Tue, 06 April 2021
Kuwait Finance House - Bahrain (KFH-Bahrain) was awarded the J.P. Morgan ‘Quality Recognition Award’ and ‘Elite Quality Recognition Award’ 2020, for the Bank’s performance in individual and financial institutions money transfers. The Straight-Through Processing (STP) award recognises leading financial institutions that have successfully adopted technologically-advanced e-services, in line with J.P. Morgan’s standards for operational excellence. The award comes following a number of initiatives implemented by KFH- Bahrain to ensure high-quality performance in adopting STP, in compliance with J.P. Morgan’s standards. The J.P. Morgan Award consists of two groups, each designated by a SWIFT message type (MT); the ‘Quality Recognition Award’ and the ‘Elite Quality Recognition Award’, which is granted to institutions adopting the highest levels of performance and efficiency practices.