Al Ahli Bank of Kuwait (ABK) has partnered with Gieom to create a centralised platform that facilitates the management of the bank’s regulatory policy and procedure manuals digitally.
Established in 2012, Gieom develops software solutions that help organisations manage their policies, simplify the digital identity verification process, manage risks, and adopt the framework.
The partnership aims to digitise ABK’s policies and operational procedures and provide a source to enhance sound governance practices and improve transparency.
Under the partnership, the two organisations will create a centralised platform to simplify the management of the bank’s policies and procedures.
The platform will create an advanced system for the review and approval of documents and ensure adherence to best practices and optimal application of governance principles.
ABK corporate governance assistant general manager Ayman Al Buloushi said: “This collaboration represents an important step forward in our digital transformation strategy.
“By leveraging Gieom’s expertise in digitising policy and process manuals, we aim to enhance governance practices and raise awareness among employees to achieve best practices in implementing governance rules based on central bank and relevant regulatory authorities’ instructions.”
Gieom chief business officer Mohammed Shakir Abdullah said: “Our Digital Policy & Procedure Management Platform will not only streamline their operations but also empower their employees with the tools necessary for effective change management with transparency. Together, we are setting the stage for a resilient future in banking.”
ABK said it is focused on digital transformation, enhancing its product offerings and services while providing a secure and simplified banking experience for customers.
The partnership is in line with its goal of advancing solutions focused on implementing best governance practices and shows the bank’s strong adherence to the instructions.
Gieom’s expertise in policy and process digitisation will significantly support ABK in achieving its goals, to enable a more flexible operational framework, said the Middle East-based lender.
Al Buloushi added: “The agreement with Gieom is a continuation of the achievements made previously following ABK’s recent recognition as Best Corporate Governance Bank from Global Business Outlook.
“The accomplishment reflects ABK’s ability to apply the highest standards of governance and achieve best practices across all its operations.
“Additionally, it highlights the Bank’s success in developing internal procedures to accelerate the pace of work and enhance the capabilities of its employees, while consistently prioritising customer needs.”
