KUWAIT: Warba Bank announced that it has been awarded with two awards on Kuwait level from CPI Financial for its remarkable performance during last years, they are:" Distinguished Achievement in Digital Innovation" and "Best Digital Banking services". Mohamed Atef Al Shareef, Chief Officer of Strategic and Digital Group at Warba Bank, attended the awards' ceremony event at the Ritz Carlton Hotel in Dubai, and received the two awards on behalf of the Bank in presence of an elite participants of high-ranked bankers representing banking institutions from GCC, the ME and the world.
"The awards reaped by Warba Bank this year are indicators of the progressed stage of development the Bank has reached; we pride ourselves to be awarded the Best Digital Banking Services award on Kuwait level and the "Distinguished Achievement in Digital Innovation", commented Mohamed Atef Al Shareef/ Chief Office of Strategic & Digital Group at Warba Bank.
Al Shareef asserted on the importance of these two awards as given by and international authentic institution well renowned for its neutrality; moreover, to be given these awards from the most credible institution in banking ratings tops-up our extensive efforts during the last three years where we have heavily injected investments in information technology and digital banking services". Al Shareef elaborated that Warba Bank was amongst few banks on regional level that met the terms to apply for the award; it has fulfilled all the criteria of CPI Financial related to the Bank experience during the last three years.
He explained: "the two awards are a tangible proof that the Bank's strategy, launched in 2017 with prime focus to adopt the digital transformation has been fruitful; today, we apply the digital transformation in the Banks' different operations to meet the digital trend and cater to customers' growing needs, the fact that paved the way for us to accomplish several achievements which have resulted the nomination of the Bank as one of the candidates to receive these awards; in particular, Al Wateen, our digital factory has been the main drive behind the Bank's nomination as being an unparalleled exclusive digital center with distinguished outputs of remarkable digital services such as: Jam3eya, Hassala, My Budget to name a few".
Al Shareef pointed out that during the last period, an impressive increase in customers' data has been recorded among those who use the digital banking solutions via Warba Online and Warba application hence the number of online banking transaction has been doubled during last years.
He continued: "Warba honorable achievements continues to affirm our honest and extensive efforts to enhance its offerings of banking services and products to meet customers' expectations; we are deeply committed to keep on with the innovation which will result unique features with each update we release". CPI Financial is one of the best international institutions specialized in evaluating and surveilling the performance of different financial institutions. it manages both of banking performance and finance awards and publish a number of best financial magazines in the world including the Banker Middle East.
Winners as chosen according to judges' committee recommendations; it is formed of independent experts in the banking sector, what adds credibility and transparency on the given awards. Once candidates are selected, the committee starts the evaluation process according to a series of criteria and financial indicators then opens the floor for voting to choose winners from the candidates' list.