• Jamal al-Jamal: QIIB to stimulate banking technology investment

Citibank New York granted Citi Straight Through Processing (STP) award 2019 for foreign payments to QIIB, in recognition of its professionalism and exceptional performance in foreign payments.

QIIB deputy CEO Mr. Jamal Abdullah al-Jamal received the award from Mr. Amir Khan, Citi Bank Qatar CEO at a ceremony held at the Bank headquarters in the presence of Mr. Sayyed Mohamed Kheir Barhuma, head of Operations, Mr. Sayed Assem Mahmoud, head of central operations, and Mr. Najib Ahmed Nasreddine, head of international operations.

On behalf of Citibank the event was attended by Mr. Mehsen al-Mahdi – head of Citibank banking correspondence, Mr. Salman Hashimi, AVP correspondent banking group officer, and Mr. Manish Seebal, customer service officer.

Citibank granted the award to QIIB on the basis of its exceptional performance achieved in terms of foreign payments and ability to meet the best international industry standards.

On the occasion of Citibank award, Mr. Jamal al-Jamal stated, “We are delighted to receive the STP excellence award for foreign payments again from Citibank New York. This confirms that QIIB’s viability and leadership are consolidated in different banking sectors, namely technology. We have channelled our investments into high level banking technology, and no doubt foreign operations are pillars in our activity that we conduct under the highest global standards”.

“Foreign payment operations are crucial for banks, in addition to technology and professional cadres able to handle foreign payment operations that require direct transfer of funds without any human interference. In fact, this has to be done in a way that guarantees their access to targeted beneficiaries timely and reliably and without any error or delay”, he added.

Al Jamal highlighted QIIB’s close relationship and partnership with the Citibank, a partnership that benefits our clients and facilitates foreign payment services according to the best global banking standards”.

Mr. Amir Khan, Citibank Qatar CEO also expressed his “satisfaction” at QIIB receiving the award once again this year. In fact, foreign payments through QIIB are increasing in terms of quality and professionalism, especially with support of competent staff and the quality technology used”.

Mr. Khan affirmed that “the business relationship between Citibank and QIIB will continue and strengthen in future. All the necessary ingredients for such a strong relationship are there and we hope that this will reflect positively on both parties”.