Alawwal bank gains international recognition for innovative services
Alawwal bank has received two Global Banking and Finance Review Awards for its pioneering digital branch and cash management services.
The bank won ‘Most Innovative Banking Initiative in Saudi Arabia 2018’ for its unique IBDA branch, offering state of the art digital banking services in a relaxing café environment. Since its launch, IBDA’s promise of offering new accounts and cards under 10 minutes has proven popular with customers. The branch also supported Vision 2030 goals for financial literacy in the Kingdom by hosting events to help children learn about money and saving.
Alawwal bank was also awarded ‘Best Cash Management Solutions Bank Saudi Arabia 2018’ following recent updates to its popular service for businesses. As well as minimising risks and reducing transaction costs, the bank introduced the Alawwal Corporate Online portfolio to help corporate customers transact securely, without the need to visit a branch.
“The team work hard to maintain our reputation for banking innovation in the Kingdom, so it’s great to see their efforts recognised internationally. We are always challenging ourselves to find new ways to make life easier for our customers, whether that’s using technology to create a better branch banking experience, or helping businesses make safer, faster transactions.” said Soren Nikolajsen, Managing Director, Alawwal bank.
The Global Banking and Finance Review Awards were created to recognise excellence within the global financial community. The awards see Alawwal bank join a prestigious list of financial institutions across the world, all honoured for championing progressive and inspirational changes within the financial sector.
To view our full list of awards