Qatar Islamic Bank (QIB) has earned three notable distinctions at the Global Finance AI in Finance Awards 2026, recognizing the institution’s advancements in artificial intelligence within the banking sector. QIB was honored as the Best Corporate Bank for AI in Finance in Qatar, and also received awards for Best AI in Payments in both Qatar and the broader Middle East region.
These accolades underscore QIB’s efforts to integrate AI technology into its corporate banking and merchant acquiring operations. Central to these achievements is QIB’s Merchant Analytics solution, which utilizes advanced data analytics to enhance the bank’s merchant acquiring capabilities. The tool provides greater insight into merchant performance and business trends, enabling more informed decisions and improved operational efficiency.
The Merchant Analytics solution strengthens the bank’s ability to identify business opportunities and deepen engagement with its merchant clients. By offering detailed analytics and reporting, it supports the growth and development of QIB’s merchant acquiring services and delivers actionable business insights that help merchants better understand their performance and uncover areas for expansion.
Constantinos Constantinides, Chief Strategy & Digital Officer at QIB, highlighted the significance of these awards, emphasizing the bank’s commitment to applying AI in practical ways that improve banking and payment services. "Our Merchant Analytics solution demonstrates how AI and data can turn complex payments information into actionable insights," he stated. Constantinides added that QIB is focused on developing secure and scalable AI capabilities that enhance efficiency and generate increased value for customers as part of its ongoing digital strategy.
The Global Finance AI in Finance Awards acknowledge financial institutions that demonstrate innovative, effective, and responsible uses of artificial intelligence across the financial services industry, highlighting QIB’s leadership in this rapidly evolving field.