back Back

Commercial Bank of Kuwait & Network International team to enhance digital banking

By Delisha Fernandes

February 06, 2024

  • Commercial Bank of Kuwait
  • Digital Banking
  • Digital Payments
Share

Network InternationalCommercial Bank of Kuwait (Al-Tijari) has partnered with Network International (Network) to enhance Al-Tijari’s ongoing digital transformation and payment innovation initiatives.

Sheikh Ahmad Duaij Al-Sabah, Chairman of Commercial Bank of Kuwait, said, “Commercial Bank of Kuwait has a rich history of innovation and excellence in banking services that positions us among international banking standards. The partnership with Network International strengthens our leadership in the industry and signifies our ongoing commitment to our valued customers.”

The partnership marks a significant milestone in the digital transformation journey of Al-Tijari. The bank will leverage Network’s technology and expertise in end-to-end issuer processing capabilities, including fraud detection and prevention, tokenisation, cardholder self-serve application, advanced authentication, and instant issuance, among other services, to offer its customers progressive and innovative digital experiences.

Nandan Mer, Group Chief Executive Officer of Network International, said, “We are honoured to partner with Al-Tijari, a respected leader in Kuwait’s banking sector. Our collaboration is aimed at delivering innovative digital payment solutions to Al-Tijari’s growing customer base. As a preferred partner for several diverse financial institutions in the MEA region, we are excited to contribute our proven expertise in digital payment solutions to this dynamic partnership.”

“The Kuwaiti market is undergoing significant transformation, driven by unprecedented digital payment adoption,” Mer added. “We are committed to supporting this growth and eagerly anticipate our role in Al-Tijari’s journey towards digital excellence.”

Network International’s local and regional expertise in digital payments and financial inclusion aligns perfectly with Al-Tijari’s vision. This partnership represents a substantial advancement in Kuwait’s digital banking sector and affirms the shared dedication of both institutions to providing innovative financial services in the region.

Previous Article

February 05, 2024

Santander names Petri Nikkilä as global CEO of Openbank

Read More
Next Article

February 06, 2024

Nium expands India footprint, secures Payment Aggregator License from RBI

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

Commercial Bank of Kuwait

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

Vencora acquires CREALOGIX to expand its banking technology services

Read More

February 23, 2024

Axway to buy most of Sopra Banking Software activities for €330m

Read More

February 22, 2024

Kani Payments taps Pismo for data reconciliation and reporting

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023