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Qatar tribune Tribune News Network Doha Citibank New York has awarded Qatar International Islamic Bank (QIIB) the 2024 Excellence Award for Straight Through Processing (STP) in international payments. The recognition highlights QIIB’s professionalism in executing operations and its remarkable achievements in this field. Mohammed Khair Barhoumeh, Chief Operation Officer at QIIB, received the award from Mohamed Ahmed Al Hammadi, Head of Middle East & Pakistan – Financial Institutions Sales at Citibank, during a ceremony held at QIIB’s headquarters. The event was also attended byMohammed Galadari, Vice President, Financial Institution Sales at Citibank, andNajeeb Ahmed Nasiruddin, Head of Payments & International Operations at QIIB. Citibank explained that the award was granted to QIIB in recognition of its outstanding performance, which exceeded expectations in the execution of international payments. The award also recognizes QIIB’s dedication to maintaining the highest global standards and enhancing its technological infrastructure, enabling exceptional performance in processing international payments. On the occasion of receiving the award, Barhoumeh stated: “We are honored to receive the Excellence Award in International Payment Processing from Citibank New York. This prestigious recognition reaffirms our commitment to maintaining the highest standards in our operations. It is not the first time we have received this award, which reflects our ongoing dedication to excellence and innovation. At QIIB, STP for international payments is a key area of focus, alongside other banking services. We will continue to work closely with all relevant stakeholders to ensure our customers receive the best-quality services and an exceptional banking experience.” He added: “Receiving this award from Citibank reflects QIIB’s excellence in managing international payment operations, meeting the high standards of precision and efficiency required in the banking sector. Our team’s expertise ensures that systems operate seamlessly without manual intervention, guaranteeing that funds are delivered to beneficiaries promptly, accurately, and without errors.” Barhoumeh further noted: “QIIB remains committed to significant investments in modern banking technology, ensuring alignment with the latest advancements in digital transformation. We have made remarkable progress in executing our digital transformation strategy, resulting in high levels of customer satisfaction with the technological enhancements they have experienced. These advancements have also driven continuous improvements in QIIB’s operational efficiency.” He concluded: “QIIB is focused on further strengthening its long-standing partnership with Citibank, fostering mutual benefits for both institutions and delivering exceptional value to our esteemed customers. Copy 09/12/2024 10
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Is Enron back? If it’s a joke, some former employees aren’t laughingConversational artificial intelligence tools may soon "covertly influence" users' decision making in a new commercial frontier called the "intention economy", University of Cambridge researchers warned in a paper published Monday. The research argues the potentially "lucrative yet troubling" marketplace emerging for "digital signals of intent" could, in the near future, influence everything from buying movie tickets to voting for political candidates. Our increasing familiarity with chatbots, digital tutors and other so-called "anthropomorphic" AI agents is helping enable this new array of "persuasive technologies", it added. It will see AI combine knowledge of our online habits with a growing ability to know the user and anticipate his or her desires and build "new levels of trust and understanding", the paper's two co-authors noted. Left unchecked, that could allow for "social manipulation on an industrial scale", the pair, from Cambridge's Leverhulme Centre for the Future of Intelligence , argued in the paper published in the Harvard Data Science Review. It characterises how this emergent sector dubbed the "intention economy" will profile users' attention and communicative styles and connect them to patterns of behaviour and choices they make. "AI tools are already being developed to elicit, infer, collect, record, understand, forecast, and ultimately manipulate and commodify human plans and purposes," co-author Yaqub Chaudhary said. The new AI will rely on so-called Large Language Models or LLMs to target a user's cadence, politics, vocabulary, age, gender, online history, and even preferences for flattery and ingratiation, according to the research. That would be linked with other emerging AI tech that bids to achieve a given aim, such as selling a cinema trip, or steer conversations towards particular platforms, advertisers, businesses and even political organisations. Co-author Jonnie Penn warned: "Unless regulated, the intention economy will treat your motivations as the new currency." "It will be a gold rush for those who target, steer, and sell human intentions," he added. "We should start to consider the likely impact such a marketplace would have on human aspirations, including free and fair elections, a free press, and fair market competition, before we become victims of its unintended consequences." Penn noted that public awareness of the issue is "the key to ensuring we don't go down the wrong path". jj/gil Nvidia Meta Apple This article was generated from an automated news agency feed without modifications to text.
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