Qatar’s first Islamic financial institution, Qatar Islamic Bank (QIB) has been recognized as the “Digital Bank of the Year” in Qatar at Asset Triple A Digital Awards instituted by the Asset Magazine, a leading financial publication in the Asia-Pacific region.
Further, the bank has received the “Best Mobile Banking Application” award for the “outstanding mobile banking experiences.”
QIB said in a statement that “the awards are a testament to its digital transformation strategy and the constant development of its product suite, introducing innovative financial solutions to fulfill the ever-changing needs of its customers in Qatar and beyond.”
“We are pleased to be recognized for the progress of our bank’s digital transformation. We have worked hard over the past few years to digitize, simplify, and personalize the banking experience for our existing and prospective customers, and will continue this path going forward. Our digital transformation is ongoing to further improve our customers’ experience and contribute positively to the bank’s profitability and efficiency. These recognitions are a testament to the strength of our diverse team and our ability to deliver innovative financial solutions to our customers. We’re genuinely proud to be recognized by the prestigious The Asset Magazine and represent Qatar in the international banking arena.”
The Asset Triple A Digital Awards recognizes financial institutions and technology firms that have excelled in innovating and developing a unique digital experience for customers across the Asia-Pacific and Middle East regions.
“The awards are adjudicated by The Asset’s board of editors who collectively have several decades’ worth of experience evaluating industry awards in the Asia-Pacific and the Middle East,” as per the reports.
Last year, QIB became the first bank in Qatar to introduce an artificial intelligence (AI) based conversational Chabot called ‘Zaki’ in order to serve customers through the Bank’s website, and Visa Direct, a digital payments platform enabling real-time international fund transfers on the Visa network.