The National Bank of Kuwait has sponsored the second annual ECOH Conference which held discussions about Blockchain technology and focused on the significance of this emerging technology and its growing use in business sectors.
Organised by East Chain Co, the conference hosted professionals and entrepreneurs from around the world. Discussions explored the opportunities and possibilities that are presented by the technology and aimed to educate participants about its latest advancements and challenges.
The Business Banking Unit at NBK extended an invitation to its customers to take part in the panel discussions.
The Business Banking team was present at the Conference to respond to customers’ queries as part of the bank’s commitment to supporting Kuwaiti entrepreneurs.
The ECOH Conference also shed light on the Blockchain technology’s ecosystem and how it supports and reimagines financial services.
The discussions also tapped into the regulatory framework that is required to help companies prepare to take advantage of the technology.
Mohammed Akram Hashim, Head of Segments, Consumer Banking Group, National Bank of Kuwait, said: “We are delighted to be the sponsor of the second ‘ECOH’ Conference, supporting its goals of raising awareness about Blockchain technology and how it complements various business sectors.
“NBK was the first bank in Kuwait to launch the cross-border remittance service using the Ripple solution on the Blockchain technology.”
Hashim added: “Launching NBK Direct Remit Service using RippleNet was a significant achievement as it enabled our customers to make money transfers within seconds, easily and at their convenience anytime of the day. It comes as part of our commitment to respond to the needs of our customers wherever they are around the world.”
Hashim affirmed that NBK ensures its services adopt the latest technological advancements made in the banking sector to provide its customers with convenient and fast services that increase their trust and maintain the highest levels of security and safety.
NBK is committed to supporting conferences, events and knowledge sharing sessions that contribute to increasing awareness about new innovations in the banking sector, thus providing customers access to a superior banking experience.