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Kuwait International Bank to migrate on Swift Release.7.0

Kuwait: Thursday, August 18 - 2011 @ 09:06

Mr. Abdul Raheem Al-Awadhi, the Executive Manager of Operations Department, while informing our esteemed customers with this initiative, stated that Swift network for international financial transfers represents state-of–the-art technological support and it is deemed an addition to KIB’s communication and information network. This software strengthens confidentiality of information, contributes to cost reduction, mitigates the financial and investment risks, and reinforces better customer service since the software is user-friendly and much updated.

Al Awadhi also added that through operating this software, KIB is placed first among the local banks who upgrade themselves with this new technology in fulfillment of CBK instructions. This development also assures the Bank’s compliance with the international and local applicable systems as well as its keenness to provide the internationally updated characteristics of secure financial communication and information network.

Al-Awadhi stressed that operating the new Swift version represents a remarkable advancement in the IT services provided to customers. The software is easy to use, safe and reliable in banking and financial transactions. He indicated that the project team, in cooperation with ITD at KIB, realized an achievement in the type and speed of the new efficient high quality and performance operating system.

Al-Awadhi concluded stressing the bank’s keenness to follow up the latest technology in developing and updating its technological infrastructure so as to upgrade the level of services provided to customers, further to the constant progress and development achieved by the bank being one of the most developing Islamic banks in Kuwait.

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Thursday, August 18- 2011 @ 9:06 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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