Leading financial group, BBK, selects Axe Finance to accelerate its corporate credits through ACP
Dubai, United Arab Emirates – January 19th 2023 – Axe Finance, the global leader in digital lending solutions is thrilled to announce the addition of Bank of Bahrain & Kuwait (BBK) to its esteemed customer portfolio.
BBK, a distinguished financial group in the GCC region with a legacy spanning over 50 years, has chosen Axe Finance to embark on an innovative digital transformation journey.
This strategic partnership will deliver automation of corporate lending as well as decision-making on investment applications on bonds (Sukuks). The ACP implementation extends across all BBK’s branches in Bahrain, its international presence in Kuwait and India, as well as in its representative offices in Dubai and Turkey.
BBK’s decision to select Axe Finance’s future-proof software Axe Credit Portal (ACP), underscores the solution’s innovative and cutting-edge features, demonstrated throughout an extensive selection process, mainly an agile and flexible software combined with a proven expertise to deliver streamlined digital financing journeys in multi-entity contexts.
Dhafer Berrachid, Chief Executive Officer at Axe Finance said:
Axe Finance is delighted to have been selected to play a pivotal role in advancing BBK’s Corporate Lending segment. We are excited by the opportunity this partnership presents and look forward to facilitating a substantial yet seamless digital transformation through our ACP solution. After a rigorous selection process (multiple rounds of demonstrations, Proof of Concept sessions), we are honored to be working with BBK, which will add further testimony to our extensive track record of achievement with reputable banks in the GCC region.
Founded in 2004, Axe Finance is a global market-leading software provider focused on credit risk automation for lenders looking to provide an efficient, competitive, and seamless omnichannel journey.
Axe Finance developed the Axe Credit Portal (ACP) a future-proof AI-driven solution to automate the entire credit lifecycle from KYC to servicing, including origination, credit scoring, and automatic decision-making. ACP is a multi-segment digital lending solution covering not only Retail, Commercial, Corporate, FIs, and Sovereign segments but also other specific types of lending such as Microfinance, BNPL, embedded financing, and Islamic finance.
About Bank of Bahrain and Kuwait
Bank of Bahrain and Kuwait (BBK) is a leading financial group with more than 50 years of experience in offering groundbreaking solutions in retail banking, corporate banking, international banking, treasury, and investment. It comprises a team of financial experts and banking professionals who strive to curate an ideal banking experience characterized by innovation and creativity for its clients, shareholders, and the whole community.