The adoption of global best practices in governance, as well as holistic stakeholder value creation, is a substantial strategic commitment and value creation framework.  However, in an age of exponential disruption and change especially as a result of globalization and digitization, it is also critical to embrace and adopt a culture of ‘innovation’ in order to keep up and perhaps exceed the pace of change happening in the financial industry and beyond.

The world is in a constant flux of change; people change, technologies advance, new problems arise, and with all that comes the need for new solutions. We embrace our evolving reality as we integrate a mindset of continuous ingenuity to introduce innovative tools that support our clients on their respective journeys towards success.

ahli Bank’s innovation strategy is founded on two primary pillars:

1. Internal Innovation: we are encouraging internally driven and motivated innovation practices through a. the establishment of an innovation group, b. the activation of ‘ahli labs’, a team of financial, technology, and data specialists that are developing uniquely valuable IPs, and c. a multiyear, enterprise wide cultural transformation program that is creating a more trusting, more open, and more people and results oriented organization that encourages collaboration, and innovation.
2. External innovation: Ahli Fintech is a fully owned subsidiary of Ahli Bank that is accelerating the development and investment in Fintech Startups from across the country, the region, and the world.  In 2019, we officially launched our fintech accelerator and announced started accepting applications from fintechs.  In a very short period of time, we received 116 fintech proposals from 12 countries (including Jordan, Palestine, Lebanon, China, Sweden, the UAE, India and the US).  Our investment committee and the Ahli Fintech team conducted a detailed review and due diligence on all the candidates, and then recommended to invest and accelerate in 5 of these startups.  In 2020, Ahli Bank will accelerate the development of these fintechs, and a public announcement will be made on their capabilities and value propositions to the local and international markets.  The startups are benefitting tremendously from the banking experience of our team.  However, they are also encouraging our employees to think different and more entrepreneurially about innovation, which is also accelerating our culture transformation