*Award honors institutions that identify new paths and design new tools in finance
*Selections made on the inputs of reporters who are experts on the functions being served by the innovators
The Gulf International Bank BSC (GIB) has been named the winner in two key categories in Global Finance magazine’s “The Innovators 2021” awards.
GIB won regional recognition as “Outstanding Financial Innovator (Banks) in the Middle East, 2021” and global recognition as “Outstanding Innovator Cash Management, 2021” for the In-house Banking solution using the Virtual Account platform, which is a flagship proposition in the market.
In its ninth year, Global Finance’s unique program honors institutions that regularly identify new paths and design new tools in finance with the awards focusing on identifying exceptional innovations in categories including Cash Management, Corporate Finance, Islamic Finance, Payments and Trade Finance.
All selections were made by the editorial board of Global Finance with the input of reporters who are experts on the functions being served by these innovators.
Group CEO of GIB Abdulaziz Al-Helaissi, said digital innovation continues to ease the bank’s corporate clients’ decision-making process in optimizing their payments and cash management.
“Considering the focus on digital wallets, cashless society and real-time payments, we expect key digital corporate banking trends in 2021 to continue to be adopted and GIB will continue to excel in these services,” he said.