NEWS
KFH goes live on Ripplenet for money transfer
This affirms KFH’s strategy of adopting
digitisation, delivering superior customer
service, while demonstrating excellence in
operating RippleNet remittance services in
record time after it had announced joining
RippleNet last May.
Group Chief Operations Officer at KFH,
Abdulla Abu Alhous, said that KFH
customers can now make instant remittance
transactions to a beneficiary account at Al
Rajhi Bank utilising Ripple Net.
K
uwait Finance House (KFH), a member
of RippleNet, has started operating an
instant cross-border remittance service,
Instant International Transfer, using Ripple’s
Blockchain technology.
KFH announced this significant milestone
after completing technical preparations and
conducting a number of pilot tests and then
obtaining Central Bank of Kuwait approval.
The current zero fees remittance is available
now in Saudi Riyal SAR where customers
can make remittance transactions to
beneficiaries at Al Rajhi Bank.
This service will expand to encompass more
countries in different currencies. The service
allows KFH customers to make instant and
secure zero fees remittances through their
accounts at kfh.com.
He hailed the joint efforts and the positive
co-operation with the representatives at Al
Rajhi Bank, indicating this resonated with
expediting the transfer operations to Al
Rajhi Bank.
Al Rajhi Bank is a strategic partner and it
enjoys a prestigious status in the record of
the correspondent banks both in terms of co-
operation and continuing communication, or
the volume of mutual transfers between the
two sides.
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Industry leaders to meet at Gartner
Symposium/ITxpo
C
IOs and senior IT leaders will meet to
explore the latest trends at Gartner
Symposium/ITxpo in Dubai. The event,
which runs from March 4 to 6, offers an
intersection of visionary speakers, peers,
experts and technology providers.
The Gartner Symposium/ITxpo will be
underpinned by the latest Gartner research
findings focused on the most pressing
challenges, across topics that are the top
priorities for today’s CIOs and IT leaders.
Topics on the agenda include application
modernisation, business intelligence and
data analytics, cloud computing, cost
optimisation, customer experience, Digital
Transformation, emerging and advanced
technologies, enterprise architecture,
leadership and security and risk.
The event will see CIO story sessions where
there will be real-life, insightful stories
delivered by CIOs bringing to light many of
www.intelligentcio.com
the challenges and opportunities IT leaders
face. At the ITxpo Exhibit Showcase visitors
can discover the most innovative solutions in
one location so they can source technologies
that will help achieve enterprises’ objectives.
Saleh Hamed, CIO, Emirates Nuclear Energy
Corporation, said: “Peer networking is the
biggest takeaway you get by attending
Dubai Symposium/ITxpo; therefore
validating why you need to continue
thinking global and acting local.”
The brochure for the event, which takes
place at the Madinat Conference Hall, Mina
A’Salam Hotel, Madinat Jumeirah in Dubai,
can be viewed here. n
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