Dubai, UAE – Codebase and Bahrain Commercial Facilities Company (BCFC) are selected as regional winners at the esteemed IBS Intelligence Digital Banking Awards 2024. This accolade highlights the exemplary collaboration between the two companies in launching the Sahel App, a cutting-edge digital lending platform that is revolutionizing the financial services sector in Bahrain and is powered by Codebase’s Digibanc platform.

Abdulla Bukhowa, Chief Executive Officer of BCFC, expressed his pride in the award, stating, “This award is a testament to the dedication and hard work of our teams. The Sahel App marks a significant milestone in our digital transformation journey, and we are honored to receive this accolade alongside Codebase.”

The IBS Intelligence Digital Banking Awards are a benchmark of excellence in the global financial services industry, celebrating innovation and superior performance in digital banking and fintech solutions. The award conferred on Codebase and BCFC underscores a joint commitment to driving digital transformation and enhancing customer experiences in the financial services domain.

“We are immensely proud to support innovative organizations like BCFC. Winning the IBSi Digital Banking Award 2024 is a testament to the power of successful collaborations. Our commitment to providing cutting-edge solutions enables our partners to achieve remarkable results, demonstrating the transformative impact of technology in the banking sector,” commented Tamer Al Mauge, Managing Director – MENA, Codebase.

The Sahel App has achieved several significant milestones that underscore its innovative impact on the Bahraini market. Within the first three months of its launch, the app reached 20,000 active users and facilitated the issuance of 50% of BCFC’s cards. Additionally, the app allows customers to receive lending decisions and access funds within 15 minutes, and offers the ability to compare and instantly renew motor insurance policies. These milestones highlight the app’s rapid adoption and the efficiency it brings to financial services, reflecting the successful collaboration between Codebase and BCFC.

“On behalf of IBS Intelligence, I congratulate Codebase and Bahrain Commercial Facilities Co for their outstanding achievement. This project was selected by our judges for its innovative approach in the integration of instant credit card issuance, remote onboarding, and personalized features into an engaging experience that showcases both companies’ commitment to excellence in customer-centricity.” Nikhil Gokhale, Director- Research & Digital Properties.