Islamic financial solutions suite provider International Turnkey Systems Group (ITS) has installed its ETHIX-Net internet banking modules in Kuwait Finance House, Bahrain (KFHB).
ETHIX-Net is an internet banking application designed to enable the banks to provide advanced, user friendly online banking services to retail and corporate customers.
The solution is designed to help banks to adapt to the new Digital Transformation age.
ITS CEO Esam Alkheshnam said: “KFHB have a strong track record leveraging cutting edge technology to elevate their customers’ banking experience and maintain market leadership.
“With this latest ETHIX online banking module, the Bank will deliver a new generation of online banking.
“As KFHB’s long term, strategic digital partner, we look forward to further collaborations that will see the Bank pioneer the delivery of evolved banking solutions to their valued customers.”
A modular banking system, ETHIX covers branch, international and back office activities.
Currently, the system is used by more than 70 international banks in Middle East, North African, and East Asian regions.
ETHIX is an open system and can be installed in a standalone mode. It comprises multiple modules including Core Module, Central Module, Branch Module and International Module.
KFHB managing director and CEO Abdulhakeem Y. Al-Khayyat said: “Upgrading our core platform with ITS’s new ETHIX Net modules will help us achieve this objectives in the long and short run.”