Continuing to pave the way as the market reference in mobile solutions to everyday banking needs, Kuwait Finance House (KFH) has signed an agreement with renowned ProgressSoft corporation, a leading international IT Solutions provider to introduce the first ever Mobile Deposit of Cheques.
This service to be made available soon to its customers will enable quick deposit of cheques in a fast and efficient way to their accounts – simply by using a screenshot of the original document through KFH Online.
KFH customers can simply log into their KFH mobile app, go to the cheque deposit menu and take a picture of both sides of the cheques using their smart phone camera. The funds will then be deposited directly into their accounts through KFH Online app. This provides customers with a mobile capability that enables faster availability of funds and convenience.
Group Chief Retail and Private Banking Officer at KFH, Waleed Khaled Mandani said that “the new digital feature, under the overarching pipeline of digital solutions recently launched, will save KFH customers the time and effort to visit a branch to deposit cheques, while maintaining highest safety and security levels. Through this innovative service, KFH strengthens its leadership as advanced financial solutions provider and keeps abreast of the technological developments in the banking industry, in a way that serves the needs and immediate requirements of the customers”.
Mandani added that KFH hugely invests in advanced digital solutions that enables its customers to use the latest innovative banking solutions to execute their transactions and achieve their long-term goals. By its continued expansion of easy-to-use solutions, KFH succeeded in empowering its customers with high- standard products and services, unblocking new business opportunities.
He continued: “KFH is keeping up with the digital transformation, implementing Fintech and AI, achieving highest standards of efficiency and best utilization of resources as well as promoting the values of entrepreneurship, innovation, partnership and responsibility.”
He added that KFH had made long strides along the digital transformation journey, drawing attention to its services, modern and innovative financial products. This includes instant financial transfers service using RippleNet network, Skiplino service for booking appointments electronically in bank branches, opening two KFH-Go branches in Ishbiliya and Al Jabriya, cash withdrawals using QR code, Civil ID or mobile number, the fast cross-border money transfer service "KFH Xpress", KFH Pay service for electronic payments, robot service, Chatbot and many other digital services.