Kuwait Islamic bank Warba Bank occupies sites in both the virtual world Decentraland and Sandbox


Recently Warba
Bank, a Kuwait-based Islamic bank enters in to the metaverse. Currently, the
bank occupies two sites in the metaverse, one on Decentraland and another on Sandbox. It is the latest
corporation from the Middle East and North Africa (MENA) to enters in to the space.
To strengthen its
communication with the young generation the bank enters metaverse. As a pioneer in digital
transformation, the mission of Warba Bank is to be close to its clients in
virtual reality, to strengthen its communication with the young generation in an innovative way and
to introduce its products and services.
Anwar Bader Al-Ghaith who is the Warba
Bank Executive Vice President for Support Services and Treasury, said “Warba
Bank’s interest in entering this virtual reality comes within the framework of
digital trends to transform into a (Web3)”. He stated that Warba Bank is
interested in entering this virtual reality to communicate with the clients and
providing all their banking needs, including all the new services and products
launched by the bank.
The Warba Bank is aiming to provide
top-quality products and services in a secure framework while incorporating the
latest technologies in the world of the internet and artificial intelligence AI
technologies as it moves forward in achieving its ambitious goals, enhancing
digital services, and incorporating the latest modern technologies. With
virtual reality enhanced with audio-visual technology, users can travel between
regions and participate in virtual activities, as well as meet many of their
needs and requirements in three dimensions. Warba Bank moves forward vigorously
in achieving its ambitious goals and enhancing digital services.
With a statement released by the
bank, Warba says it is now focusing on achieving its ambitious goals and
enhancing digital services. The bank will also focus on absorbing emerging
technologies and artificial intelligence, the statement said.

Indrani bose
CBW - External Analyst
INDIA