Bank of Kuwait (NBK) clinches four Qorus Reinvention Awards - MEA 2023

Digital Reinvention
16/10/2023News

The National Bank of Kuwait (NBK) has once again solidified its position as a leader in the financial services industry by clinching four prestigious awards at the Qorus Banking Innovation Awards 2023, held in Dubai. These accolades recognize NBK's commitment to pioneering innovations and setting new standards in the Middle East's financial sector.

In an evening filled with anticipation and excitement, NBK secured its place in the limelight, taking home awards in four distinct categories: Social, Sustainable & Responsible Banking, SME Bank of the Year 2023, Core Offering Innovation, and Reimagining the Customer Experience.

The Gold Award for the "Reimagining the Customer Experience" category was bestowed upon NBK for its exceptional banking services, highlighted by state-of-the-art ITM (Interactive Teller Machine) devices that enable customers to enjoy quick and hassle-free banking. This recognition underscores NBK's dedication to making banking more accessible and convenient for its clients.

In the "Social, Sustainable & Responsible Banking" category, NBK received the Bronze Award for its innovative "Bankee" program. This initiative focuses on integrating ESG (Environmental, Social, and Governance) standards into banking operations and has played a vital role in promoting financial inclusion and raising financial literacy among government and private school students in Kuwait.

In the "Core Offering Innovation" category, NBK was honored with the Bronze Award for adopting cutting-edge technologies and services in payment systems. The bank's extensive range of digital payment solutions and advanced payment services played a crucial role in securing this recognition.

For its outstanding support to small and medium-sized enterprises (SMEs), NBK was awarded the Silver Award in the "SME Bank of The Year" category. The bank's innovative and digital offerings tailored to meet the unique needs of SMEs reflect its dedication to providing exceptional customer support.

As the largest financial institution in Kuwait, NBK continues to dominate the commercial banking market and consistently earns the highest credit ratings from respected agencies like Moody's, Standard & Poor's, and Fitch Ratings. NBK's vast international network, encompassing branches and subsidiaries in prominent global cities and a regional presence in multiple Middle Eastern countries, further underscores its prowess in the financial sector.


Qorus members can access a complete feature including a detailed presentation of all the winners here

Related news & insights

ESG
25/11/2024Interview

The changemakers: BANK OF AFRICA strives to grow prosperity and sustainability

Morocco's BANK OF AFRICA, previously BMCE Bank, is playing a key role in the country’s efforts to alleviate poverty, stimulate...

Digital Reinvention
23/11/2024News

Bank Islam unveils advanced digital banking platforms

Bank Islam Malaysia has launched its next-generation digital banking platforms, BIMB Mobile (BIMB Mobile app) and BIMB Web (web.bimb.com), setting...

22/11/2024News

BBVA drives innovation with ChatGPT enterprise deployment

In just five months since distributing 3,000 licenses across all levels of the organization, 83% of users have adopted the...

Insurance
21/11/2024Article

Insurance Innovation of the Month: AI-powered Agent Virtual Assistant by Santalucía Seguros

Opening a new round of Qorus Innovation in Insurance Awards, we are pleased to announce this month’s winner: Santalucía Seguros’...

21/11/2024News

Sumeria’s Café: Where banking meets community

French neobank Sumeria, a subsidiary of Lydia, has launched Un vrai coffee shop, a unique space open to all—customers and...

Digital Reinvention
21/11/2024News

Openbank launches in Mexico: A fully digital banking experience

Openbank, Grupo Santander’s fully digital bank, has officially entered the Mexican market, offering a cutting-edge, fee-free banking experience with competitive...

SME Banking
21/11/2024News

Westpac to boost SME support with 200 new bankers by 2027

Westpac has announced its commitment to hire 200 additional small business and SME bankers across Australia by the end of...

Digital Reinvention
20/11/2024Article

Revolutionizing financial services: The limitless potential of BaaS

In this article, Fatih Ogun, Head of Strategy at Akbank, sheds light on the concept of BaaS, its emerging use-cases...