Doha: Barwa Bank, a Qatar-based Shariah-compliant service provider, received a prestigious award from Standard Chartered Bank for Straight through Processing (STP) for dollar clearing in 2014.
Each year, the STP Awards are presented to a few select banks that meet very strict selection criteria and transaction monitoring mechanisms. Barwa Bank’s award was handed in recognition of its outstanding levels of automation in dollar payment platform.
The bank received the honour during a ceremony held at its headquarters in Doha recently. Keith Bradley, Group Chief Operating Officer and General Manager International, accepted the award on behalf of the bank.
They said in a statement on the occassion: “We are proud and thankful to have been recognized by such a credible International Financial institution and one of the top players in the banking industry. This award clearly demonstrates Barwa Bank’s capability to be Qatar’s most progressive Shari’ah compliant service provider. We are keen to maintain this performance by improving our payment platforms to keep facilitating our customer experience and supporting growing business needs through technology”.
The Peninsula
