Requirement Chartered Bank won the "Industry Disrupter Award" at the second edition of the Chief Digital Officer (CDO) Conclave, sponsored by Oracle and organised by UMS Conferences and Bloomberg Businessweek Middle East, as their media partner. The news of the win came with the occasion which occurred recently at Dusit Thani in Dubai, UAE.

In an effort to proceed driving the industry's program of digital transformation, celebrating digital interruption and granting the leaders that have actually succeeded and established a standard in this domain name, the honors acknowledged the digital achievements of organisations in the center East. The awards additionally highlighted the increasing power of the CDO, whose duty is not only useful or geographic in nature, yet is now a part of the board approach. Firms along with people received recognition for their innovative and groundbreaking use of digital devices and innovation to remain in advance of the competition.

" This industry recognition is a testament to our ongoing emphasis in developing market-leading online and mobile networks that deliver very easy, convenient banking to all our clients". Said Shehzad Hameed, Head of Retail Banking, Criterion Chartered UAE. "We have actually been buying establishing our digital banking solutions not just to transform customer experience but also to supply them with the highest degree of safety."

Standard Chartered is spending greatly in the digital room with the aspiration to build the digital retail bank of the future. To sustain this ambition, in 2015 the Bank revealed an investment of USD3 billion in innovation and systems over the coming three years, that includes financial investments in its global shared service centres in a concerted effort to change its digital capabilities.

Commenting on the acknowledgement, Ravi Raman, Vice President Bloomberg Businessweek Middle East said:" "For a bank with such heritage, being an industry disruption is a substantial success. A disruptor develops video game altering services & solutions which help it leapfrog, thats what Standard Chartered Bank has actually so efficiently done""

. In the UAE, the Bank has turned out advanced finger print technology on its mobile banking service and enhanced the online banking user interface to make sure that clients could firmly and perfectly access their checking account balances, cards and investments. The Bank has actually likewise improved its fund transfer limitations to suit the demands of its clients. Criterion Chartered is the only bank in the marketplace that supplies digital onboarding at the customer's front door throughout several products with its iPad service. Clients can also flawlessly update their profile, contact & & KYC details and upload essential documents with electronic banking or the by accessing SC Mobile; this is one more unique offering that nobody else is providing in the marketplace. Previously this year, the Bank introduced voice biometric technology for phone banking solutions for clients and will certainly introduce the video banking solution for its clients in the coming few days.

In 2016, Standard Chartered has actually been named The Worlds Best Consumer Digital Bank by Global Money for the 6th successive year, defeating competitors from 261 banks from worldwide and controlled the Global Sub-category Awards. The Bank has additionally won "The most effective Regional Customer Digital Bank for Middle East & Africa" by the same magazine for the fifth consecutive year, sweeping up honors for "The Best Global Customer Mobile Banking Application and "The most effective Global Information Security Initiatives."