Backbase and Libyan Islamic Financial institution go stay with a seamless new platform, bringing digital-first banking to Libyan clients.
TRIPOLI, Libya, 5 August 2025-/African Media Company (AMA)/- Backbase, the worldwide chief in AI-powered banking expertise, at the moment introduced the current profitable platform launch of Libyan Islamic Financial institution (LIB), one of many nation’s fastest-growing monetary establishments. This achievement represents Backbase’s first platform launch in Libya, underscoring its dedication to increasing state-of-the-art, customer-centric banking throughout North Africa.
From ambition to impression
As a digitally centered financial institution, LIB got down to differentiate itself by means of an experience-led method to banking. In collaboration with Backbase, the financial institution laid the groundwork for a customer-first working mannequin that’s constructed for pace, flexibility, and long-term relevance in a quickly evolving market.
Mohamed Almabrok, Digital Banking Platform Mission Supervisor, Libyan Islamic Financial institution, expressed his enthusiasm: “It is a proud second for us. With Backbase, we’re remodeling banking for our clients, bringing monetary companies nearer to them with the comfort, safety, and accessibility of world-class digital banking.”
A redesigned expertise for on a regular basis banking
The brand new cell app presents a extra intuitive means for patrons to handle their funds, with options corresponding to:
Safe logins and real-time transaction trackingInternal transfers and in-app messagingPersonalized servicing and buyer self-service capabilitiesInstant funds and ATM/department locator functionalityA clear, user-friendly interface designed for day by day use
As a part of the launch, LIB additionally turned one of many first banks within the nation to combine with LYPAY, the Central Financial institution of Libya’s instantaneous cost service. This showcases the agility of the platform in assembly new regulatory and infrastructure calls for.
“The profitable launch of Libyan Islamic Financial institution’s digital platform is setting new requirements for digital-first experiences,” mentioned Aymen Daoud, Regional Vice President for Africa at Backbase. “It displays the financial institution’s capacity to steer and evolve in Libya’s quickly altering monetary sector.”
Native information, international expertise
The go-live was delivered by means of an in depth collaboration between Backbase and regional implementation companion OneTech Enterprise Options. OTBS performed a significant position in aligning the deployment with LIB’s particular wants and Libya’s regulatory surroundings, serving to guarantee pace, stability, and long-term scalability.
“This mission reveals what’s attainable when international expertise meets native execution,” mentioned Atef Loukil, Deputy CEO and Head of Digital Manufacturing facility at OneTech Enterprise Options. “Working carefully with Backbase and Libyan Islamic Financial institution, we ensured a seamless deployment that displays the realities of the Libyan market. It’s a robust instance of how partnership drives actual digital transformation.”
Constructed for what comes subsequent
This launch represents the primary part of LIB’s longer-term digital transformation roadmap. With a robust digital basis now in place, the financial institution is positioned to reply to evolving buyer expectations and proceed modernizing its companies at scale.
Backbase’s profitable entry into Libya additionally marks a strategic enlargement level in North Africa. The corporate stays dedicated to serving to banks of all sizes modernize at pace, by means of adaptive expertise, regulatory alignment, and seamless buyer experiences, all powered by its AI-powered Banking Platform.
Distributed by African Media Company (AMA) on behalf of Backbase.
About Backbase
Backbase is on a mission to place bankers again within the driver’s seat — absolutely geared up to steer the AI revolution and unlock exceptional progress and effectivity. On the coronary heart of this mission is the world’s first AI-powered Banking Platform, unifying all servicing and gross sales journeys into an built-in suite. With Backbase, banks modernize their operations throughout each line of enterprise — from Retail and SME to Business, Non-public Banking, and Wealth Administration.
Acknowledged as a class chief by Forrester, Gartner, Celent, and IDC, Backbase powers the digital and AI transformations of over 150 monetary establishments worldwide. See a few of their tales right here.
Based in 2003 in Amsterdam, Backbase is a world non-public fintech firm with regional headquarters in Atlanta and Singapore, and workplaces throughout London, Sydney, Toronto, Dubai, Kraków, Cardiff, Hyderabad, and Mexico Metropolis.
About Libyan Islamic Financial institution
Libyan Islamic Financial institution, is an Islamic monetary establishment primarily based in Libya with a capital of 500 million Libyan dinars, established since 2017. Working in step with the provisions and legislations of Islamic Sharia, the financial institution primarily focuses on retail and company segments, striving to supply companies that adhere to the best requirements of Islamic banking. For extra info, go to https://www.lib.com.ly/
About Onetech Enterprise Options
OneTech Enterprise Options (OTBS) is among the main IT and telecom integrators in Tunisia, with over 30 years of expertise serving enterprise and monetary shoppers. OTBS has constructed a robust fame for delivering high-value, built-in expertise options—from community infrastructure, cybersecurity, and datacenter programs to unified communications and enterprise collaboration.
In recent times, OTBS has expanded its experience into software program and digital companies, with a selected deal with the monetary sector. We help banks throughout EMEA of their digital transformation by means of the supply of sturdy digital banking platforms. Our groups convey confirmed experience in integrating with core banking programs, implementing omnichannel, customer-centric journeys, and guaranteeing compliance with native monetary laws. As an authorized integration companion of Backbase, we ship scalable and safe options tailor-made to every shopper’s strategic targets.
This distinctive positioning allows banks to supply safe, modern, and user-centric monetary companies to their clients—accelerating their digital transformation with confidence.
Press Contact
Backbase
Alexandros Papaioannou
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