Warba Bank launches Kuwait’s first AI-powered personal banking advisor

Digital Reinvention
04/09/2024 News

Warba Bank has introduced "Warba Advisor," Kuwait’s first AI-powered personal banking advisor, as part of its digital transformation strategy. This innovative service aims to enhance customer service by offering personalized financial advice through advanced artificial intelligence, making Warba the first bank in Kuwait to offer such a service.

Mejren Hamad Al-Mejren, Head of the Digital Department at Warba Bank, stated that this initiative reflects the bank’s commitment to automating services and improving operational efficiency. "Warba Advisor" provides clients with tailored financial recommendations based on their use of the bank’s products, such as accounts, credit cards, savings, and investments. The service delivers interactive, updated text consultations, eliminating the need for clients to visit branches or contact the call center.

Al-Mejren emphasized that this service is the result of extensive research and continuous client feedback, gathered through direct meetings and social media interactions. He also noted that Warba Bank views this initiative as part of its social responsibility, aiming to meet the essential needs of various community segments.

Warba Bank has quickly established itself as a leader in Islamic digital banking services, becoming one of Kuwait's largest local banks in terms of shareholders. The launch of "Warba Advisor" underscores the bank’s commitment to innovation and its focus on providing customer-centric solutions.

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