Innovate By SAB Qorus Reinvention Awards - MEA 2023 - Winner

Submitted by

Saudi Awwal Bank

Premium

30/08/2023 Banking Innovation

Imagine a world where banks seamlessly integrate into your day-to-day life, making each moment meaningful. It is SAB's goal to lead this opportunity, not just follow the trends. With Innovate, we're propelling ourselves into the future, crafting a bank that effortlessly syncs with the customers’ every move. Our magic potion? Innovation. It's not just in our DNA; it's in our heartbeat. We've ignited a culture of innovation, fostering a mindset where every employee shapes the Bank of the Future. Join us on this exhilarating journey, where innovation isn't just a word – it's a dynamic force that's shaping the banking future, one groundbreaking idea at a time.

Innovation details

Country
Saudi ArabiaCategory
Future WorkforceKeyword
Transformation, Innovation, HR & New ways of working, Strategy & Business model, Retail banking

Innovation presentation

One year ago, SAB launched a comprehensive program (Innovate By SAB) aimed at transforming the bank; in term of its market positioning and ways of working. Throughout the organization, we strive to foster a innovation culture and change mindset. Our Managing Director launched the program during "Creativity and Innovation Week," emphasizing the importance of innovation, creativity, and failure learning. Strategically, we promote creativity and an entrepreneurial mindset. Through a series of efforts, a two-day organizational-wide campaign, innovation and design thinking sessions and workshops throughout the year in addition to a leadership boot-camp where executives came together to identify challenges and create opportunities for the Bank, followed by a hackathon that bridged opportunities and engaged employees to create breakthrough solutions. As a result of strategic planning, leadership involvement, and enthusiastic employees’ involvement, we have translated ideas into impactful solutions. Embracing innovation has led to tangible improvements in efficiency, brand growth, and revenue generation.

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