Kuwait Finance House (KFH) honored the winners of the ninth annual, Group-wide Innovation Challenge, a competition designed to motivate staff and leverage their ideas and expertise in developing innovative solutions for system and customer experience improvements. The top seven ideas were recognized after being evaluated by a specialized committee against rigorous criteria.

The ceremony was attended by a select group of KFH’s leaders, including Group CEO, Khaled Yousef AlShamlan, Deputy Group CEO Transformation, Technology and Operations, Haytham Alterkait, and other executives.

During the ceremony, Alterkait emphasized that honoring the Innovation Challenge winners celebrates the spirit of creativity and development central to KFH's success. He stressed that innovation is core to the bank's strategy and a key pillar for maintaining its leadership in Islamic banking and reshaping the future of financial services.

Alterkait congratulated the winners, praising their valuable contributions and initiative as the main drivers for continued development and innovation. He also thanked the Transformation, Technology and Operations Department and all contributors for the initiative's success.

Nine consecutive years of success

Deputy General Manager Digital Transformation and Innovation at KFH, Eng. Tareq Al-Ajeel, congratulated the Innovation Challenge winners, noting their achievements and ideas are a source of pride and inspiration for the bank.

Al-Ajeel noted that KFH successfully runs the Innovation Challenge across Group subsidiaries in Kuwait, Bahrain, Turkey, the UK, and Egypt. "This initiative reflects KFH's commitment to fostering a culture of innovation and improving performance."

He praised the competition's nine years of success in generating key innovations and new ideas, stressing that this reflects the excellence of KFH employees and their ability to support development and digital transformation.

Al-Ajeel highlighted that the competition is a platform for professional development, teamwork, and the exchange of expertise across departments.  This cooperation supports KFH's commitment to continuous development and its ability to achieve sustainable growth and excellence.

A unique workplace

The Innovation Challenge winners thanked KFH for the valuable opportunity to unleash their potential and innovative ideas. They praised the distinguished work environment for its stimulating climate that fosters creativity and innovation.

It serves to note that the Innovation Challenge competition aligns with KFH's ongoing efforts to build an innovation culture and encourages employees to submit new ideas for improving performance and customer services.