Bahrain’s lending industry has seen undergone significant changes. Each of the four pivotal stages in the credit lifecycle – identity verification, credit evaluation, disbursements, and repayment – has witnessed significant evolution, from Credit 1.0 to Credit 3.0. 

Despite these advancements, many in Bahrain still face obstacles in accessing lending and credit products due to strict requirements imposed by banks. These requirements often include high salary criteria, manual procedures, and excessive documentation for new accounts. As a result, a large portion of the population lacks adequate access to financial services. 

To address this challenge, Bahrain Commercial Facilities Company (BCFC) sought to leverage the capabilities presented by digital technologies to bring credit and lending services to customers’ fingertips. Considering that 100% of Bahrain is digitally connected to the internet, and that mobile penetration is at 142.1%, BCFC wanted to capitalize on this opportunity to meet customer demands while enhancing service delivery. 

BCFC selected Codebase Technologies to guide them from the project planning phase through to the development, deployment, and launch of their mobile lending app, Sahel. 

Our Digibanc platform formed the core technology stack for this solution. Recognizing the importance of aligning with Bahrain’s lending industry trends, particularly the widespread adoption of cloud computing in the Middle East (with 71% of companies already utilizing it), BCFC engaged Atyaf eSolutions for a seamless cloud deployment. This strategic move enabled BCFC to establish an agile foundation for innovation, growth, and competitiveness for one of Bahrain’s oldest credit and lending brands.

Download our case study to learn how we brought BCFC’s visionary solution to life.