Al-Majid: AI transforms banking with strong governance
The article focused on the efforts of Kuwait's banking sector to enhance its resilience and stability through the development of business models and diversification of funding sources. It emphasized the importance of maintaining strong capital and liquidity levels, as well as improving risk management. Additionally, it discussed the use of artificial intelligence to increase efficiency and improve the customer experience. The article also highlighted the development of a deeper local market for bonds and sovereign sukuk to facilitate liquidity management and enable sustainable financing. It noted that these strategies contribute to supporting economic growth and diversifying funding sources in Kuwait.
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