QIIB wins Citibank 2026 STP award for international payments
QIIB has again received Citibank New York’s ‘2026 Straight Through Processing (STP) Excellence Award’ for international payments. The recognition highlights QIIB’s strong operational capabilities and ...
QIIB recently earned Citibank New York's prestigious 2026 Straight Through Processing (STP) Excellence Award for its international payments processing. This accolade underscores QIIB's robust operational capabilities and the efficiency of its international payment system, which facilitates swift and reliable transactions without manual intervention.
The award was presented at a ceremony at Citibank's headquarters, where QIIB COO Mohammed Khair Barhoumeh received the honor from Citibank's head of Financial Institutions Sales for the Middle East, Seemanti Considine. QIIB's head of Payments and International Operations, Najeeb Ahmed Nasiruddin, also attended alongside senior Citibank representatives.
The award highlights QIIB's commitment to automation, strong payments infrastructure, and enhanced customer experience. It reflects the bank's strong accuracy, speed, and record of straight-through processing (STP) rates. This high performance is backed by advanced systems capable of handling the increasing number of international financial transactions.
COO Barhoumeh noted, "Receiving this award once again in 2026 is more than a recognition. It is a clear indication of the consistency of our operational performance and the significant progress we have made in advancing the efficiency of our international payment services, bringing them fully in line with the standards of leading global financial institutions."
Barhoumeh explained that significant investments in digital systems and team capabilities have driven operational efficiency to new levels, emphasizing the bank's mission beyond payment processing—to ensure customers' funds reach their destinations worldwide promptly, securely, and transparently. Looking forward, Barhoumeh highlighted QIIB's dedication to continuous innovation, utilizing the latest intelligent automation and analytics technologies to maintain and enhance the speed and reliability of global transactions.
Barhoumeh expressed appreciation for QIIB's long-standing partnership with Citibank, which provides customers with a seamless global payments network and supports the bank's journey towards a digitally advanced future.
Written by urgent.news from Gulf Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
