QIB wins Global Finance top awards on AI for Qatar, Middle East

10/09/2026 04:05 AST

Qatar Islamic Bank (QIB) has received prestigious recognitions at Global Finance's AI in Finance Awards 2026, including 'Best Corporate Bank for AI in Finance in Qatar' and 'Best AI in Payments in Qatar & the Middle East'.

The recognitions highlight QIB's continued leadership in leveraging artificial intelligence to enhance its corporate banking and merchant acquiring services, improve operational efficiency, and create greater value for its merchant clients.

The awards recognise QIB's Merchant Analytics solution, developed to enhance the bank's merchant acquiring capabilities through advanced data analytics. The solution provides QIB's teams with improved visibility into merchant performance and business trends, supporting more informed and efficient decision-making.

Through enhanced analytics and reporting capabilities, the solution helps identify business opportunities, strengthen merchant engagement, and support the continued development of QIB's merchant acquiring proposition.

The solution also supports QIB's efforts to deliver greater value to its merchant partners by providing relevant business insights that can help them better understand performance and identify opportunities for growth, further reinforcing QIB's role as a trusted banking partner.

Constantinos Constantinides, QIB Chief Strategy and Digital officer, said: "We are pleased to receive these awards from Global Finance, which reflect QIB's continued focus on applying artificial intelligence in practical ways that enhance our banking and payments capabilities.

"Our Merchant Analytics solution demonstrates how AI and data can turn complex payments information into actionable insights, helping our teams better understand merchant needs, identify opportunities, and support more informed decision-making. As we continue to advance our digital strategy, we remain focused on developing secure and scalable AI capabilities that enhance efficiency and create greater value for our customers."

Global Finance's AI in Finance Awards recognise financial institutions demonstrating innovative, impactful and responsible applications of artificial intelligence across the financial services industry.

Gulf Times