Al-Othman: Weyay Bank exceeded its customer acquisition goal by 300%

Al-Othman: Weyay Bank exceeded its customer acquisition goal by 300%

- We are prepared for the next innovative wave that will further impower the future of FinTech

- Kuwait's young demographic established a digital culture and a constant evolution in consumer requirements

- We capitalized on the tremendous acceleration in the government digital transformation efforts during the pandemic

- Weyay is the first step of a new wave of innovative banking services tailored to young people's lifestyles

- CBK's prudent approach has encouraged the rise of digital services by creating a favourable regulatory and supervisory framework

- NBK Group Digital Office captures and creates value and cultivate innovation

- Bank branches will look different in the future, as they attempt to integrate their services with digital channels to improve customers' experiences.

Mohammed Al-Othman, General Manager – Consumer Banking Group at National Bank of Kuwait said that banks in Kuwait embarked on their digital transformation journey many years ago, beginning with the fundamental steppingstones of digitalization by successfully upgrading their IT infrastructure, acquiring vast experiences, and developing their human capital, as evidenced by their effectiveness and competitiveness in providing state-of-the-art digital banking services and products. As a result, the banking industry in Kuwait has established itself as a regional leader in this field.

According to Al-Othman, open banking services