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April 3, 2021updated 06 Apr 2021 4:48am

Qatar First Bank launches mobile banking app on Microsoft’s Azure cloud

By Douglas Blakey

Qatar First Bank is launching its mobile banking application, the first banking app in Qatar hosted in Microsoft’s Azure cloud.

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The bank says the QFB Mobile App enables customers to manage all of their investment and financial needs.

Ayman Zaidan, Deputy CEO, CIO, says: “We are happy to announce the official launch of our first mobile banking application. It is in line with our ongoing efforts to digitise our services. And it offers all our clients the fastest and best channels to fulfil their investment needs at all times.

The launch of the QFB Mobile App is indeed a milestone. It is a testament to our commitment in implementing our digital transformation strategy. And it cements our position as a leading Shari’ah compliant investment bank in Qatar.”

QFB clients will have access to their Investment portfolio, details, and balances. In addition, they can view all their transactions and profit earning history. The application also allows users to access their live and closed assets holdings, assets allocations and earnings key performance indicators related to their investments.

QFB clients can also submit all their outward transactions and general requests to the bank via the QFB Mobile App. In addition, the app also allows QFB clients to get instant updates on the status of their investment dividends distribution, personalised offers and generate accounts and investments statements.

Microsoft powering QFB digitisation with Advancya

Lana Khalaf, Country Manager, Microsoft Qatar, says: “Qatar is undergoing a major transformation across industries by harnessing technology to deliver smart experiences to citizens and residents in the state.

Microsoft Qatar is empowering QFB in its digital transformation journey in collaboration with its partner Advancya.

Established in 2008 as Qatar First Investment Bank, the bank focused initially on equity and real estate. The bank then expanded its offering to private banking and wealth management.

In 2013, the bank changed its name from QFIB to QFB.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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