KIB wins Excellence in FinTech Innovation & Digital Leadership in Kuwait in 2024

KIB has been recognized by the World Union of Arab Bankers

Kuwait International Bank (KIB), has been awarded the Excellence in FinTech Innovation & Digital Leadership in Kuwait for the Year 2024 by the World Union of Arab Bankers (WUAB) at the 10th Arab Banks Awards and Commendations of Excellence 2024 ceremony held in Cairo. 

This recognition underscores KIB's steadfast dedication to enhancing financial technology and fostering digital innovation within the Kuwaiti banking industry.

The thorough selection process carried out by the Awards Committee relied on extensive criteria and data covering 2023 and 2024. The criteria encompassed dedication to fintech innovation, integration of AI and machine learning, emphasis on cybersecurity and data privacy, initiatives for digital inclusion and financial literacy, and a commitment to sustainability through digital practices.

This evaluation highlighted KIB’s ability to align with global standards, foster innovation, and prioritize customer-centric digital solutions. 

We are honored to receive this esteemed award from the World Union of Arab Bankers. The recognition affirms our Bank’s dedication to embracing the future of banking through technological excellence. We are proud to be a driving force in transforming the way banking services are delivered in Kuwait, while remaining focused on enhancing the customer experience and fostering a digitally inclusive financial ecosystem.

- Mohamed El-Shareef, General Manager of the Digital Innovation and Data Intelligence Department at KIB

KIB remains dedicated to contributing to shaping the future of banking in Kuwait through a blend of technological innovation and strategic foresight.

The Bank constantly strives to bring a seamless, modern, and safe banking experience to all segments of society, stemming from its main slogan ‘Bank for Life’.

The World Union of Arab Bankers, based in Beirut, Lebanon, includes over 500 members from the Arab banking sector. The organization is responsible for publishing The Banking Executive Magazine and initiated the Arab Banks Awards and Commendations of Excellence in 2015. This event has grown to be one of the most significant in the Arab banking industry, annually honoring over 50 Arab banks.

About KIB

Kuwait International Bank (KIB) is a bank that operates according to the Islamic Shari’ah, based in the State of Kuwait. Incorporated in 1973 and originally known as Kuwait Real Estate Bank, KIB made the transition to its current Islamic operating model in 2007. In 2018, KIB embarked on a new phase of its journey full of innovation and development. As part of its new strategic direction, the Bank focuses on offering a next-level customer experience under the slogan: “Bank for Life.” 

Through a network of branches spread across the State of Kuwait, KIB offers a broad range of banking products and services, as well as innovative digital banking solutions in line with international best standards. Today, KIB has taken concrete steps in implementing its new strategic objectives. The Bank has cemented its role as a key player in the local banking industry and has continued to maintain its strong financial performance, enabling it to be globally recognized for its strong credit rating and financial position.

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