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Ahli United Bank wins Global Finance Best Online Cash Management Bank” in Kuwait, 2019 Award

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Press Release
26 August 2019

Ahli United Bank wins Global Finance Best Online Cash Management Bank” in Kuwait, 2019 Award

Ahli United Bank (AUB) announced that it has been awarded the “Best Online Cash Management Bank” in Kuwait 2019 in corporate banking for the third year in succession, by Global Finance, the leading international finance magazine.

This award is given to banks that offer advanced local, regional and international banking solutions combined with the latest innovative digital technologies with the aim to offer modern products and services that meet the needs and aspirations of customers.

AUB’s Cash Management capabilities is led by its market leading ‘B2B’ platform which offers companies the capabilities to manage their cash, payments and receivables through the internet and over the mobile.

AUB won this award based on a set of specialized criteria, including the Bank’s strong strategy in acquiring and serving digital customers, success in migrating customers to digital platforms, the growth of the digital customers base, the breadth of digital products offerings, providing evidence of tangible benefits for the Bank’s digital initiatives and the unique design of the Bank's website.

Ahli United Bank was selected for this award through a rigorous assessment process conducted by a world-class jury at Infosys, a global leader in technology services, consulting and external support. The editors of Global Finance took over the final selection process for all winners and considered only the banks that entered the competition for the awards.

On this occasion, Mr. Tareq Muhmood, AUB Acting Chief Executive Officer said “We are pleased to receive this prestigious award from Global Finance for the third time in a row, which is a recognition of the success of the Bank's initiatives. Over the past 18 months we have seen growing adoption by our customers of our B2B platform which is a key differentiator for Ahli United Bank in Kuwait”.

Mr. Muhmood added “Ahli United Bank has always been at the forefront of innovation in the banking sector. This prestigious award confirms our successful efforts that focus on our customers first within our digital transformation. Mr. Tareq congratulated AUB’s Cash Management Team for their vigorous efforts to continue, develop and expand AUB banking service in accordance with an ambitious business plan that is aligned with the Bank's vision of digital transformation.”

Mr. Hisham Zaghloul, AUB Deputy Chief Executive Officer, Corporate Banking, said “We are proud to receive this prestigious international award from a leading financial magazine as Global Finance. We are always striving to provide a unique banking experience, innovative and integrated quality services to our customers. We consider this prestigious award as evidence of the Bank's leadership in digital services in a competitive environment as well as the success of the digital transformation plan that the Bank systematically implements.”

Mr. Ali Al-Naqi, Executive Manager of the Cash Management Unit and B2B at AUB, said “Winning this award demonstrates the customers’ confidence in AUB’s unique offered banking services and their preference for the services and products the Bank continuously offers them. This recognition gives us a strong stimulus to continue to achieve excellence in all business areas and motivates us to continue to invest a lot of efforts and investments to firmly establish our distinctive position by providing innovative financial solutions that satisfies our customers.
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