Kuwait: NBK launches “NBK Direct Remit” for immediate cross-border transactions using the RippleNet international network27.12.2018
Upholding its leadership position in Kuwait, National Bank of Kuwait (NBK) continues to offer the latest technological solutions in the sector of money transfers and has become the first financial institution in the country to launch the “NBK Direct Remit” for cross-border live payments which uses RippleNet’s enterprise blockchain technology solution to provide customers with a frictionless remittance experience and fast cross-border money transfer solutions.
The “NBK Direct Remit” is a fast remittance service available online 24/7 for all customers. NBK aims to continue launching innovative solutions for the growing needs of customers by adopting RippleNet’s network globally.
Commenting on the new milestone, Mr. Dimitrios Kokosioulis, Deputy CEO- Group operations & Technology Said: “This service is a significant achievement as it enables our customers to make money transfers within seconds, easily and at their convenience anytime of the day. The launch comes as part of our commitment to responding to the needs of our customers wherever they are around the world, providing them with safe solutions and a global presence in 15 countries.”
Mr. Kokosioulis added, “Focused on digital transformation, NBK has previously launched successful and innovative products that serve different segments, including the NBK Tap & Pay, QuickPay, NBK SelfiePay, cardless cash withdrawal, Biometric Cards, in addition to the continuous enhancements to the NBK Mobile Banking App and other services that make our customer’s banking experience an enjoyable one.”
He also said that the new service will be available for customers to make live payments to Jordan, and soon to other countries.
"The National Bank of Kuwait (NBK) is an important partner in the region, and we're excited that they have begun moving live payments across our blockchain network on behalf of their customers," said Marcus Treacher, SVP of Customer Success, Ripple. "We will continue to work with NBK to connect them to more RippleNet partners so their customers can make quicker, cheaper payments to anywhere in the world."
NBK is the largest financial institution in Kuwait and enjoys a significant market share in the local commercial banking sector. NBK also maintains the highest credit ratings among banks in the region and from the world's leading credit rating agencies: Moody's, Standard & Poor's and Fitch.
NBK has a wide presence locally and internationally through its branches, subsidiaries and representative offices internationally in China, Geneva, London, Paris, New York and Singapore, as well as regionally in Lebanon, Jordan, Egypt, Bahrain, Saudi Arabia, Iraq, Turkey and UAE.
Kuwait: NBK Academy Celebrates Graduation of 20th Batch of Employees07.01.2019
The National Bank of Kuwait (NBK) celebrated the graduation of its 20th batch of newly recruited employees from its annual NBK Academy which develops the skills of university graduates and qualifies them to work in the banking sector.
The ceremony was attended by the Chief Executive Officer - Kuwait at the National Bank of Kuwait, Mr. Salah Al-Fulaij, the Deputy CEO - Kuwait at the National Bank of Kuwait, Mr. Sulaiman Al-Marzouq and other members of the Executive Management.
Graduates who have ranked first this year were awarded for outstanding efforts in the duration of the program, attending lectures, practical training and on-site visits to branches.
During the four-month period of the program, the training phases of the Academy covered the various aspects of banking such as banking principles, risk management, teamwork, financial accounting, marketing, negotiation, consumer and commercial lending, in addition to practical trainings in rotating departments within the Bank during which they were mentored by internationally-accredited trainers to enable employees to gain specialized banking skills.
NBK Academy is designed to develop the theoretical and practical skills of trainees to prepare them to the banking sector and arm them with hands-on experience, as well as familiarize them with the Bank's business structure and culture to support their career development goals.