Tribune News Network
Doha
Commercial Bank has been featured in the latest global platform video by Oxford Business Group, which delves into the country’s financial sector and highlights its focus on technological innovation andsustainable growth.
In the video, Shahnawaz Rashid, Executive General Manager and Head of Retail Banking at Commercial Bank, discusses the critical role the banking industry plays in driving sustainability and economic growth. He highlights key initiatives aimed at reducing carbon emissions, digitizing banking services, and utilizing artificial intelligence to deliver more tailored financial products.
Shahnawaz also underscores the significance of Qatar’s National Fintech Strategy, launched in 2023 by the Central Bank of Qatar, which seeks to position the country as a regional leader in financial innovation. He further details Commercial Bank’s green initiatives, including financing for electric vehicles and sustainable real estate projects, while emphasizing the use of AI and data architecture to offer customize financial solutions to clients and supporting Qatar’s economic growth.
"The banking sector in Qatar is making significant strides in embracing technology and sustainability.
"By adopting financial technology and reducing carbon emissions, we are positioning ourselves as a key partner in the Nation’s economic development,” Shahnawaz remarked.
"Our video illustrates how Qatar’s banking sector is advancing through innovation and a clear commitment to sustainability, in line with Qatar National Vision 2030. This collaboration reflects the importance of driving green initiatives while ensuring economic stability and growth” Marc-André de Blois, Director of PR and Video Content at Oxford Business Group.
The video also showcases Qatar’s efforts to enhance its infrastructure and reduce its carbon footprint by 25 percent by 2030. It explores the role of digital banking, with nearly all transactions now being conducted online, helping the sector meet its environmental goals.