{
  "id": 11781420,
  "title": "QIIB wins Citibank’s STP award for international payments",
  "url": "https://urgent.news/2026/10/03/qiib-wins-citibanks-stp-award-for-international-payments",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-03T21:30:00.000Z",
  "source": {
    "name": "Qatar Tribune Business",
    "slug": "qatar-tribune-business",
    "url": "https://www.qatar-tribune.com/article/257338/business/qiib-wins-citibanks-stp-award-for-international-payments"
  },
  "original_language": "en",
  "account": "QIIB has once again been honored with Citibank New York's 2026 Straight Through Processing (STP) Excellence Award for their outstanding international payment processing. The award acknowledges QIIB's impressive operational capabilities and the seamless efficiency of its payment processing services, which enable transactions to be executed swiftly and reliably without manual intervention. The award ceremony was held at Citibank's headquarters, where QIIB's Chief Operating Officer Mohammed Khair Barhoumeh received the prestigious award from Citibank Head of Financial Institutions Sales for the Middle East, Seemanti Considine. The event also featured QIIB Head of Payments and International Operations, Najeeb Ahmed Nasiruddin, and senior representatives from Citibank.\n\nThis recognition highlights QIIB's commitment to further automating its operations, enhancing its payments infrastructure, and continually improving the customer experience. The award demonstrates QIIB's high levels of accuracy and speed in processing both incoming and outgoing transfers, as well as its record STP rates. Their robust systems are designed to efficiently manage the increasing volume of international financial transactions.\n\nMohammed Khair Barhoumeh expressed his gratitude, stating that the award not only recognizes QIIB's consistent operational performance but also signifies the significant progress made in advancing the efficiency of their international payment services, bringing them up to the standards of leading global financial institutions. Barhoumeh also emphasized their focus on digital systems and team capabilities, highlighting how these investments have significantly improved operational efficiency.\n\nLooking forward, Barhoumeh shared that QIIB is dedicated to continuous innovation. They are integrating the latest intelligent automation and advanced analytics technologies across their operations to ensure the banking experience remains at the forefront of global standards for speed and reliability. The partnership with Citibank serves as a strategic pillar for QIIB, providing customers with seamless access to the global payments network and supporting the company's progress towards a digital future.",
  "summary": "Tribune News Network DohaQIIB has once again received Citibank New York’s ‘2026 Straight Through Processing (STP) Excellence Award’ forinternational payments.The recognition highli...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}