Double honor for Alawwal Bank

This year’s ceremony was hosted at the Ritz Carlton, DIFC, Dubai.
Updated 28 May 2018
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Double honor for Alawwal Bank

Alawwal Bank has been declared the “Best Private Bank in KSA” and “Most Innovative Bank in KSA” at this year’s Banker Middle East Awards. The awards, hosted on May 3 in Dubai, are one of the most coveted among the region’s leading financial institutions.
Commenting on the accolades, Soren Nikolajsen, managing director of Alawwal Bank, said: “As the Kingdom’s longest serving bank, it makes me extremely proud that we are still recognized as leaders in this hugely competitive market. We have a long tradition of pushing the boundaries of banking in the Kingdom that we work very hard to maintain.”
The selection as the “Most Innovative Bank in KSA” marks another step in Alawwal Bank’s 92-year history of leading positive change in the Kingdom’s financial services industry.
The bank has invested heavily in developing a market-leading range of digital banking services in recent years. Over the past 12 months, the bank witnessed a 50 percent increase in both online and mobile transactions.
The bank was first in the Kingdom to launch transactions on Apple Watch, as well as a celebrated digital branch that doubles as a café in one of Riyadh’s busiest shopping malls.
Alawwal also picked up the “Best Private Bank in KSA,” a category awarded to the organization that has excelled in servicing the complex needs of wealthy individuals.
The bank has a long history of serving high net worth individuals, and recently revamped its private banking centers enhancing the overall experience offered to customers.
This year’s ceremony was hosted at the Ritz Carlton, DIFC, Dubai and featured over 70 nominees from across the Middle East. The awards, now in their 7th year, recognize distinction across a range of financial services including retail, corporate, investment, private banking, asset management, fund management, finance companies and consultancy practices.


Alef Education launches first project in US

From right, Geoffrey Alphonso, CEO of Alef Education; Geoffrey Canada, president of the Harlem Children’s Zone and chairman of NexGen Education; and Hanut Singh, CEO of NexGen Education and CEO of QBS Learning.
Updated 17 October 2018
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Alef Education launches first project in US

Alef Education, a UAE-based education technology company, has announced the launch of its Alef education system in the US.

The system will be used at Harlem Children’s Zone (HCZ) schools in New York city, starting Oct. 15.

The Alef education system brings together a blend of the latest technology and pedagogical approaches geared toward learners of today. A key component of the system is the “Alef Platform,” which has three main pillars: 

•A fun and easy-to-use digital learning environment 

•High-quality digital content developed to engage and stimulate learning with a blend of videos, interactivities and games. 

•Real time data provided within each lesson to truly enable educators to support personalized learning and identify student strengths and weaknesses. 

The partnership between Alef Education and the Harlem Children’s Zone schools started in 2017 when leaders of those organizations met. The meeting included a review of best practices in pedagogy, instructional design, the use of technology, and the best ways to identify difficult concepts and detect struggling students early using data. 

Alef Education identified NexGen, an education technology startup based in New York City, as its US-based partner to carry forward the implementation of the program at the Harlem Children’s Zone schools and other school systems across the US. 

Geoffrey Alphonso, chief executive of Alef Education, said: “As a leading education technology company, we want to play a significant role in the creation of the next generation of innovative individuals around the world, and continue to provide the latest innovations in artificial intelligence-based and technology-driven education solutions within a holistic education system.” 

He added: “The implementation of our innovative education system in the Harlem Children’s Zone schools in New York city speaks of a quantum leap in our long-term mission to leverage technology to provide students with the personalized education they need to succeed, while also empowering teachers with real-time, actionable data.” 

Geoffrey Canada, president of the Harlem Children’s Zone schools in New York and chairman of NexGen Education, named one of the world’s most influential people by Time magazine and as one of the 50 greatest leaders by Fortune magazine, said: “We are pleased to welcome Alef Education’s innovative education system into our schools in New York as of October 2018. Education systems across the world are witnessing unprecedented transformations and a transition to a more dynamic education based on new technologies. In this context, we have decided to adopt this program to further enrich the resources available to our students to ensure they have access to the best the digital education industry has to offer.”