As part of Gulf Bank's strong commitment to being a leader in the area of blockchain technologies, the Bank showcased its WISE Investment Service at the 2018 East Chain Open Hub (ECOH) Seminar, entitled "The Modern Age of Knowledge", which took put on 2 and 3 May at Al Shaheed Park in Kuwait City.

Focusing on the state of this cutting-edge technology today and its significance for various industries, the event clarified relevant guidelines and demonstrated how organisations can plan for the impending blockchain revolution.

Throughout the occasion, Mr. Tareq Al-Saleh, Assistant General Manager for Investments at Gulf Bank, went over financial technology and robo-advisory in the region and clarified on the influence of blockchain modern technology on asset management.

" Blockchain technology can aid in the removal of redundant functions, decrease functional expenditures, and boost possibilities to improve the customer experience, while also allowing firms to generate a much more clear customer profile. While it is unlikely to replace existing systems, it will certainly handle an essential complementing function in enabling new framework for markets and products," Mr. Al-Saleh said..

Mr. Al-Saleh also showcased Gulf Bank's WISE Investment Service, a first-of- its-kind financial investment solution in Kuwait introduced in September 2017. WISE is an advising portfolio monitoring service for upscale, high net worth and ultra-high total assets customers, assisting them diversify their financial investments and buy global markets in a very easy, transparent and cost-effective method. "Gulf Bank's WISE Investment Service supplies several, tailor-made profiles based on investment objectives, length of investment and threat choices. It permits customers to view their financial investment profile anytime and anywhere, with easy access with protected online and mobile banking. There are no purchase costs and a simple, cost-efficient charge structure in one yearly administration charge," Mr. Al-Saleh added.

The ECOH Conference collected individuals from all over the world to highlight the latest innovations in the area of blockchain innovation and review possibilities in addition to challenges connected to its fostering. The event offered participants the unique opportunity to engage in conversations with blockchain fanatics from around the world.

To find out more on WISE and various other Gulf Bank products, please check out among Gulf Bank's 57 branches, call the Consumer Contact Center on 1805805, visit to www.e-gulfbank.com, Gulf Bank's bilingual site, or see its social media sites channels.