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Royal Birthday
Borneo Bulletin, Monday July 15, 2019
Page 13
customer’s experience while it is also
positioned to support in transforming
Brunei into an increasingly cashless
society. The bank introduced a host of
branchless banking initiatives which
exercise a whole-of-nation approach
and allow for the implementation of
state-of-the-art digital technologies in
industries beyond the banking. This
amplification of a wider customer
experience provides opportunities
for all mobile users to avail of the
technology.
Other game-changing innovations
launched by the bank includes BIBD
NEXGEN Wave, BIBD QuickPay for QR
code payments, BIBD vCard or Virtual
Mastercard, its Mastercard Contactless
and Visa payWave. This makes up
its suite of BIBD NEXGEN solutions.
Aligned with Vision 2035, BIBD
NEXGEN showcases the bank’s intent
to transform conventional banking
to the fintech age. The BIBD NEXGEN
platform fully supports Brunei’s smart
nation initiatives and AMBD’s digital
roadmap to encourage and utilise a
digital payment ecosystem to embrace
a digital transformation that provides
benefits to both users and payment
service providers.
Knowledge and Education for a
Sustainable Future
With the vision to become a
benchmark institution, the bank
supports the national initiatives of
developing Brunei’s human capital with
strategies to become the employer
of choice with the best workforce in
Brunei’s thriving in the best working
to reinforce income streams but also
showcases its ability to be recognised
as part of a larger global financial
ecosystem. In its drive to become a
benchmark financial institution, BIBD
has been recognised by prestigious
international and regional bodies for
its achievements.
BIBD was recently awarded “Best
Managed Bank in Brunei” as well as
“Best Retail Bank in Brunei” for seven
years in running (2013-2019) and is
recognised as the 14th Strongest Bank
in Asia Pacific (2016-2017) by The Asian
Banker. The “Best Bank in Brunei”
award by The Banker, Global Finance
and other respected institutions are
environment available.
To date, over 80 employees have
been certified in various professional
fields, with several receiving awards
from international organisations for
their outstanding achievement in their
programmes. BIBD was also honoured
with the Outstanding International
Collaboration Award by the Islamic
Banking & Finance Institute of Malaysia.
Going Beyond Our Borders
In the international arena, BIBD
carries the national flag through its
representative offices in Singapore
and Dubai. These locations not only
provide the bank with the opportunity
some of the many accolades BIBD has
garnered. This is capped by its success
and recognition in the banking sector
with the “Best Digital Bank” and the
“Best Mobile Banking Application in
Brunei” awards achievement.
Bruneian at Heart
BIBD’s Vision of “Serving Brunei
through Islamic Solutions – to be the
benchmark institution and point of
reference through responsible fusion
of Islamic Values, Real Economy and
Finance” was defined some three
years ago.
In ensuring alignment with this
Vision, the bank started a three-year
journey from 2016 to 2018 when
it launched a Mission Statement
as “THE FIRST CHOICE institution
for Employees, Customers and
Stakeholders”.
The
culmination
of that strategic cycle has seen
BIBD accomplish its ambitions
and accomplish this “First Choice”
position with employees, customers
and stakeholders within Brunei as
evidenced by several achievements
and empirical benchmarks.
BIBD will continue its quest to
carry on breaking new grounds
and to become the region’s best in
the area of Islamic finance. This in
line with Brunei’s national agenda
of establishing itself as an Islamic
financial hub. BIBD will continue to
support His Majesty’s Government in
realising Vision 2035 through its own
corporate vision of becoming a role
model and globally recognised Islamic
bank.