| Lyna Mohamad |
BANK Islam Brunei Darussalam (BIBD) launched BIBD NEXGEN, its new digital banking concept, at The Mall, Gadong yesterday.
The new digital branch, which is the first of its kind in Brunei Darussalam, showcases cutting-edge technologies, such as virtual reality and interactive screens.
The launching was officiated by Dato Seri Paduka Dr Awang Haji Mohd Amin Liew bin Abdullah, the Minister of Finance II and Chairman of BIBD.
“BIBD’s commitment towards creating a sustainable financial ecosystem, in line with Autoriti Monetari Brunei Darussalam (AMBD)’s Financial Sector Blueprint (2016-2025), is reinforced by the introduction of the BIBD NEXGEN platform, and its supporting ecosystems and alliances,” said the minister.
Harnessing the latest innovations in artificial intelligence, virtual reality, machine learning, data analytics and customer insights, the digital banking concept symbolises BIBD’s position as a pioneer in the digital space to bring more convenience and connectivity to its customers.
Aligned with the goals of Brunei Vision 2035, BIBD NEXGEN showcases the bank’s intent to transform traditional banking to the FinTech age, creating a branchless banking proposition as well as promoting key alliances among different industries to create synergies through inter-operability and open infrastructures.
Mubashar Khokhar, the Managing Director of BIBD and CEO, meanwhile noted that BIBD NEXGEN will bring forward the deployment of transformative innovations, as a result of the tremendous support from customers and the bank’s dedication towards providing better, faster and cheaper services.
Providing credence to BIBD’s belief in its NEXGEN platform is the growth that it has experienced in the digital banking arena, where the bank has seen an almost 400 per cent growth in transactions made on its digital banking platforms, since 2014.
While the NEXGEN branch provides superlative next-generation experiences to allow instant account openings and registration, BIBD’s popular NEXGEN Mobile application has also received some welcome convenient updates, including Biometric and facial log-in; instant remittance services to several countries across Asia and Europe; eCredit; and Direct Push Messaging to replace SMS service for better interactivity.
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