10/19/2018
Enhancing Middle East trade through technology
Artificial intelligence (AI) is one example. AI refers to simulated intelligence in machines that have been programmed to mimic human action and rational thought.
FinTech
10/18/2018
Banks’ Revenue Growth at Risk Due to Unprecedented Competitive Pressure Resulting from Digital Disruption, Accenture Study Finds
Digital-only banks, fintechs and big tech companies are quietly gaining customers, while incumbents struggle to make strategic investments in their digital future
10/18/2018
UK royal opens HQ of new UAE digital trade bank
Anglo-Gulf Trade Bank in Abu Dhabi is set to start ops next year to help address global trade finance gap estimated at $1.5trn
10/18/2018
Efma and Accenture Announce Winners of Distribution & Marketing Innovation Awards 2018
Annual awards program showcases most innovative banking projects from across the globe
10/17/2018
Empower people to use new technologies
Bring in a cultural change to embrace new tech, say experts at Gitex Technology Week
10/15/2018
That start-up you love is probably funded by Saudi oil wealth
It shouldn't be terribly surprising that a country with vast oil wealth is pouring money into high-growth tech companies in an effort to diversify away from the fossil fuel.
10/15/2018
It Took Germany's Merkel To Spur Israeli Women In Tech Into Action
There were venture capitalists, entrepreneurs, government officials and mind-blowing medical diagnostics displays.
10/15/2018
Bank of Beirut Implements Wolters Kluwer’s IFRS 9 Solution
The accounting standard replaces the IAS 39 standard and came into effect at the start of the year.
10/12/2018
UAE banks need to plug all holes against cyber threats
Even with all the investments being committed, some glaring gaps are quite visible
10/12/2018
Turkish bank deploys Daon’s IdentityX platform for biometric authentication
Akbank is the first bank in Turkey to deploy facial recognition technology for mobile banking authentication.
10/11/2018
Qatar to introduce banking service platform for Fintech
Al Thani added "I think we are moving very quickly in this regard, and you will hear something before the end of this year."
10/10/2018
Middle East's First Central Bank-Backed Crypto Exchange to Launch in 2019
Crypto-curious investors "are waiting for the right regulations to be in place and the right partners," Rain co-founder Badawy said.
10/10/2018
Dubai launches its first investment week amid record foreign inflows
The event, focused on new technologies and private-public partnerships, is aimed at attracting more private investment to boost growth and job creation amid soft employment figures.
10/09/2018
Dubai to launch blockchain payments. Central Bank Digital Currency?
It is unclear whether this will be a Central Bank Digital Currency (CBDC) or a stable coin.
10/08/2018
Fintech, a global boost for Islamic Finance?
High transaction costs make it uneconomical for Islamic banks to offer fully-fledged bank accounts to low income groups, which make up a large part of the population in most developing countries.
10/08/2018
Bahrain to launch $100m fintech fund
Bahrain’s fintech credentials were boosted by the news that Amazon Web Services, the retail giant’s cloud computing division, will set up a data centre in Bahrain, the first in the Middle East region.
10/04/2018
Mashreq inks Mastercard deal for QR payments
Due to the company adopting universal standards the service will eventually be able to process transactions using the payment system when customers are travelling in other countries
10/04/2018
Banking on Digital Change
Customers want their everyday banking experience to be fast, easy, convenient and secure.
10/03/2018
UAE’s Noor Bank sees benefit of trade finance blockchain
Yesterday Noor Bank unveiled a new report that outlines the potential of blockchain to transform trade finance in the UAE. The report considers the possibility of faster shipping and settlement and reduction in transaction costs. The whitepaper is ent
10/03/2018
First Abu Dhabi Bank launches sound-based payments
FAB said the system can be used to make payments using regular cash registers