Launched in Bahrain on 24 November 2019, ila Bank is a digital, mobile only banking entity in Bahrain powered by Bank ABC, MENA’s leading international bank. Aided by Artificial Intelligence and data analytics, the intuitive app is designed to appeal and serve a wide section of users ranging from millennials and older age groups to blue collar workers.
The app’s current offerings include completely digital onboarding, requiring only one ID and a selfie, instant virtual card for online transactions, physical debit card, multi-currency account, a current account that offers interest without a minimum balance or tenure. ila also introduced two truly unique savings products, “Hassala”, a savings pot that encourages the habit of saving, and “Jamiyah” a collaborative digital savings tool. The ila app is available for download on Google Play and Apple stores.