A partnership between the World Islamic World Bank and CR2 to develop banking services in Iraq

Baghdad – Mawazine News
The International Islamic Bank (IMTB) in Iraq has announced the signing of a strategic partnership with CR2, with the aim of developing banking services.
This partnership represents an important stage for the International Islamic Bank, as it will contribute to the transformation of banking services to digital form and enhance advanced digital banking solutions in the Iraqi market.
This partnership will provide secure and improved digital banking services for individual and corporate customers, with excellent user experience, simple payments, and access to a wide range of banking services anytime, anywhere.
The partnership will also include the development of a mobile banking application for the International Islamic Bank, which is compatible with the needs of customers and provides simple and digital financial services such as money transfer and electronic payment.
These innovative mobile banking solutions will enable customers to manage their accounts and access a wide range of banking services directly from their smartphones.
In addition, this partnership will develop new products and services that meet the current and future needs of the Iraqi banking market.
The partnership aims to increase reliance on digital technology services among the existing customer base, and expand the new customer base by improving banking services.
This partnership comes in response to the CBI’s vision for digital banking, and aims to promote digital transformation in banking by expanding the IIB’s digital presence in Iraq.
Kiran Kilkulin, CEO of CR2 commented, “We are pleased to sign this partnership with the International Islamic Bank to offer innovative solutions for digital banking services. It is an important step in meeting the needs of customers, and we are very proud of the opportunity of the role we play in supporting the bank with our experience and innovation from markets around the world. The banking and payments landscape continues to change, and we see many opportunities for banks taking up leadership positions using innovative, secure and easy-to-use digital solutions that enable their customers to succeed.”
Suha Al-Kafyi, Commissioner for the International Islamic Bank, commented, “It is important that we continue to develop and innovate the International Islamic Bank. This partnership with CR2 will provide us with the development of banking products. We are very pleased with this opportunity that will make future digital and banking solutions available, according to what is happening around the world. This relationship will ensure that IIB becomes a leading player in finding pioneering solutions for our customers both in the retail sector and in the business sector.”
About the International Islamic Bank
The International Islamic Bank was established as an independent financial entity, providing a wide range of services that meet the needs of individuals, institutions and companies, in addition to the basic services represented by personal and commercial accounts, Islamic Murabaha, investment financing, opening documentary credit, credit operations, letters of guarantee online, in addition to multiple electronic services.
We proceed according to a focused economic banking vision towards providing digital technological innovation (Banknk) in remote money management through an administrative staff specialized in the field of banking information management technology and creating an integrated digital banking environment that comes through the result of studying the cases of global development (for governance) mixed with the need of the market and business management to promote a tight digital banking economy in the market of Iraq, the region and the world. We are also proud to have received a 91% rating of the quality of services from the Central Bank of Iraq, a 4/5 rating certificate for (governance) practices and institutional innovation, and some important international awards, including the award for the best bank in the diversity of services and products in Iraq in 2022 by the International Federation of Arab Bankers, and other awards and participations.
Join us to shape the future of banks in Iraq.
For more information, please visit the website: http://www.imtb.iq
About CR2
CR2 is a leader in banking and payments, providing digital Egyptian solutions to the 100 largest banks in 60 countries around the world. The company is experienced in providing digital banking services such as card issuing cards and ATMs, and provides advanced solutions through its World Bank platform. In addition, access to fintech solutions through its external partners and its wide global presence.
The company aims to promote digital transformation in the banking industry, improve the customer experience and facilitate access to financial services via digital channels. For more information please visit http://www.cr2.com.

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