These awards recognize Mashreq's wide-ranging achievements in the digital banking space
Dubai, UAE, 2 January, 2018: Mashreq Bank, the UAE's leading financial institution was presented with nine awards at the Digital Bank Conference and Awards dinner hosted by Global Finance magazine in London, England.
The dinner hosted at the RSA House in London saw Mashreq win awards for:
- Best Consumer Mobile Banking Global
- Best in Mobile Banking Middle East
- Best Mobile Banking App Middle East
- Best Consumer Digital Bank Middle East
- Best Consumer Digital Bank UAE
- Most Innovative Consumer Digital Bank Middle East
- Product Innovation – Cardless Cash Withdrawal using Internet Banking
- Best Bill Payment & Presentment Middle East; and
- Best Corporate / Institutional Digital Bank Qatar.
Commenting on this achievement, Subroto Som, Head of Retail Banking Group at Mashreq said, “We have witnessed a substantial shift among consumers from traditional channels to digital banking and therefore, prioritised the implementation of a strong digital strategy over the past few years. We have invested heavily in the right people, processes and technology to bring our customers a host of digital offerings and innovations to digitize their banking experience.”
Receiving an unprecedented nine awards in the digital banking space represents a milestone for Mashreq and reflects the wider success the Bank has enjoyed in pioneering fintech innovation in the Middle East. These awards are the most important testimony of the bank's successful digital journey in a region that is constantly looking to the future.
Som added: “The awards recognise our continual effort to bring world-class digital services to our customers. Mashreq is committed to revolutionise consumer and corporate banking.
Mashreq has a proud history of demonstrating its innovative, pioneering spirit. Over the past 40 years, we have been consistently ahead of the competition in the development of new products and services, whether in foreign trade services, digital banking or unique product propositions.”
Aref Al-Ramli, Head of Digital Banking and Innovation, said: “Being the oldest privately-held financial institution in the region, we have had the privilege of witnessing how our customers and their banking needs changed over the last 50 years. As we delve into the digital age, Mashreq Bank has recognized the importance of providing customers with full-fledged access across all digital platforms. As a result, we have developed some of the most innovative digital banking solutions on the market. The awards reflect our determination to continue setting the standard in digital banking excellence.”
Global Finance, founded in 1987, has a circulation of 50,050 readers across 191 countries and is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services with its awards becoming a trusted standard of excellence for the global financial community.