Ahli United Bank Bahrain uses Accura KYC for Client Onboarding

Ahli United Bank Bahrain uses Accura KYC for Client Onboarding

Before we announce you the news, let me first introduce you to an important gulf country of the Kingdom of Bahrain. Bahrain is one of the top countries in the world for consumer adoption of technology, with 100% smartphone penetration and more than 70% social media adoption – higher than the United States. The Kingdom also has one of the highest mobile and broadband penetration rates in the GCC, 213% and 172% in 2016 respectively. A young, tech-savvy population is the essential foundation for future innovation and growth in this area.

In what it can be said as a first penetration into lucrative and digital adoptive Bahrain market, Accura Scan will be helping Bahrain’s top State Bank Ahli United Bank (AUB) to transform and accelerate their Client Onboarding.

Ahli United Bank was established as a bank in Bahrain in 2000. AUB and its network of subsidiaries and associated companies across 8 countries form a banking group (“AUB Group”) providing retail banking, corporate banking, treasury and investment services, private banking and wealth management services as well as Islamic banking services, besides offering conventional and Takaful life insurance products.

One of the most important milestones under the umbrella of AUB’s digital revolution has been the inauguration of the region’s first Digital Transformation Initiative. In line with this initiative, they were in search of a product which could seamlessly address their Customer Onboarding woes and accelerate it. Seeing the unique opportunity, Accura Scan was the perfect partner to initiate the tie-up. This strategic move seeks to completely revolutionise the AUB Customer Onboarding experience in Bahrain’s top bank and improve service levels exponentially. As such, AUB saw the potential to use smartphones with Accura KYC app to provide customers with access to most AUB services through a visual, rather than paper-based physical work.

The successful launch of this innovative, pioneering Digital Customer Experience project in Bahrain is part of AUB’s ongoing plans to achieve digital leadership as they continue to build on their strengths in adapting to the ever-changing banking landscape and in staying ahead of the competitive and technological curve.

Here are simple straight benefits that AUB will reap from its partnership with Accura Scan:

  1. Accelerated account opens
  2. Accelerated account updates and asset transfers.
  3. Reduced time spent on administrative duties.
  4. Elimination of manual, error prone processes.
  5. Reduced cost per account open.
  6. Reduced abandonment rates.
  7. Increased compliance and mitigated risk.
  8. Improved security and document management practices.

About Accura Scan:

At Accura Scan, we started this dream to replace manual data entry for important KYC documents in banks, travel agencies, government institutions all over the world like National ID cards, Citizenship cards, passports, bank cards, driving licenses with something which is very convenient and easy. That convenient and easy product was Accura Scan. Accura Scan, a pioneer in OCR & AI Based scanning technology is one of the most perfect solution for the businesses looking to embark on OCR journey. The product is designed and managed by Accura Technolabs, an IT company from Singapore having experience of more than 18 years in Web & Mobile Application catering to Travel, Hospitality and many other verticals.

Accura Scan mobile technology provides you with the ability to effectively use your mobile device camera and quickly onboard their customers. This will enable not only help to seamless Customer On-Boarding by scanning a Passport or ID card with 3D selfie technology but also verify and authenticate your customers remotely in real-time. It can work offline or can be stored on a cloud or use it your way using our SDK /APIs.

At Accura Technolabs, it is our mission to replace the manual KYC onboarding. You can check out more information about us here https://accurascan.com/download