Bahrain Islamic Bank selects EXUS to upgrade its Credit and Debt Collection Software

London - 12 May 2014

EXUS selected to streamline the bank’s collection strategies by implementing its Collection and Recovery software that will identify credit risk and respond with adaptable debt collection solutions 

EXUS, one of the leading suppliers of expert debt collection and recovery solutions to the banking sector has been contracted by Bahrain Islamic Bank (BiSB) to implement its “EFS Collection and Recovery” solution.

The turnkey system will help Bahrain Islamic Bank increase its efficiency in both early and late-stage collections by introducing risk segmentation & collections automation, will support bank’s executives into their strategic decision making, while on the same time ensure compliance with Islamic banking practices and the local banking environment, rules and regulations.

Mr. Abdul Rahman M. Turki, General Manager – Retail Banking said: “Our decision to buy the EXUS platform has re-enforced our desire to buy the best solutions that will keep our bank at the forefront of customers service and risk management.”

Tim Blackmore, Regional Manager for EXUS Middle East added: “We take great pride in having been chosen by Bahrain Islamic Bank to assist them in addressing their Credit and Collection challenges. This solidifies our position as a solution provider for Islamic banking. We will be soon offering the best possible support to our customers in the Middle East by establishing an office in the region and consolidating our success and rapidly growing customer base”.

The software deployment is based on EXUS’ Rapid Deploy® Methodology which allows for a fully functional system to be set up in a very short time enabling the bank to quickly start managing debt and collect payments. 

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