INTELLIGENT VERTICAL: BANKING
E-PAYMENTS TO BE
REGULATED BY KUWAIT
CENTRAL BANK
T
he Central Bank of Kuwait (CBK)
has instructed all service providers,
companies and institutions to register
for its electronic payment system. In an
official statement posted on its website, the
CBK said all service providers will be required
to regulate their e-payment transactions
in line with established regulations. The
statement added that all e-payment
methods are subject to the scrutiny of the
CBK. It quotes the bank’s governor, Dr
Mohammad Al-Hashel, saying that the new
instructions are part of plans to drive forward
the local banking sector. Al-Hashel added
that a team of experts has been assembled
to look into the most cutting-edge financial
services and products to help the sector
grow. He highlighted the widespread use of
e-payment methods in Kuwait and assured
clients of effective security despite the
alarming rise in global banking fraud. n
GULF BANK LAUNCHES NEW
BRANCH MANAGER SCHEME AT
TECHNOLOGY UNIVERSITY
G
ulf Bank has launched its Branch
Manager Program at the PACE
centre, part of the Gulf University
for Science and Technology (GUST) in
Kuwait. The tailored programme aims
to enhance Gulf Bank’s retail banking
branch managers’ holistic banking skills
by expanding their knowledge of the
wider banking landscape to better serve
the bank’s customers. It will further infuse
innovative thinking by exposing branch
managers to the latest international retail
banking best practices.
The programme is set to empower branch
managers to navigate the ever-complex
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banking environment by enhancing their
coaching skills and abilities to help motivate
and develop their team’s capabilities.
Another feature of the programme is to
Gulf Bank launches the Branch Manager
Program at the PACE centre in Kuwait
train branch managers to identify business
growth opportunities and ensure that
across the entire banking network the
customer experience delivered to clients is
unified at all customer contact points.
Salma Al-Hajjaj, General Manager Human
Resources, said: “The core of our learning
and development strategy is to empower
our staff to acquire the most up-to-date
knowledge, along with the skills needed
to deliver on our commitment to our
esteemed clients. Training our people on
the latest retail banking knowledge and
best practices is of the utmost importance
to us at Gulf Bank.” n
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