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BCFC & Codebase Technologies launch credit & lending app ‘Sahel’, supported by Atyaf eSolutions

By Delisha Fernandes

December 20, 2023

  • Atyaf eSolutions
  • Banking transactions
  • BCFC

BCFC, Codebase Technologies, credit, lending app, Atyaf eSolutions, Central Bank of Bahrain, banking transactions, digital onboarding, facial recognition, eKYC, instant credit card, Fintech news, Fintech MENABahrain Commercial Facilities Company (BCFC), has launched its cloud-based credit and lending app, Sahel, in Bahrain.

Developed in collaboration with strategic technology partners Codebase Technologies and Atyaf eSolutions, the app will enable BCFC to expand its credit and lending business to new markets and client segments through digital experiences.

“We are delighted to announce the official debut of our latest application, ‘Sahel,’ representing a pivotal milestone in both our company’s journey and the broader landscape of digital financial services in the Kingdom of Bahrain, and underscoring our commitment to innovation and the advancement of financial solutions in the digital era,” said Abdulla Bukhowa, CEO of BCFC.

BCFC’s Sahel app empowers customers to digitally onboard and apply for credit cards, loans, and insurance, manage loan and credit repayments, view their transaction history and statements, and conduct a range of daily banking transactions.

The app uses Codebase Technologies’ proprietary intelligent credit decisioning engine, allowing customers to benefit from instant credit card issuance and loan approvals while providing BCFC with improved operational efficiency and smarter risk management. The team also included a virtual credit card option with immediate access to cards and a unique loyalty points functionality, allowing customers to conveniently transfer and redeem their accumulated rewards.

“In today’s age, large institutions are leveraging partnerships with digital banking providers and fintechs to augment their capabilities and become more agile, rather than building experience from scratch. BCFC showed great leadership and foresight by adopting a modern approach to digital services development, by leveraging our Digibanc platform, which positions them in a great place to lead the market and ensure their innovative capabilities are future-proofed,” said Tamer Al Mauge, Managing Director – MENA, Codebase Technologies.

Codebase Technologies’ Digibanc serves as the underlying technology stack for Sahel, deployed in a cloud environment, allowing the integration of multiple customizable components and third-party APIs, providing BCFC with an unprecedented level of agility and innovation. To ensure optimized upfront costs, enhance speed to market, and guarantee scalability, Codebase Technologies deployed Digibanc in a cloud-hosted environment managed by Atyaf eSolutions.

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