Press Release — Jordan Kuwait Bank (JKB) announced today that it has been
awarded the 2021 Straight-Through-Processing (STP) Award from Bank of New York
Mellon (BNY Mellon), validating its “significant ability to process payments
promptly, securely and with minimal risk or delays”, according to a press
statement.
اضافة اعلان
The award was presented to MrIbrahim Bisha, Head of Treasury
and International Relations at JKB, during the 2022 SIBOS conference in
Amsterdam last month.
Every year, BNY Mellon recognizes banks with US-dollar
accounts covering international payment transactions for their specific
capabilities in the remittance field,
notably in straight-through processing. The STP award was given to Jordan
Kuwait Bank for achieving the highest STP rate for payments among all the
correspondent banks in BNY Mellon’s network in Jordan for 2021, demonstrating their
confidence in JKB’s ability to execute US-dollar-issued remittances with a high
degree of speed and accuracy, and with lower costs and risks.
On receiving the award, Haitham Buttikhi, JKB’s Chief
Executive Officer, commented: “This award adds to JKB’s ongoing track record
of efficiency and confirms the appreciation that international partner banks
have for JKB and the quality of services we provide to our customers in
payments”.
“JKB is confident in its ability to provide the best and
fastest remittances and payment services thanks to the global correspondent
banks’ network and the expertise our employees have in this field,” he added.
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