AUB wins Citibank STP award for fifth year

Kuwait Times - - BUSINESS -

Ahli United Bank (AUB) an­nounced that it has won the cov­eted Citibank Straight­Through-Pro­cess­ing (STP) award for the fifth con­sec­u­tive year. The award rec­og­nizes AUB’s ex­cel­lent qual­ity and ac­cu­racy in de­liv­er­ing com­mer­cial pay­ments and pro­cess­ing trans­ac­tions, and its con­tin­ued ef­forts and keen­ness to win this high pro­file award on an an­nual ba­sis.

AUB’s lat­est ac­co­lade demon­strates its ex­cel­lence in SWIFT au­to­mated pro­cess­ing of trans­fers and de­posits along with ap­ply­ing the lat­est ground break­ing tech­nolo­gies to drive STP-com­pli­ant ser­vices that are have been out­lined by Citibank. AUB Se­nior Gen­eral Man­ager of Op­er­a­tions & In­for­ma­tion Tech­nol­ogy, Je­had Saud Al-Hu­maidhi said, “We are proud to win Citibank’s STP award.

AUB has once again suc­ceeded in adopt­ing strict mea­sures in re­la­tion to in­ter­na­tional elec­tronic pay­ment trans­fers that fully com­ply with Citibank’s rig­or­ous cor­re­spon­dent bank­ing and pro­cess­ing ac­cu­racy cri­te­ria. This im­por­tant recog­ni­tion is a tes­ti­mony to the Bank’s op­er­a­tional ex­cel­lence and ef­fi­ciency, and one which show­cases how cru­cial STP is to AUB’s cus­tomer ser­vice op­er­a­tions.” “AUB con­tin­ues to strive to en­sure fast, ac­cu­rate and re­li­able ex­e­cu­tion of pay­ment in­struc­tions through con­tin­u­ous in­vest­ment in in­for­ma­tion tech­nol­ogy sys­tems and peo­ple,” added Hu­maidhi.

The STP award is a trib­ute to the high cal­iber and su­pe­rior ef­fi­ciency of AUB’s op­er­a­tional ca­pa­bil­i­ties. With state-of-the-art tech­nol­ogy and op­er­a­tional in­fra­struc­ture, the Bank’s team of sea­soned pro­fes­sion­als is well placed to meet the com­plete needs of in­di­vid­ual and cor­po­rate cus­tomers alike.

Ahmed Zul­ficar, Se­nior Deputy CEO - Bank­ing Sup­port Group at AUB re­ceives the award.

Newspapers in English

Newspapers from Kuwait

© PressReader. All rights reserved.