Bahrain Commercial Facilities Company ‘BCFC’ has signed a strategic partnership with key technology partners Codebase Technologies and Atyaf eSolutions to accelerate its digital transformation, focusing on the infrastructural development of their mobile and web customer channels. As companies focus on digitization to enhance their market offering, BCFC aims to reinforce its market leadership by introducing enhanced digital customer journeys and innovative experiences to the market.
Through this partnership, Codebase Technologies will support Bahrain Commercial Facilities Company in introducing customer-centric offerings by implementing digital customer onboarding, eKYC, instant credit card issuance, and instant personal finance propositions. Leveraging the award-winning Digibanc fintech and digital banking platform, the global open banking API solutions provider Codebase Technologies will deploy multiple market-ready Digibanc components on top of BCFC’s existing core system. Integrating these components will accelerate BCFC’s capability to provide innovative financial solutions at speed and scale.
Atyaf eSolutions, Codebase Technologies’ channel partner in Bahrain, has been the bridge between the two companies. Atyaf eSolutions will provide AWS Cloud Services and their own infrastructure-managed services to Bahrain Commercial Facilities, on which the Digibanc platform will run. The digital project will help BCFC fast-track their digital-first agenda, increase its speed of innovation, grow market share, enhance cost-efficiency, as well as improve customer acquisition and retention by leveraging digital channels.
Commenting on the partnership Abdulla Bukhowa, Chief Executive Officer, Bahrain Commercial Facilities Company commented on the initiative, “Partnering with Codebase Technologies and Atyaf eSolutions is a tremendous opportunity for the company. We are confident in our partner’s expertise in the space of finance, banking, and technology; and the accomplishments they’ve achieved in the past. We are experiencing a period of rapid digital transformation, globally and regionally, and through this partnership we will be able to improve our market offering and our speed of innovation to reflect the changing needs of customers.”
Managing Director – MENA for Codebase Technologies, Tamer Al Mauge, said, “BCFC has been an integral player in Bahrain’s market, and we are proud to be part of the next phase of their journey towards digitalization. With the support of Atyaf eSolutions, we look forward to enhancing BCFC’s customer experience and digital offering by creating seamless, fast, intuitive, and robust solutions in the coming months. We are glad that our Digibanc platform will play a key role in helping BCFC achieve their vision and we look forward to a fruitful collaboration with Atyaf eSolutions and Bahrain Commercial Facilities Company.”
Mr. Ubaydli Ubaydli, Chairman of Atyaf eSolutions, added, “One of our key drivers at Atyaf eSolutions is embracing challenges for success. Seeing Bahrain Commercial Facilities Company take the same course to build innovative solutions for their customers is as fulfilling as it is promising. We are also excited to collaborate on this initiative with a globally respected FinTech Codebase Technologies. We look forward to collectively helping Bahrain Commercial Facilities Company better position their digital offerings and grow their market share. “In the same context, Mr. Ubaydli stressed that such an achievement comes in line with what Vision 2030 seeks to achieve in diversifying national GDP and transforming Bahrain into a digital financial Hub in the Middle East. “