Increased competition, rigid technology, and slow innovation. There’s much work to be done.
Dwindling profit margins
Limited digital capabilities prevent competitive, customer-focused product offerings.
Unclear customer value
Disconnected channels and transactional approach lead to unengaged customers.
Front- and back-office expenses and legacy systems result in high operating costs.
Saudi’s banking future is about to change, and you need to be prepared
Backbase gives you all the insights you need to confidently lead your bank.
Do more with less with Backbase & Microsoft
You’re not alone. Cost-cutting has become a priority for 73% of financial services firms.
Save hundreds of hours spent on manual processes, focus on value-adding functionalities, and drive more revenue with a Backbase platform on Microsoft Azure.
Customer stories: NBB’s 6-minute onboarding
Find out how the National Bank of Bahrain beat the onboarding times of its neobank and fintech competitors, drastically reducing the signup process from 180 to 6 minutes.
NBB's new digital solution was the bank's highest-performing channel for new customer acquisition in 2021, representing 40% of all retail accounts acquired that year.
Be the go-to bank for every financial moment
Home ownership in Saudi Arabia is expected to reach 70% in 2030. To meet the simpler and smarter lending experiences your customers will expect, you need an innovation partner that supports all lines of business and has a sharp focus on the customer experience.
Empowering customers in the region
Backbase helps financial institutions of all sizes make the biggest impact in the least amount of time.
Interested in learning more about the Backbase platform?
Get in touch
Contact us to learn how we can support your business.