Ali M Sharif, CEO
According to a recent study by Efma, the fintech market in the Middle East and North Africa (MENA) region will account for 8 percent of the Middle East’s financial services revenue by 2022. The rising fintech start-ups, growth of the Islamic banking industry, an unprecedented increase in internet and mobile phone usage are the key driving factors in the market. A significant number of traditional banks in the Middle East are adopting full-scale digital transformations to compete with digital giants entering the market. However, previously, these banks have adopted smaller digital transformation initiatives, but the threat of a changing banking ecosystem coupled with digital disruption across the globe demands a more thorough digital transformation agenda.
That being said, the journey of transforming themselves to emerge as fully digital entities to provide innovative solutions for their customers’ daily banking needs can be a daunting task. Established in 1986, 01 Systems is one of the first Software providers in the Middle East, bringing over 30 years of experience in delivering products and services using leading-edge technologies, robust security, and proven competency to effectively mitigate business and operational risks. The company offers a BPM platform is a code-less platform for creating robust, digitalized and scalable enterprise applications. Whether the need to design a new interface or automate complex business process, 01 System’s BPM platform allows users to do it in the shortest time and the least effort. The platform provides an out of the box a drag and drop designer, ready to use templates, an assets library, and a sophisticated rules engine among many other features. The BPM Platform eliminates any need for custom development (coding), enables release new applications and products rapidly to help banks meet with their ever changing business needs.
Over the years, 01 System has strived to improve and enhance its products through cooperation and interaction with the customer’s feedback to deliver efficacy and satisfaction
01 Systems’ BPM platform supports publishing the forms and applications to any device, including kiosks, iTMs, web applications, mobile apps, or desktop applications. In addition, the system automatically detects the device used to access response forms and render its contents based on the device capabilities.
With customers in more than 90 countries, 01 Systems provides state of the art solutions and services cover the areas of Digital Transformation, Signature Management, Document Management, and Business Process Management. Each of 01 System’s solution are tailor-made to ensure that client’s end customers are offered the best experience possible. To further illustrate, the efficacy of 01 Systems solution—the Bahrain Islamic Bank (BisB), desired automation of their business processes and launch banking products on the fly to enhance their service offering in response to the ever-dynamic market requirements. 01 System’s BPM platform enabled BisB to design, create, and optimize multiple processes such as remittances, credit, and loan applications with ease at the same time cut down the time-to-market for their products.
As adoption of digital transformation into all facets of business, fundamentally changing how you operate and deliver value to customers—the banking industry is constantly evolving with the emergence of technologies such as Virtual Banking, Crypto Currencies, and Peer to Peer lending. Over the years, 01 System has strived to improve and enhance its products through cooperation and interaction with the customer’s feedback to deliver efficacy and satisfaction. The company is continually pushing the boundaries of innovation by offering digital solutions to transform the way a business operates in the banking domain.