IBS Journal March 2017


13


Visa brings Everywhere Initiative to Europe


which looks to develop the next big thing in payments, into Europe. Entrants will have the opportunity to compete for a chance to win up to €50,000 to support a development programme with Visa, or through business partnership with its clients, and potentially have access to its APIs, executive mentors and technologists.


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“In a highly dynamic industry, our Everywhere Initiative allows us to explore a host of ideas that solve business


Alawwal Bank opens first IBDA branch isa is expanding its Everywhere Initiative,


challenges, influence our product roadmaps, support our customers, and shape our culture of innovation,” says Shiv Singh, senior vice president of innovation and strategic partnerships, Visa Inc. “Every time we expand this programme into a new region, we aim to attract talented entrepreneurs with fantastic ideas to the payments space, and we hope to see similar great outcomes in the European market in the months ahead.”


Scott Thompson


Hollandi, has launched a new digital branch experience named IBDA. This offers customers a “relaxed setting” in which to do their banking.


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“Over a coffee, they can browse for banking products, apply for, and instantly open an account and receive their debit or credit card before finishing their coffee,” the bank says.


IBDA branches will feature several “zones” which can be attended by users depending on their needs. Each is equipped with tablets for demonstration and account purposes. The bank held an opening ceremony in Riyadh,


lawwal Bank, previously known as Saudi


Saudi Arabia, to celebrate the opening of its first site, in the Nakheel Mall.


“Our customers’ dynamic lifestyles continuously puts pressure on the bank to adapt in order to deliver financial services that are relevant and accessible at all times,” says Soren Nikolajsen, Managing Director at Alawwal Bank. “IBDA is an exciting and innovative new way to redefine the banking experience for our customers where the latest technology and traditional banking services can coexist.”


Founded in 1926, Alawwal Bank employs around 1,500 people and operates 45 branches across Saudi Arabia. It also operates 265 ATMs in the country.


Alex Hamilton


www.ibsintelligence.com


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