Ebdaa Bahrain Microfinance Company has signed a cooperation agreement with MFSYS Technologies Limited, a world-leading provider of advanced banking automation and digital software solutions designed specifically for the microfinance and banking industry. The objective is to fully digitize all banking services the company provides to individuals and small business owners, strengthen its digital transformation strategy and implement key initiatives in providing cutting-edge, innovative and seamless banking services. The goal is to demonstrate movement and improve the overall digital experience. for the company’s customers.
The agreement was signed by Dr. Khalid Al Ghazzawi, CEO of Ebdaa Bahrain Microfinance, and Mr. Ali Ahmed, CEO of MFSYS Technologies Limited.
Pursuant to the agreement between the two companies, Ebdaa plans to intensify its expansion efforts through the digitalization of microfinance services. The company aims to provide a secure and efficient multi-channel digital platform that allows customers to easily access online services anytime and anywhere. MFSYS Technologies offers integrated digital services including account management, loan applications, electronic payment options for loan repayment and servicing, loan application tracking, reporting, certificates and account statements, and a variety of other modern, cutting-edge digital services. We contribute by providing transformational systems. .
Dr. Al Ghazawi commented: “This collaboration is a pivotal step in our continued efforts to improve the overall customer experience. By accelerating the development of banking products and services, we will strengthen our competitiveness and We aim to foster inclusion and expand our reach to a wider customer base. Through microfinance innovation, we empower individuals to launch projects, thereby increasing their impact on job creation and We aim to support the GDP of the Kingdom of Bahrain.”
Dr. Al Ghazawi emphasized that the decision to select “MFSYS Technologies Limited” to spearhead the digital transformation of “Ebdaa Bahrain” is based on the company’s extensive expertise and successful track record in this field. Having served over 30 banks and microfinance institutions in 12 countries around the world, he is confident that he has chosen a reliable partner who can deliver optimal results for both the company and its customers. expressed. He further emphasized that the partnership aims to set a benchmark for digital transformation in microfinance institutions across the region.
Ali Ahmed said: “We are pleased to declare a strategic partnership with Ebdaa Bahrain, a renowned microfinance company. Leveraging our 10 years of accumulated expertise and capabilities, we will strengthen Ebdaa’s digital empowerment and expand its banking services. This aligns seamlessly with our vision of empowering microfinance institutions in the Middle East and solidifies our position as a leading provider of digital transformation solutions. ”