Wahda Bank partners with Backbase to bring Banking OS to businesses and retail customers across Libya
One of Libya's largest banks will launch Arabic-first, digital banking for businesses in 2027, with retail customers following on the Backbase AI-native Banking OS.
Backbase and Wahda Bank, Libya's largest bank, have teamed up to launch a new digital banking platform for the nation's businesses and retail customers. The platform, called Banking OS, will launch with business banking in 2027, offering features such as electronic identity verification, digital onboarding, daily banking, and invoice management.
Retail customers will follow later, with the addition of cards and money management services. The partnership was announced by Wahda Bank's Chairman, Ahmed Gadalla, who expressed his support for the development of Libya's banking sector and the adoption of digital financial services. The platform will be designed in Arabic, with full English support, allowing employees to access the full customer profile in a single workspace.
Wahda Bank will integrate the Banking OS with its Oracle FLEXCUBE core, as well as with Libya's instant payment systems, LYPay and OnePay. The bank will work closely with Backbase engineers through joint teams and training programs to ensure they can extend the platform as needed. This strategic partnership positions Wahda Bank to shape the digital economy in Libya and provide its customers with a seamless digital banking experience.
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