Global Finance names Bank ABC's ABC Labs as one of the world's best financial innovation labs

Ground-breaking innovations, pioneering new technologies and collaboration secure an exciting win for ABC Labs at Global Finance's prestigious Innovator Awards

Global Finance names Bank ABC's ABC Labs as one of the world's best financial innovation labs

Manama, Bahrain: ABC Labs, Bank ABC’s innovation lab, launched in November 2019, has won the Global Finance World’s Best Financial Innovation Labs award for Bahrain, as part of the magazine’s Innovator Awards for 2021. These awards honour exceptional innovation labs, banks and fintech organisations from across the globe and are viewed as one of the industry's most credible and popular references for forward-thinking institutions.

"This award is a testament to Bank ABC’s vision of innovation through technology which will improve our customer experience and bring us closer to the Bank of the future. The ABC Labs initiative brings together ‘best-in-breed’ talent from across the organisation and the industry and winning this prestigious award further cements Bank ABC's position as a leading innovator in the sector. It reaffirms that innovation lies at the heart of delivering exceptional service and products for our customers," says Mr. Sael Al Waary, Deputy Group CEO, Bank ABC.

Mr. Al Waary adds, "My heartfelt congratulations to everyone involved, this award is indeed a great achievement for both Bank ABC and Bahrain.”

ABC Labs has been recognised for its customer-focused innovations such as the industry first emotionally intelligent and award-winning AI-powered digital banking assistant ‘Fatema’ in addition to the other pioneering initiatives and strategic partnerships it has established to further the Bank’s digital business strategy, while transforming customer experience, redesigning processes and rethinking ways of working.

 "Driving innovative digital capabilities that solve customers’ pain-points and provide a more effortless banking experience is one of our key priorities," said Dr. Yousif Almas, Group Chief Innovation Officer, Bank ABC. " At ABC Labs, we are committed to designing innovative products and services for our customers and developing tools that deliver greater agility, efficiency and security, all of which keep us at the fore of our marketplace and help our customers achieve their goals." 

Bank ABC's strategic intent is to be MENA's leading international bank, and its growth is underpinned by a desire to achieve digital leadership. The Bank is committed to developing the ‘bank of the future’, driving innovation and digital banking transformation in the MENA region and at the core of this mission lies its ability to explore and create opportunities through digital and new technologies.

Bank ABC is a leading player in the region’s banking industry and provides innovative wholesale financial products and services that include corporate banking, trade finance, project and structured finance, syndications, treasury products and Islamic banking. It also provides retail banking services through its network of retail banks in Jordan, Egypt, Tunisia and Algeria and through ila bank in Bahrain.


Send us your press releases to

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases