Bahrain Islamic Bank (BiSB) has selected Exus, a leading supplier of expert debt collection and recovery solutions, for implementing its “EFS Collection and Recovery” solution.

The turnkey system will help the Bahraini bank increase its efficiency in both early and late-stage collections by introducing risk segmentation and collections automation,

It will also help support the 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.

 Abdul Rahman M. Turki, the 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, the regional manager for Exus Middle East, said: “We take great pride in having been chosen by BiSB 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," he added.-TradeArabia News Service