Al Salam Bank implements Robotic Process Automation
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Al Salam Bank, in collaboration with 10xDS (Exponential Digital Solutions), has successfully implemented Robotic Process Automation (RPA) solution on Blocked and Unblocked Accounts (BUB) within its compliance framework.
The efforts comply with the regulatory requirements of the Ministry of Justice, Islamic Affairs and Waqf, and the Central Bank of Bahrain (CBB), with utmost accuracy and efficiency. Abdulkarim Turki, Chief Operating Officer at Al Salam Bank, said, “This, in turn, will lead to an increase in efficiency, accuracy, and speed in terms of processing-time. We look forward to the automation of other back-office processes in the near future as part of the Bank’s agile threeyear digitization strategy.
” Ali Al Khaja, Head of Compliance and Anti-money Laundering at Al Salam Bank, said, “In addition, the automation of routine tasks will enable employees to direct their focus towards other strategic initiatives and high-impact work.” Additionally, this step is in parallel with the Bank’s guiding principle ‘Be Digitally Native’, which constitutes smart and efficient banking services through adopting a digital, solution-driven mindset in order to provide clients with an enriched banking experience characterized by convenience, simplicity, and efficiency.