WarbaBank

As a result of the Bank’s digital strategy, which aspires to provide digital banking solutions in which the Bank is closer to its clients, and the outstanding performance provided by the Bank and the increasing growth of its digital banking operations in 2023, Warba Bank recently received an award from “International Finance Magazine”, which is the “Most Innovative Banking Technology” award. "The Augmented World - Kuwait 2023,

The magazine's evaluation adopted a deep analytical method as an electronic source that helps readers understand the driving forces of the market more fully. Its awards are based on market developments and the performance of the economic forces described therein. It constitutes an essential reference for readers that sheds light on market changes, giving them a clear idea of the complex economic procedures taking place in the global business community.

Commenting on the award, Mr. Abdullah Waleed Al-Osaimi - Executive Director - Innovation and Partnerships Department at Warba Bank, said: “Awarding Warba Bank confirms the development of its digital banking products and services and it’s assuming a leadership position in the digital banking sector and the augmented world, and this is proven by the Bank’s achievements in 2023, which reflects the Bank’s digital strategy path. He added that during this period, Warba was able to offer digital banking services and products that greatly contributed to strengthening the Islamic banking sector and met modernization and technology, which today is a primary requirement for customers.

Al-Osaimi said that Warba Bank is focusing its efforts on the innovative digital banking products and services provided to its clients, which are designed to suit clients’ requirements and their diverse lifestyles. He explained that Warba Bank succeeded in making great leaps in providing distinguished banking products and services in the local market.

Al-Osaimi concluded his statement saying that Warba Bank, including its activities in the world of augmented reality, “Warba World,” is part of its bold plan for digital transformation and innovation in 2023. This unique digital initiative in marketing activation is the first of its kind in Kuwait and offers a local flavor along with educational materials ranging from simple banking questions to general facts to showcase the beginning of financial education for all members of society alike. This allows everyone to participate in the adventure, and participants can go directly and choose their own avatar, which transports them to a stunning 3D version of Kuwait City, all supported by augmented reality technology.

Warba Bank is also considered the first bank in Kuwait to announce the launch of virtual recruitment through a job fair, where the application became virtual through augmented reality instead of the traditional application by visiting the Human Resources Group or through the website, making it easier for all applicants and those interested in jobs at Warba Bank.

Warba Bank is one of the banks that has achieved great successes in a short period, as it occupied a leadership position in the field of Islamic digital banking services for individuals, and it is one of the largest local banks in the number of shareholders, and these are among the most prominent components that make the bank close to all members of society.