16 August 2020, Doha, Qatar: Qatar Islamic Bank (QIB), the largest private bank in Qatar, has been recognized with two prestigious awards at the Middle East World’s Best Consumer Digital Banks Awards 2020 by Global Finance Magazine, winning Best Mobile Banking App in Qatar, and Qatar’s Best Social Media Marketing & Services awards for the second consecutive year.
The two awards reflect QIB’s excellence in providing the best and most innovative digital banking services in the market, and translate its leading contribution to reshaping the banking scene in Qatar through seamless digital solutions and services that meet all customers’ banking needs.
Headquartered in New York with offices around the world, Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. The magazine regularly selects the top performing banks and other providers of financial services, and its awards have become a trusted standard of excellence for the global financial community.
The recognition of QIB was announced following an evaluation process by a world-class panel of judges, and based on the selection of the editors of Global Finance. The selection of winners achieved excellence across a range of criteria including the strength of strategy for attracting and servicing digital customers, the success in getting clients to use digital offerings, the growth of digital customers, the breadth of product offerings, the existence of tangible benefits gained from digital initiatives, the design and functionality of online tools, in addition to the strength and success of digital products and services.
Commenting on QIB’s deserved win, Mr. Constantinos Constantinides, QIB’s Chief Strategy & Digital Officer, said: “QIB is pleased to once again be recognized for providing exceptional digital banking services in Qatar. Our digital transformation journey started six years ago, and we have since built our own repertoire towards a full digitization of our banking services, and to make banking in Qatar simpler, faster and better.”
“The ongoing changes in customer needs and behaviors, and the importance of digital banking is becoming widely more popular, precisely mobile banking, and customers expect banking services to be available wherever they are and at any time. With this in mind, QIB has continuously invested in upgrading its Mobile App and developing its online platforms to ensure individual and corporate customers always have easy, secure, and convenient banking experiences from the comfort of the homes and offices,” Mr. Constantinos added.
In 2020, QIB has been awarded a number of prestigious awards in recognition of its innovative digital banking services, including Best Digital Bank in MENA, Best Digital Bank in Qatar, and Most Innovative Retail Banking App in MENA by Global Banking & Finance Review, Best Digital Bank in Qatar by The Asian Banker, and Qatar’s Best Digital Bank of the Year and Best Mobile Banking App by The Asset Magazine.