Kuwait Finance House (KFH) announced the successful launch of the digital service “opening bank account online” for new customers, citizens and residents within minutes without having to visit the branch.
The Acting General Manager of Retail Banking at KFH - Khaled Al-Subaiei said that, in line with the financial technology strategy (FinTech), the new service allows new KFH customers who do not have any bank accounts at the bank, to open a bank account online through the KFHonline Application on mobile.
The service is tailored as per the highest levels of ease and safety, with the implementation of the electronic signature, through the digital signature service in collaboration with the Public Authority for Civil Information.
Al-Subaiei added in a press release that KFH completed all necessary procedures, tests, and required regulatory approvals, before launching the service.
He praised the collaboration with the AION digital banking platform, which provides a set of unique features, including verification of official scanned documents, scanning and copying of digital documents, facial recognition and customer matching using the latest technologies.
He illustrated that KFH is moving forward in its innovation approach and digital transformation strategy for KFH banking services, in efforts to give customers exceptional banking experiences.
Al-Subaiei pointed out that the service is available to citizens and residents in the State of Kuwait, starting from the age of 17, according to the bank’s terms and conditions. He explained the collaboration with AION, which teamed up with (KFH-Bahrain) to launch the “Jazeel” digital platform. Jazeel banking provides the service of opening bank accounts in Bahrain remotely without the need of visiting the branch, and within minutes without the hassle of traveling, for citizens of the Gulf Cooperation Council countries residing in the Gulf, along with a package of the best digital banking solutions.