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Innovation Innovation Innovation

Digital Banking &
Innovation

In 2024, the Digital Banking & Innovation division continued to strengthen its position as a leader in Islamic digital banking.

Our focus this year has been on major strategic pillars: enhancing customer acquisition and retention, optimizing costs, and ultimately boosting profitability while improving the customer experience.

We achieved these goals through significant initiatives such as the launch of Albilad Verse, a groundbreaking application incorporating Metaverse components.

Our commitment to innovation underscores our core value of embracing digital transformation as we lead the way in offering comprehensive and user-friendly digital banking solutions.

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2024
Highlights

  • Launched Albilad Verse
    Application

  • Initiated Open Banking for
    Corporate Customers

  • Onboarded Digital
    Visitors

  • Established 5 new Fintech
    Partnerships

  • Awarded “Fastest
    Growing Mobile
    Application”

Customer Experience

In 2024, the Customer Experience & Quality department at Bank Albilad has reaffirmed its commitment to elevating the banking experience, reflecting our dedication to service excellence and customer satisfaction.

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2024
Highlights

  • 95% Customer
    Satisfaction Rate

  • Successful CRM
    Transition

  • Comprehensive Regulatory Compliance

  • 96% On-Time Complaint Resolution

  • Digitized Customer Feedback Mechanism

For more information about Customer Experience,
please download the full report by visiting
our Download Center.

Information Security

In 2024, the Information Security division at Bank Albilad focused intensively on safeguarding the bank’s digital and informational assets amidst an increasingly complex cyber threat landscape.

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2024
Highlights

  • Successful Implementation
    of Advanced Security
    Measures

  • Robust Incident
    Management

  • Comprehensive
    Compliance with
    regulatory frameworks

  • Innovative Technology Adoption such as Privileged Access Management (PAM) and Identity Governance (IAM)

  • Enhance the
    Security Operation Center

  • ZERO Security
    Incidents with Harmful Consequences

For more information about Information Security,
please download the full report by visiting
our Download Center.

Shared Services

In 2024, the Shared Services Division at Bank Albilad has been instrumental in enhancing operational efficiency and supporting the bank’s infrastructure through automation and optimization of business operations.

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2024
Highlights

  • Deployed Robotic Process Automation (RPA) within
    bank operations

  • Successfully Operationalized Standalone Branches

  • Developed a New Data
    Center

  • Enhanced Legal and
    Business Continuity
    Awareness Among
    Employees

  • Established a Ladies’ Gym

For more information about Shared Services,
please download the full report by visiting
our Download Center.

Business Continuity

in 2024

two comprehensive tests were conducted to ensure the effectiveness of the business continuity plan in accordance with the instructions of the Saudi Central Bank.

The Bank is dedicated to thoroughly reviewing, updating, and developing the concept of business continuity to assess the bank‘s readiness in the unfortunate event of crises, God forbid.

In 2024, two comprehensive tests were conducted (Business Continuity Test – Cybersecurity Test) to ensure the effectiveness of the business continuity plan in accordance with the instructions of the Saudi Central Bank. Furthermore, comprehensive disaster recovery plan tests were conducted, spanning seven days and encompassing all critical operations and IT systems. These tests involved transferring these systems to the Bank’s secondary data center for safekeeping.

For more information about Business Continuity, please download the full report by visiting our Download Center.

Technology

The Technology Group at Bank Albilad is a multifaceted division comprising IT Operations, IT Solutions and Delivery, the Data Management Office, and IT Governance.

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2024
Highlights

  • PDPL
    Implementation

  • Trade Finance
    System
    Enhancement

  • Investment Wakalah (Zakat Non-Exempt) Product Launch

  • Achieved 100% Compliance
    with SAMA ITGF

  • Inaugurated a
    Tier 4 Data
    Center

  • Automated Compliance &
    Risk
    Management

For more information about Technology,
please download the full report by visiting
our Download Center.