Arabian Business, Tuesday, Dec 3, 2019 | Rabi Al Thani 6, 1441
Bahrain's Bank ABC unveils digital offering Ila
Bahrain-based Bank ABC has launched Ila Bank, its first foray into the
digital, mobile-only banking space.
Bank ABC said Ila reflects its commitment to drive the financial services sector
to the next frontier, combining technology with a human-centric design to
redefine banking for the next generation.
Arabic for the word ‘to’, Ila promises a personalised approach to banking and
financial management, aided by cutting-edge technology and sophisticated data
“At Bank ABC, we see change as an opportunity – to become more relevant to our
customers and to evolve and to grow with them,” said Dr Khaled Kawan, group CEO
of Bank ABC.
“This is an exciting time not just for us, but also for the country. Digital
transformation presents a huge opportunity to drive lasting positive change
throughout the Kingdom, something that Bank ABC is proud to be leading.”
“We recognise that the customers of today are not the same as the customers of
tomorrow,” added Bank ABC deputy group CEO Sael Al Waary, who is spearheading
this strategic initiative.
Users of Ila are issued a virtual debit card as soon as they onboard for
immediate use for online transactions.
Flexible funding options including in-app integration with the country’s leading
payment channel are available while multiple foreign currency accounts can be
linked to a single card so users can transfer funds between these accounts
without the worry of excessive fees.
“This is the beginning of the journey, and as we gather more insights about our
customers, Ila will evolve as well, giving users the chance to co-create future
features,” said Al Waary. “With Ila we aim to offer lifestyle banking that
caters to your everyday life needs from the moment you wake up till you go to