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Global Finance



Boubyan Bank continues to make new achievements in the digital banking domain by winning the Best Islamic Digital Bank Award for the third year in a row from Global Finance in addition to receiving the award for the Best Islamic Digital Bank in Kuwait.

Global Finance has already named the list of winning banks worldwide, which included Boubyan Bank alongside Citi Bank.

Boubyan Bank is one of a few banks in the region, and may be in the world, to satisfy the conditions for entering into the competition to win the prize as all the criteria set by Global Finance were met by Boubyan Bank’s experience over the past years.

In its report, Global Finance referred to its selection criteria set by a world-class panel of judges, which are as follows:

  • Strength of strategy set by the bank for attracting and servicing digital customers.
  • Success in getting clients to use digital offerings.
  • Growth of digital customers who use digital banking services throughout all channels whether online or via smart phones.
  • Innovation in providing banking and non-banking services via electronic channels.

As per Global Finance, many Islamic banks were shortlisted for the Best Islamic Digital Bank Award, however, the panel of judges selected Boubyan Bank as the Best Islamic Bank Worldwide.

Methodology

Representatives from Infosys, a global leader in consulting, technology and outsourcing solutions, comprised the Awards judging panel. Based on the judge’s evaluations, Global Finance’s editors made the final selections.

Winners were selected based on strength of strategy for attracting and servicing online customers, success in getting clients to use digital offerings, growth of online customers base, breadth of products offered, evidence of tangible benefits gained from Internet initiatives.