Saturday, 08 May 2021

Ahli United Bank Kuwait awarded the Best ATM and Kiosks Initiative, Application or Programme in the Middle East in the Middle East and Africa Regional Awards 2020

 

Singapore, 5th November 2020— Ahli United Bank Kuwait received Best ATM and Kiosks Initiative, Application or Programme in the Middle East at The Asian Banker Middle East and Africa Regional Awards 2020.

 

Provided enhanced transaction services on the ATMs to reduce traffic to tellers in branches

Ahli United Bank Kuwait introduced enhanced ATMs which allow the offloading of additional transactions from the teller network to a self-service model. The bank aimed to reduce traffic to tellers in branches. Since tellers are over occupied with many functions, therefore, ATMs can be used for basic cash transactions of withdrawal or deposit.

 

Implemented various range of services on its ATMs which improved customer experience

The bank implemented various range of services including international transfer on its ATM machines which improved customer experience, ATM usage and business impact. It provided enhanced transaction services on the ATMs. The implementation increased satisfaction level of customers since ATMs are available 24x7; this allows customers to transact upon their convenience. And, it has also increased the bank’s revenue stream.

 

Saved cost by million through enhancing their ATMs without any hardware procurement.

As a result, there has been a substantial movement of customers from tellers to ATMs for the functions which are available on ATMs. The project has been rolled out on all of the bank’s more than 100 ATMs across 38 branches. The bank was able to save the capital expenditure by million wherein it transformed their ATMs to work like ITMs without any hardware procurement or replacements.

 

About The Asian Banker International

 

The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The Singapore-based company has offices in Singapore, Malaysia, Manila, Hong Kong, Beijing, and Dubai, as well as representatives in London, New York, and San Francisco. It has a business model that revolves around three core business lines: publications, research services and forums. The company’s website is www.theasianbanker.com

 

You may visit the Excellence in Retail Financial Services page at http://awards.asianbankerforums.com/retailfinancial/

 

For further information, you may get in touch with:

 

Mr. Mobasher Zein Kazmi

Head of Research

Tel: (+61) 452 514 145

mkazmi@theasianbanker.com

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