Latest news with #MohammedAl-Othman
Kuwait Times
14-05-2025
- Business
- Kuwait Times
Mohammed Al-Othman participates in Dubai FinTech Summit 2025
NBK official addresses a global audience of financial pioneers, investors and innovators KUWAIT: Mohammed Al-Othman, CEO, Consumer and Digital Banking at National Bank of Kuwait (NBK), took part in Dubai FinTech Summit 2025, held under the theme 'FinTech for All.' The event brought together global leaders from the financial sector, alongside investors and innovators, to examine emerging trends, pressing challenges, and transformative opportunities shaping the future of financial technology. The third edition of the Dubai FinTech Summit 2025, the region's premier event for the fintech sector, was held over two days from May 12 to 13. Organized by Dubai International Financial Centre (DIFC), the summit explored key topics including digital banking, the growing role of artificial intelligence in finance, open banking, sustainable finance, and regulatory frameworks. The summit drew the participation of leading financial institutions, fintech start-ups, investors, regulators, decision-makers, and technology providers — gathered to explore breakthrough innovations, forge strategic partnerships, and shape the future of fintech and the broader financial landscape. Al-Othman took part in a panel discussion focused on the transformation of the banking sector and the next wave of innovation, where he highlighted NBK's leadership in driving digital transformation. He emphasized the bank's role in launching a wide range of innovative services that have redefined the future of banking in Kuwait and across the region. Al-Othman highlighted NBK's pioneering role in adopting the latest technologies to deliver exceptional digital services tailored to customer aspirations — often surpassing expectations. He noted that NBK's name has become synonymous with innovation and leadership in the realm of digital banking products and services. DUBAI: Mohammed Al-Othman takes part in Dubai FinTech Summit 2025. Sharing his vision for the future and the role of AI in banking, Al-Othman emphasized: 'We adopt a proactive approach that ensures continuous innovation and responsiveness to the rapid changes in the digital landscape. As part of our forward-looking strategy, we are committed to enhancing the banking experience for our customers by leveraging the latest technologies, with a strong focus on data analytics and AI-driven solutions to deliver greater value.' Al-Othman emphasized that NBK remains firmly committed to redefining the banking experience, leveraging its advanced technological infrastructure and cutting-edge digital innovations to deliver increasingly sophisticated, customer-focused solutions. This sustained commitment not only elevates customers' journey and keeps pace with rising expectations but also cements the bank's leadership in digital banking and sets new benchmarks for the future of the financial industry. Furthermore, Al-Othman highlighted NBK's strategic approach to navigating the rapid evolution of the fintech landscape, emphasizing that the bank views these developments not as obstacles, but as valuable opportunities to strengthen its competitive edge and deliver greater value to its customers. He explained that NBK's strategic approach is rooted in a deep understanding of evolving market needs and a deliberate investment in emerging technologies that support the bank's long-term objectives. This approach is anchored in upholding the highest standards of security and reliability, while consistently striving to maintain superior levels of customer satisfaction across all services and products. Commenting on the dynamic between banks and fintech startups in Kuwait, Al-Othman stated: 'The relationship between banks and fintech companies is more complementary than competitive.' Moreover, Al-Othman emphasized the remarkable success of Weyay, Kuwait's first fully digital bank, stating: 'Since its launch in 2021, Weyay Bank has set new benchmarks in the banking industry, securing a leadership position in the digital banking sector. This achievement is attributed to the innovative products and services it offers, along with a seamless, round-the-clock banking experience that caters to a wide range of age groups, particularly the youth.' He noted that Weyay Bank stands as a prime example of the success of the bank's vision and strategic direction. Since its inception, Weyay has delivered exceptional performance, surpassing the initial plans in both customer acquisition and balance sheet growth. He emphasized that Weyay represents a quantum leap in the banking sector, leveraging cutting-edge technologies to deliver a seamless, user-friendly experience that has played a key role in expanding NBK's customer base. He further underscored that this success is rooted in a corporate culture spanning over seven decades — one that consistently aspires to excellence and accepts nothing but the best. Al-Othman also praised the pivotal role played by the regulatory initiatives led by CBK in enabling banks to adopt and implement digital initiatives more effectively, highlighting their contribution to creating a supportive ecosystem for innovation and transformation. 'Young customers increasingly seek fast and user-friendly digital banking services. That's why we continuously strive to stay ahead of technological trends, developing products that cater to the evolving needs of the rising digital generation. Most recently, we launched the 'Jeel' card — an innovative solution tailored specifically for youth aged 8 to 14. The card combines simplicity with smart digital features, empowering young users while fostering a sense of financial responsibility and literacy through a personalized banking experience and the usage of their banking mobile application,' he added. Al-Othman concluded his remarks with an eye on the future, forecasting that the upcoming regulatory developments — particularly in the areas of data analytics, AI, and cybersecurity — will be pivotal in driving the next wave of banking innovation. He emphasized that NBK is well-positioned to play a leading role in this new era, backed by its steadfast commitment to delivering secure, cutting-edge banking solutions that align with customer expectations and contribute to economic growth in Kuwait and across the region. Al-Othman was recently named MENA Retail Banker of the Year for the fourth consecutive year by MEED magazine, as part of the 2025 Banking Excellence Awards.
Kuwait Times
07-05-2025
- Business
- Kuwait Times
NBK outmatches MENA banks with 7 awards at MEED's MENA banking excellence awards
As part of its annual awards for the year 2025 KUWAIT: National Bank of Kuwait continues to record more wins in 2025 as it excels in providing the best and most innovative solutions. In this light, the bank took the lead at MEED International Magazine's MENA Banking Excellence Retail, Digital& SME Awards for the year 2025, receiving 7 prestigious awards for its efforts in providing exceptional banking services and enriching the customer banking experience with innovative solutions. The awards won by NBK during the annual ceremony organized by MEED in Dubai included Best Retail Bank and Best Bank for SMEs in Kuwait, and 5 MENA awards for Best Loan Offering, Best Contactless Payment Experience, Best Payment Solution for SMEs. In addition, Weyay Bank has been recognized as the winner of MENA Most Innovative Product/Service award for Weyay Jeel's groundbreaking approach to digital banking for children, and finally, Mohammed Al-Othman, CEO of Consumer and Digital Banking Group at NBK, has been named MENA Retail Banker of the Year for the fourth consecutive year. These awards are a testament to NBK's leadership locally and regionally and its pioneering innovative digital achievements and catering to customers' banking needs by introducing top-notch banking services and advanced payment solutions, making the name 'NBK' associated with everything new in digital banking products and services in Kuwait and across the MENA region. Small and Medium Enterprises (SMEs) Winning the awards for Best MENA Payment Solutions for SMEs and Best Bankin Kuwait for SMEs reflects the remarkable efforts of NBK in supporting Small and Medium Enterprises, and its local and regional leadership in providing banking services and products as well as diverse payment solutions that are quick, flexible and support the development and needs of its SMEs clients. Al-Othman MENA Retail Banker of the Year Naming Al-Othman as MENA Retail Banker of the Year for the fourth consecutive year reaffirms his pivotal role, and his remarkable leadership of the Consumer and Digital Banking Group team in attaining these achievements and providing a comprehensive digital banking experience that not only meets customers' needs but exceeds their expectations. This award also recognizes Al-Othman's dedication to setting ambitious goals and implementing innovative strategies that have not only had a significant impact on NBK customers, but also on the Kuwaiti and regional banking landscape, rendering him a role model for banking leaders who are driving regional progress and innovation in the industry. NBK holds a record filled with achievements and global awards that emphasize its excellence in digital transformation and echo its commitment to being innovative and providing exceptional customer service, in addition to its commitment to making long-term relationships with customers. Founded in 1957, MEED is a leading magazine focused on economic and business news and intelligence related to the Middle East. In partnership with leading financial services publications Retail Banker International and Private Banker International, both issued by GlobalData, MEED introduces MENA Banking Excellence Awards to celebrate the best-in-class banking and financial services institutions and individuals for their innovative offering and commitment to customer excellence. Weyay Bank wins 'Most Innovative Product' Award for Jeel, Banking App and Card Weyay Bank, Kuwait's pioneering fully digital bank, continues its streak of excellence and leadership in the digital banking sector, announcing its latest award; the 'Most Innovative Product' award at the MEED Banking Excellence Awards in the Middle East and North Africa 2025. This prestigious recognition celebrates 'Jeel', the Weyay's banking card and application specifically designed for the 8-14 year age group. This achievement underscores the bank's ongoing commitment to digital innovation, building upon its previous success in being named 'Best Digital Bank in Kuwait' by MEED in 2024. Acknowledging Weyay Bank's role in setting new benchmarks within the banking industry, the 'Most Innovative Product' award for 'Jeel' highlights the digital advancements the bank champions to elevate customer experience and deliver inventive solutions catering to all age segments. This accolade also reflects WeyayBank's steadfast dedication to leading the digital transformation within the Kuwaiti banking sector and meeting the evolving needs of the rising digital generation. Since its inception in 2021, Weyay Bank has rapidly established itself as a frontrunner in digital banking innovation, setting new standards for a seamless and round-the-clock banking experience, free from traditional processes and tailored to customer aspirations. The 'Jeel' app, meticulously crafted to empower young individuals, foster their financial independence, and cultivate financial literacy from an early age. By integrating a simplified user interface designed for 'Jeel' customers with comprehensive parental control tools accessible through the parent's Weyay application, 'Jeel' establishes new benchmarks for personalized banking services tailored to this demographic's specific needs. The 'Jeel' card embodies simplicity and ease of use across all its digital services and features, contributing to building a sense of responsibility and financial awareness from a young age through a personalized bank card and dedicated application, also enabling the use of e-wallets like Apple Pay. This new recognition reflects Weyay Bank's continuous commitment to providing a comprehensive digital banking experience centered around users from all segments of society, empowering them to manage their finances with ease. Weyay Bank will continue its unwavering dedication to fostering innovation and delivering the highest levels of excellence in digital banking services. MEED, a highly respected global publication established in 1957 specializing in the analysis of economic activities in the Middle East, underscores Weyay's leading position in digital banking innovation and reinforces its valuable contributions to the development of the banking sector in Kuwait. Amidst the rapid evolution of financial services, Weyay Bank remains dedicated to its mission of redefining the concept of banking in the digital age and empowering the community to achieve growth and success in an increasingly digital world.
Kuwait Times
03-05-2025
- Business
- Kuwait Times
NBK receives 7 prestigious awards within MEED's MENA Banking Excellence Awards
NBK receives 7 prestigious awards within MEED's MENA Banking Excellence Awards Ceremony in Dubai as part of MEED'S annual awards for 2025 KUWAIT: The National Bank of Kuwait received seven prestigious awards from MEED International Magazine, within the MENA Banking Excellence Awards for the year 2025, for its efforts in providing exceptional banking services and enriching the customer banking experience with innovative solutions. The awards won by NBK during the annual ceremony organized by MEED in Dubai included Best Retail Bank and Best Bank for SMEs in Kuwait, and five MENA awards for Best Loan Offering, Best Contactless Payment Experience, Best Payment Solution for SMEs. In addition, Weyay Bank has been recognized as the winner of MENA Most Innovative Product/Service award for Weyay Jeel's groundbreaking approach to digital banking for children, and finally, Mohammed Al-Othman, CEO of Consumer and Digital Banking Group at NBK, has been named MENA Retail Banker of the Year for the fourth consecutive year. These awards are a testament to NBK's leadership locally and regionally and its pioneering innovative digital achievements and catering to customers' banking needs by introducing top-notch banking services and advanced payment solutions, making the name 'NBK' associated with everything new in digital banking products and services in Kuwait and across the MENA region. Nasser Al-Duwaisan receives the Weyay Bank award in the presence of Ali Khalil and Dimitri Katkin. Hisham Al-Nusf, Hamoud Al-Nasrallah and Bader Al-Ansari (center) during the ceremony. Small and Medium Enterprises Winning the awards for Best MENA Payment Solutions for SMEs and Best Bank in Kuwait for SMEs reflects the remarkable efforts of NBK in supporting Small and Medium Enterprises, and its local and regional leadership in providing banking services and products as well as diverse payment solutions that are quick, flexible and support the development and needs of its SMEs clients. Al-Othman MENA Retail Banker of the Year Naming Al-Othman as MENA Retail Banker of the Year for the fourth consecutive year reaffirms his pivotal role, and his remarkable leadership of the Consumer and Digital Banking Group team in attaining these achievements and providing a comprehensive digital banking experience that not only meets customers' needs but exceeds their expectations. This award also recognizes Al-Othman's dedication to setting ambitious goals and implementing innovative strategies that have not only had a significant impact on NBK customers, but also on the Kuwaiti and regional banking landscape, rendering him a role model for banking leaders who are driving regional progress and innovation in the industry. NBK holds a record filled with achievements and global awards that emphasize its excellence in digital transformation and echo its commitment to being innovative and providing exceptional customer service, in addition to its commitment to making long-term relationships with customers. Founded in 1957, MEED is a leading magazine focused on economic and business news and intelligence related to the Middle East. In partnership with leading financial services publications Retail Banker International and Private Banker International, both issued by GlobalData, MEED introduces MENA Banking Excellence Awards to celebrate the best-in-class banking and financial services institutions and individuals for their innovative offering and commitment to customer excellence. Weyay Bank Wins 'Most Innovative Product' Award for Jeel, Banking App and Card Weyay Bank, Kuwait's pioneering fully digital bank, continues its streak of excellence and leadership in the digital banking sector, announcing its latest award; the 'Most Innovative Product' award at the MEED Banking Excellence Awards in the Middle East and North Africa 2025. This prestigious recognition celebrates 'Jeel', the Weyay's banking card and application specifically designed for the 8-14 year age group. This achievement underscores the bank's ongoing commitment to digital innovation, building upon its previous success in being named 'Best Digital Bank in Kuwait' by MEED in 2024. Acknowledging Weyay Bank's role in setting new benchmarks within the banking industry, the 'Most Innovative Product' award for 'Jeel' highlights the digital advancements the bank champions to elevate customer experience and deliver inventive solutions catering to all age segments. This accolade also reflects Weyay Bank's steadfast dedication to leading the digital transformation within the Kuwaiti banking sector and meeting the evolving needs of the rising digital generation. Since its inception in 2021, Weyay Bank has rapidly established itself as a frontrunner in digital banking innovation, setting new standards for a seamless and round-the-clock banking experience, free from traditional processes and tailored to customer aspirations. The 'Jeel' app, meticulously crafted to empower young individuals, foster their financial independence, and cultivate financial literacy from an early age. By integrating a simplified user interface designed for 'Jeel' customers with comprehensive parental control tools accessible through the parent's Weyay application, 'Jeel' establishes new benchmarks for personalized banking services tailored to this demographics' specific needs. The 'Jeel' card embodies simplicity and ease of use across all its digital services and features, contributing to building a sense of responsibility and financial awareness from a young age through a personalized bank card and dedicated application, also enabling the use of e-wallets like Apple Pay. This new recognition reflects Weyay Bank's continuous commitment to providing a comprehensive digital banking experience centered around users from all segments of society, empowering them to manage their finances with ease. Weyay Bank will continue its unwavering dedication to fostering innovation and delivering the highest levels of excellence in digital banking services. MEED, a highly respected global publication established in 1957 specializing in the analysis of economic activities in the Middle East, underscores Weyay's leading position in digital banking innovation and reinforces its valuable contributions to the development of the banking sector in Kuwait. Amidst the rapid evolution of financial services, Weyay Bank remains dedicated to its mission of redefining the concept of banking in the digital age and empowering the community to achieve growth and success in an increasingly digital world.
Zawya
09-04-2025
- Business
- Zawya
Weyay Bank sponsors the fourth edition of Derasti exhibition
Under the patronage and presence of the Minister of Education, Sayyid Jalal Al-Tabtabei, and with the attendance of Mohammed Al-Othman, Chief Executive Officer of Personal and Digital Banking at National Bank of Kuwait, and Head of Weyay Bank, Amal Al-Duwaisan, Weyay Bank, Kuwait's leading digital bank, announces its active and distinguished participation in the fourth edition of the "Derasti" Exhibition. The event, which commenced on Monday and continues until April 10th, is taking place at the Mishref International Fairground, Hall 8, with the participation of over 120 local and international universities, as well as various entities from the public and private sectors. The exhibition is considered the most prominent educational event in Kuwait, with its activities holding paramount importance for high school students. It serves as a central meeting point that allows them to explore a wide range of educational opportunities available after completing their secondary education. During his opening address, the Minister Sayyid Jalal Al-Tabtabai emphasized the significance of community partnership and continuous collaboration between the public and private sectors through this exhibition, which contributes to enhancing students' awareness and assisting them in choosing specializations that align with their future aspirations, in line with the "New Kuwait 2035" vision. The exhibition provides students with a unique platform for direct interaction with representatives from local and international higher education institutions. This allows them to learn about diverse academic programs, admission requirements, available scholarships, and all matters related to their academic and professional future. Weyay Bank's participation in this important event stems from its firm belief in the vital role it plays in supporting and empowering Kuwaiti youth in their educational journey towards building a bright future. Weyay Bank's active participation in the "Derasti" Exhibition underscores its deep commitment to supporting the education sector and empowering students in the State of Kuwait. Weyay Bank believes that investing in the education of youth is an investment in the nation's future. It strives to be an active partner in providing them with the necessary tools, knowledge, and opportunities to realize their full potential and contribute effectively to building a more prosperous and advanced future for Kuwaiti society. The bank views young people as the leaders of tomorrow and agents of change, and it takes pride in its role in supporting their educational journey and enabling them to achieve their dreams and aspirations. Regarding banking products and services, Weyay Bank is highlighting the digital banking experience it offers, which helps students seamlessly open their bank accounts within minutes without the need to visit a bank branch. In addition to the ease of account opening, Weyay Bank places great importance on simplifying the money transfer process, as the application allows students to make instant and secure financial transfers to any other account inside or outside Kuwait in just a few steps. Most importantly, student allowances can be transferred digitally to their Weyay accounts, and they can obtain the digital prepaid SELECT card, which specifically targets allowance customers and features a range of exclusive benefits tailored to the lifestyle and daily needs of university students. These benefits include cashback offers on their purchases and special discounts at a wide network of stores, restaurants, cafes, and services favored by young people. Through its interactive booth at the exhibition, Weyay Bank is keen to provide a rich and beneficial experience for visiting students. The booth features a number of activities that cater to their passion for their fields of study and encourage them to keep pace with digital transformation and pursue specializations that are currently in demand in the market. Weyay Bank aims through these activities to create an interactive environment that combines benefit and entertainment, transforming the process of exploring the future of education into an enjoyable and unforgettable experience. Full information about Weyay Bank and its range of digital banking services and solutions is available on the Bank's website or through the Weyay application, available on the Apple App Store and Google Play Store.
Arab Times
09-04-2025
- Business
- Arab Times
Weyay Bank Sponsors the Fourth Edition of 'Derasti' Exhibition, Empowering Students Financially Through Digital Solutions
KUWAIT CITY, Apr 8: Under the patronage and presence of the Minister of Education, Sayyid Jalal Al-Tabtabei, and with the attendance of Mohammed Al-Othman, Chief Executive Officer of Personal and Digital Banking at National Bank of Kuwait, and Head of Weyay Bank, Amal Al-Duwaisan, Weyay Bank, Kuwait's leading digital bank, announces its active and distinguished participation in the fourth edition of the "Derasti" Exhibition. The event, which commenced on Monday and continues until April 10th, is taking place at the Mishref International Fairground, Hall 8, with the participation of over 120 local and international universities, as well as various entities from the public and private sectors. The exhibition is considered the most prominent educational event in Kuwait, with its activities holding paramount importance for high school students. It serves as a central meeting point that allows them to explore a wide range of educational opportunities available after completing their secondary education. During his opening address, the Minister Sayyid Jalal Al-Tabtabai emphasized the significance of community partnership and continuous collaboration between the public and private sectors through this exhibition, which contributes to enhancing students' awareness and assisting them in choosing specializations that align with their future aspirations, in line with the "New Kuwait 2035" vision. The exhibition provides students with a unique platform for direct interaction with representatives from local and international higher education institutions. This allows them to learn about diverse academic programs, admission requirements, available scholarships, and all matters related to their academic and professional future. Weyay Bank's participation in this important event stems from its firm belief in the vital role it plays in supporting and empowering Kuwaiti youth in their educational journey towards building a bright future. Weyay Bank's active participation in the "Derasti" Exhibition underscores its deep commitment to supporting the education sector and empowering students in the State of Kuwait. Weyay Bank believes that investing in the education of youth is an investment in the nation's future. It strives to be an active partner in providing them with the necessary tools, knowledge, and opportunities to realize their full potential and contribute effectively to building a more prosperous and advanced future for Kuwaiti society. The bank views young people as the leaders of tomorrow and agents of change, and it takes pride in its role in supporting their educational journey and enabling them to achieve their dreams and aspirations. Regarding banking products and services, Weyay Bank is highlighting the digital banking experience it offers, which helps students seamlessly open their bank accounts within minutes without the need to visit a bank branch. In addition to the ease of account opening, Weyay Bank places great importance on simplifying the money transfer process, as the application allows students to make instant and secure financial transfers to any other account inside or outside Kuwait in just a few steps. Most importantly, student allowances can be transferred digitally to their Weyay accounts, and they can obtain the digital prepaid SELECT card, which specifically targets allowance customers and features a range of exclusive benefits tailored to the lifestyle and daily needs of university students. These benefits include cashback offers on their purchases and special discounts at a wide network of stores, restaurants, cafes, and services favored by young people. Through its interactive booth at the exhibition, Weyay Bank is keen to provide a rich and beneficial experience for visiting students. The booth features a number of activities that cater to their passion for their fields of study and encourage them to keep pace with digital transformation and pursue specializations that are currently in demand in the market. Weyay Bank aims through these activities to create an interactive environment that combines benefit and entertainment, transforming the process of exploring the future of education into an enjoyable and unforgettable experience.
