Case Study: Al-Ahli Bank of Kuwait achieves unified core banking and faster product launches with EdgeVerve Finacle

Al Ahli Bank of Kuwait Unravels the True Potential of Digital Foundation Leveraging Finacle Core Banking Solution

Al-Ahli Bank of Kuwait, a leading Kuwaiti bank with USD 15.6 billion in assets and 72 branches, needed to replace a fragmented landscape of 70+ disparate systems with a modern core to deliver omnichannel digital experiences and faster time-to-market. The bank selected EdgeVerve’s Finacle core banking suite to provide a single universal banking platform and a unified enterprise architecture for its multi-country operations.

EdgeVerve implemented Finacle to consolidate and standardize systems, automate processes and revamp channels, resulting in lower infrastructure costs and faster product rollouts. Since going live the bank launched three new products, expanded customer data capture by over 6x, saw about a 10% rise in loan origination in three months, increased its customer base, and significantly reduced time-to-launch for new branches and product launches.

Al-Ahli Bank of Kuwait

Somnath Menon

Chief Operating Officer