What's Hot

    Solver Suite Now Available in the Microsoft Azure Marketplace

    September 26, 2023

    World Tourism Day 2023 calls for sustainable growth in tourism

    September 26, 2023

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023
    Facebook X (Twitter) Instagram
    New MadagascarNew Madagascar
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    New MadagascarNew Madagascar
    Home » IBSI NeoChallenger Bank Awards 2022 honor Ila Bank as a Leading Digital Bank
    Featured News

    IBSI NeoChallenger Bank Awards 2022 honor Ila Bank as a Leading Digital Bank

    November 7, 2022
    Facebook Twitter Pinterest Reddit Telegram LinkedIn Tumblr VKontakte WhatsApp Email

    MENA Newswire: ila Bank, the digital mobile-only brainchild of Bank ABC, MENA’s leading international bank, has won two major awards, the ‘Leading Digital Bank in the Middle East’ and the ‘Leading Digital Bank in the Consumer Banking Segment’, at the IBS Intelligence NeoChallenger Bank Awards 2022. ila was honored for delivering a new way of banking through its agile customer-driven innovation approach, leveraging the Cloud.

    The pioneering digital bank, along with its technology supplier Amazon Web Services (AWS), emerged victorious in both categories in recognition of ila’s excellence in driving customer impact through innovative use of emerging technologies. This followed IBSi’s assessment of over 100 technology implementations by Neo, Challenger and Digital Banks from 34 countries worldwide.

    Commenting on the awards, ila Bank Bahrain CEO, Mohamed Al Maraj said: “ila has been built to challenge and disrupt the traditional retail banking model with the purpose of delivering a smarter, more relevant, and inclusive way of banking, in this increasingly digital and fast-changing world. We are indeed honored to have been recognized by IBS Intelligence, a world-renowned authority on financial technology. This win further bolsters our ambitions and reaffirms our success in enriching the consumer banking experience.”

    Excelling across all scoring parameters, ila was commended for its seamless customer experience journey; innovation in offering and continuous deployment of tailored products; implementation excellence as a result of its agile methodology and speed-to-market; and profound customer and programme impact.

    “This was only possible with the agility, speed and flexibility offered by AWS Cloud and our outstanding in-house development team. Congratulations to all our employees, partners and client community who contributed to ila’s tremendous success so far. We look forward to continuing to revolutionize the consumer banking value chain as we expand our innovative offering and regional presence,” added Mr. Al Maraj.

    Nikhil Gokhale, Head of Research at IBS intelligence said, “ila’s cloud-based digital platform enabled it to launch several market-first saving solutions in the Middle East such as ‘Jamiyah,’ automating a regional community saving tradition, an accelerated onboarding process, and innovative payment features, including ‘Transfer by mobile number’. An integrated digital platform allowed ila to leverage insights from its active social media engagement and develop customer-centric solutions, thereby driving financial inclusion and prosperity for its customers.

    Established in 1991, UK-based IBS Intelligence (IBSi) is the leading global pure-play Financial Technology research, news analysis, and advisory firm. The 2022 edition of IBSi’s NeoChallenger Awards celebrated leading Digital, Challenger and Neo Banks, along with technology players, for changing the dynamics of retail banking.

    Share. Facebook Twitter Pinterest LinkedIn Reddit Email

    Related Posts

    ila Bank’s ‘alburaq’ offers a new Islamic banking experience in Bahrain

    August 30, 2023

    Ethnic smokescreens shroud Manipur’s covert drug war

    July 28, 2023

    Chairman & Chancellor Dr Swarankar promotes holistic healthcare in meeting with acclaimed writer Mrs Rajguru

    July 21, 2023

    Shiv Narayan Jewellers Makes History Achieving 8 Guinness World Records™ Titles

    May 31, 2023
    Latest News

    World Tourism Day 2023 calls for sustainable growth in tourism

    September 26, 2023

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023

    Leaders of UAE and Netherlands convene to reinforce mutual cooperation

    September 26, 2023

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023
    © 2021 New Madagascar | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.