Boubyan Bank Commends ProgressSoft with Excellence Award

Kuwait, March 23, 2021

Boubyan Bank commended ProgressSoft with an excellence trophy in an official appreciation ceremony recognizing ProgressSoft’s successful go-live of its Payments Hub Platform at the bank.

The ceremony, which took place at Boubyan Bank’s head offices in Kuwait, was represented by the bank’s Chief Executive Officer, Mr. Abdullah Abdulkareem Al-Tuwaijri and Chief Operations Officer, Abdullah Ahmed Al-Mehri, who awarded ProgressSoft the Boubyan Bank Center of Excellence Trophy for its impeccable efforts in the new implementation.

During the ceremony, Boubyan Bank’s CEO and COO extended gratitude to ProgressSoft’s dedication, commitment and support provided during the implementation and post go-live of the platform, in which the huge-scale implementation, which completely replaced the previous payments engine system at the bank, was impressively completed without any downtime or errors.

Today, the platform is managing all of the bank’s payments internationally through SWIFT including GPI. This is in addition to treasury, trade finance and investment transactions on the SWIFT network. It also plays a vital orchestration role for managing all types of local payments as part of the National Kuwait Payments System, in addition to GCC RTGS which will be launched in the near future.

The implementation comes as part of Boubyan Bank’s impressive digital transformation journey and objective to provide customers with fast and secure transfers over SWIFT and other payment channels and corridors according to Boubyan Bank’s Deputy Head of Banking Operations Group, Mr. Abdulaziz Al Duwailah, who also noted that “Boubyan Bank chose ProgressSoft’s Payments Hub Platform, PS-PayHub, to achieve our strategic objectives and facilitate straight-through processing and seamless routing and management of domestic high-value payments, bulk and salaries payments, instant payments, bill presentments and payments, as well as regional GCC RTGS payments among others.”

ProgressSoft extends its sincere thanks to Boubyan Bank’s top management and proficient teams for their highly appreciated recognition, and looks forward to more fruitful success stories in its long-term partnership with Boubyan Bank.