The Islamic Bank of Bahrain (BISB), the pioneering bank in providing innovative and simplified Islamic banking services in the Kingdom of Bahrain, launched a direct communication service between H2H Connectivity. It is an advanced system of incorporation of payments, which has been designed to develop the method that companies run their financial operations.
This solution provides the easy contact between the Islamic Bank of Bahrain and the ERP resource planning systems (ERP) for its customers, providing more control, speed and accuracy in conducting transactions. Through digitization of basic functions such as payment and management of cash and settlement, this solution reduces dependence on traditional procedures, which enables companies to manage liquidity with high operational efficiency.
This service supports a flexible integration with any ERP resource planning platform (API) or file methods, providing transformed files and multiple formats to meet various business needs. Thanks to the mechanical matching, immediate email alerts, and 24 -hour availability, this solution guarantees safe, effective and continuous financial operations.
This service facilitates the exchange of data in the actual time, enabling customers to view immediately about their financial position. All transactions are also reflected in all of the institution’s resource planning system and the bank’s digital banking services platform, which simplifies settlement processes, and enhances levels of transparency and control. To ensure data security, this solution depends on issuing digital certificates to ratify mutual operations between the bank.
On this occasion, Mr. Youssef Ali Engineer, Acting CEO of banking services for companies and institutions at the Islamic Bank of Bahrain, stated: “H2H Connectivity is a qualitative leap in the way we support our customers from companies, as it provides integration and communication effectively with institutions’ resources planning. This launch came within the framework of our endeavor. To keep pace with the dynamics of the technical age, by providing a solution that allows the exchange of data immediately, reduces the operational gaps, and enhances financial efficiency.
This step emphasizes the bank’s commitment to paying the innovation and digital transformation in the financial sector, which is remarkably evident in its endeavors to enable companies to work quickly and more confidence. This launch is also in line with the national vision of strengthening the Kingdom’s position as a pioneering regional center in the field of advanced digital financial services.
