JBOS compliance enablement for another Bahrain bank
10xDS has delivered automation for JBOS compliance for yet another Bahrain Bank. With the introduction of the Judicial Banking Orders System (“JBOS”) in Bahrain, the Ministry of Justice, Islamic Affairs, and Waqf (abbreviated “MOJ”) Bahrain banks are required to implement the new system for blocking and unblocking orders with all banks. As phase 1 concluded, the bank is able to cover one of the many scenarios that cover most customer accounts. Activities across the Core Banking System and JBOS site were automated. The benefits include scalability, minimal human dependency, SLA compliance, and better SLA compliance through faster processing times and continuous request monitoring. To automate all scenarios, subsequent phases are in progress.