Boursa Kuwait signs MoU with college to
promote Boursa Academy Online
B
oursa Kuwait has entered into a
memorandum of understanding
(MoU) with Kuwait College of Science and
Technology (KCST) to promote Boursa
Academy Online among university students.
As part of the MoU, KCST will allow
Boursa Kuwait to conduct workshops, and
lectures on its campus to promote the
stock exchange’s digital education portal,
which aims to create greater stock market
awareness among new and professional
retail investors. The agreement stipulates
that Boursa Kuwait shall conduct on-site
tours to provide students with a first-hand
experience of stock exchange operations.
Khaled Abdulrazzaq AlKhaled, CEO of Boursa
Kuwait, said: “At Boursa Kuwait, we continue
to focus on broadening our investor base as
it is one of the four strategic objectives of our
ongoing market development plans.
“We believe that the advancement of stock
market education is the key to enhancing
investor participation in our equity market
and plays a pivotal role in creating and
sustaining a thriving capital market in Kuwait.
“Our collaboration with KCST to promote
Boursa Academy Online among the next
generation of investors is closely aligned
with this vision.”
Boursa Academy Online was established
in 2018 to educate investors on a wide
range of topics, ranging from how to trade,
common investment mistakes as well as
risks of investing to enable them to make
informed investment decisions.
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Commercial Bank of Kuwait launches virtual
banking system powered by TrueConf
T
he Commercial Bank of Kuwait has deployed TrueConf’s video
banking system to connect 68 remote bank branches with its
headquarters and enable communication between customers and
call centre agents.
The traditional bank branch as we know it, with managers and tellers
huddled in cubicles working on desktop computers, is due for change.
The rise of digital technologies marks the reinvention of traditional
banking operations and the advent of the smart branch,
which utilises technology to boost sales and improve customer
experience. This new approach transforms the way a bank branch
operates, reduces queues, lowers real-estate requirements and
alters customer interaction.
The Commercial Bank of Kuwait has started to adopt the smart-
branch model by creating a flexible and cost-effective virtual banking
system that would allow remote consultations via video kiosks and
touchscreen PCs with connected headsets.
The system utilises the TrueConf Server, a video conferencing
software server. TrueConf’s premises-based solution operates in
LAN/VPN and guarantees secure data storage and transfer, which
www.intelligentcio.com
is a strong requirement for the financial organisation that handles
sensitive personal information.
“Thanks to TrueConf, we managed to deploy a budget-friendly
video banking system that did not require complicated software,
big-ticket equipment or large-scale developer support. By
implementing TrueConf solution, we improved our quality of client
service and optimised business processes with reduced costs,” said
Bader Qamhieh, Head of the IT Department at the Commercial
Bank of Kuwait.
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