: Ebdaa Bahrain teams up with MFSYS for 100% digitalized banking

Ebdaa Bahrain Microfinance Company has entered into a collaborative agreement with MFSYS Technologies Limited, a leading global provider known for its advanced banking automation and digital software solutions designed specifically for the microfinance and banking industries. The objective is to fully digitize all banking services offered by the company to individuals and SME’s owners, marking a significant move in fortifying its digital transformation strategy and delivering cutting-edge, innovative, and seamless banking services, and aiming to enhance the overall digital experience for the company's customers.

The agreement was signed by Dr. Khalid Al Ghazzawi, CEO of Ebdaa Bahrain Microfinance, and Mr. Ali Ahmed, CEO of MFSYS Technologies Limited.

As per the agreement between the two entities, Ebdaa is set to bolster its expansion initiatives through the digitization of its microfinance services. The company aims to offer a secure and efficient multi-channel digital platform, facilitating easy access to its online services for customers at any time and from anywhere. MFSYS Technologies will contribute by furnishing an integrated digital transformation system that encompasses account management, loan applications, electronic payment options for loan repayments and services, loan applications’ tracking, reports, certificates and account statements, and various other contemporary and cutting-edge digital services.

Dr. Al Ghazzawi commented:

"This collaboration