Bank ABC won two prestigious awards within the Global Finance Magazine’s Innovators Awards for the year 2023. ABC Labs, the bank’s innovation and digitization hub, was selected as one of the “Best Financial Innovation Labs in the World”, in recognition of the efforts of the leading financial innovation labs in driving change. The digital root within the global banking industry.
ABC Laboratories has been lauded for launching many innovative initiatives with a visionary vision and flexible innovative approach, which in turn led to a paradigm shift in the region and beyond.
Global Finance stated that the ABC laboratories were launched in 2019, led by the group’s innovation unit, and are equipped with the latest digital tools in the banking industry. With a global presence, the ABC Labs team collaborates closely with customers, regulators, technology service providers, financial institutions and fintech to drive growth and transformation of the industry and the broader economy.
The magazine indicated that the “Best Innovations in Finance” award won by Bank ABC is evidence of the excellence of its digital transformation program, which provides unrivaled banking services that are specially designed for its corporate and individual customers, and
The bank’s continuous journey in digital transformation aims to build a sustainable “bank of the future” that is supported digitally.
Global Finance added that the bank’s journey is based on a flexible digital innovation strategy based on the cloud first. This initiative was designed for several years, with the aim of driving more operational efficiencies, bypassing outdated models and systems, and enabling the bank to achieve digital leadership by providing developed banking solutions to its clients.