QIB wins Global Finance top awards on AI for Qatar, Middle East

Qatar Islamic Bank (QIB) has been honored with two top awards at Global Finance’s AI in Finance Awards 2026 for its advancements in artificial intelligence in the finance sector. The bank received the 'Best Corporate Bank for AI in Finance in Qatar' and 'Best AI in Payments in Qatar & the Middle East' accolades. These recognitions underscore QIB's commitment to utilizing AI to elevate its corporate banking and merchant acquiring services, streamline operations, and deliver increased value to its customers.

The bank's Merchant Analytics solution, designed to bolster its merchant acquiring services, was a key factor in these accolades. This solution leverages advanced data analytics to provide QIB's teams with a deeper understanding of merchant performance and market trends, enabling more informed and efficient decision-making. By enhancing its analytics and reporting capabilities, the solution assists in identifying business prospects, strengthening relationships with merchants, and advancing the development of QIB’s merchant acquiring offerings.

QIB's Merchant Analytics solution also plays a significant role in supporting the bank's mission to provide enhanced value to its merchant partners. It offers valuable business insights that aid merchants in comprehending their performance and recognizing opportunities for growth, reinforcing QIB's position as a trusted banking partner.

Constantinos Constantinides, QIB’s Chief Strategy and Digital Officer, expressed satisfaction with the awards, stating that they reflect the bank’s ongoing dedication to applying AI in practical ways to enhance its banking and payment capabilities. The solution exemplifies how AI and data can transform intricate payment data into actionable insights, empowering QIB’s teams to better understand merchant needs, identify opportunities, and make more informed decisions.

As QIB continues to advance its digital strategy, it remains committed to developing secure and scalable AI capabilities that optimize efficiency and provide greater value to its customers. Global Finance’s AI in Finance Awards acknowledge financial institutions that demonstrate innovative, impactful, and responsible applications of artificial intelligence across the financial services industry.