SIB wins ‘Straight-Through Processing Award’

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Dubai—Sharjah Islamic Bank (SIB) has received yet another accolade to add to its list of achievements, having been recognised with a Wells Fargo Straight-Through Processing Award for “consistently demonstrating thoughtful and organised commercial payment volumes and quick and seamless transactions”.
SIB came first in the category, “Global Financial Institutions Payment Services”. The award was presented at SIB’s head office, on 6th September, and accepted by the bank’s Deputy CEO, Ahmad Saad, in the presence of: Adnan M. Khairalla, SVP – Head of Central Processing Banking Operation Division, And Suhail Abu Hajleh, EVP – Head of Banking Operations.
Wells Fargo is a renowned international provider of banking, mortgage, investing, credit card, insurance, and consumer and commercial financial services, headquartered out of San Francisco, California.
Accepting the award, Saad said, “The world of financial transactions and processing continues to become more and more complex and the challenges faced, in relation to compliance, regulation, liquidity and changing technologies, means banks have to balance quick and seamless customer service with increasing pressures on that performance.”—Agencies