Kuwait’s CBK taps Network International for Digital Banking

Aimed at fortifying its digital transformation and payment innovation endeavours, the Commercial Bank of Kuwait (Al-Tijari) has forged a partnership with Network International (Network), marking a significant milestone in the bank’s journey towards digital excellence.

Sheikh Ahmad Duaij Al-Sabah, Chairman of the Commercial Bank of Kuwait, underscored the institution’s commitment to maintaining its position among international banking standards while enhancing customer-centric services. He emphasised that the collaboration with Network International not only strengthens the bank’s leadership in the industry but also demonstrates its unwavering dedication to meeting the evolving needs of its valued customers.

The partnership between Al-Tijari and Network International is poised to revolutionise Kuwait’s banking landscape by leveraging Network’s cutting-edge technology and expertise in end-to-end issuer processing capabilities. This includes robust fraud detection and prevention mechanisms, advanced authentication features, tokenisation, cardholder self-serve applications, and instant issuance services. By integrating these innovative solutions, Al-Tijari aims to provide its customers with progressive and seamless digital experiences.

Nandan Mer, Group Chief Executive Officer of Network International, expressed his enthusiasm for collaborating with Al-Tijari, a respected leader in Kuwait’s banking sector. He highlighted Network’s commitment to delivering innovative digital payment solutions tailored to the needs of Al-Tijari’s expanding customer base. Mer emphasised Network International’s track record as a preferred partner for diverse financial institutions in the Middle East and Africa (MEA) region, underscoring the company’s readiness to contribute its expertise to this dynamic partnership.

Mer further noted the unprecedented digital payment adoption underway in the Kuwaiti market, emphasising Network International’s dedication to supporting this growth trajectory. The partnership with Al-Tijari underscores Network’s role in advancing Kuwait’s digital banking sector and reflects both institutions’ shared vision of providing innovative financial services that cater to the evolving needs of customers in the region.

The collaboration between Commercial Bank of Kuwait and Network International represents a significant stride towards enhancing digital banking experiences in Kuwait. By capitalising on Network International’s local and regional expertise in digital payments and financial inclusion, Al-Tijari aims to cement its position as a frontrunner in the realm of digital banking while reaffirming its commitment to delivering unparalleled services to its customers.