12/18/2018
Central Bank of Egypt (CBE) to Explore Digital Currency Issuance Options
The Central Bank seems to be inspired by other banks around the world that have chosen to emit cryptocurrencies and digital currencies of their own national tokens.
FinTech
12/17/2018
Ripple to Launch Blockchain Remittances to Asia with Major UAE Exchange
The source also confirmed that Asia is “one of the largest recipients of the $613 billion in remittances estimated to have been sent globally in 2017”.
12/17/2018
First Arab Digital Economy conference kicks off in Abu Dhabi
Governor of the Central Bank of Egypt Tarek Amer and former telecommunications minister Atef Helmi attended the first session.
12/17/2018
The League of Arab States Launches the Common Vision for Arab Digital Economy
The launch of the vision was headed by Ahmed Aboul Gheit, the Secretary General of the League of Arab States, and members of Arab States from Arab Ministers visiting Abu Dhabi and attending Arab Ambassadors to the UAE.
12/17/2018
Objectway mentioned in Gartner’s Market Guide for Digital Banking Platforms
This Market Guide provides Gartner’s initial coverage of the market and focuses on the market definition, rationale for the market and market dynamics.
12/17/2018
ENBD launches facility for low-vision customers
The Traveller HD is a lightweight video magnifier that offers adjustable magnification of up to 30 times the original text size
12/16/2018
Saudi Monetary Authority & UAE Central Bank, to launch cross-border cryptocurrency
No launch date was provided and some cryptocurrency experts are skeptical the initiative will get off the ground.
12/14/2018
Saudi Arabia and United Arab Emirates Will Release a Joint Cryptocurrency
The cooperation is currently ongoing, no specific dates as to when the development will be finished have not been released so far.
12/13/2018
UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions
The Abu Dhabi Global Market also recently conducted a test of a blockchain-based Know Your Customer (KYC) system.
12/13/2018
VIVA, StanChart launch Mastercard, fin services
Additionally, cardmembers will get access to more than 800 airport lounges around the world.
12/13/2018
QDB launches initiative to achieve great strides in fintech
It was also a great opportunity for representatives from the banking and investment sector to explore technology breakthrough trends and to meet young and aggressive entrepreneurs and foster relationships with them, QDB further said.
12/13/2018
Ripple Set To Conquer UAE’s Transfers From Q1 2019
Blockchain powered remittances are seen to be advantageous given the cheaper transaction costs and faster movement of transfers.
12/12/2018
Bahrain Credit partners with Clayfin to digitalise retail banking
Clayfin focuses on providing digital banking experience solutions to the financial institutions. It caters to retail, corporate and SME banking businesses.
12/12/2018
Mashreq Bank’s digital transformation journey continues, with Microsoft Modern Workplace solutions
As part of this phase of the journey, Mashreq has adopted Microsoft Surface devices and Microsoft 365 (Windows 10, Office 365 and Enterprise Mobility and Security) – a solution that brings together productivity and collaboration capabilities with de
12/11/2018
First Abu Dhabi Bank goes live on Temenos T24 core system
FAB, which officially completed its merger on 1 April 2017, is the largest bank in the UAE and one of the largest in the MENA region, with total assets of over AED 670 billion ($180 billion).
12/10/2018
KoreConX announces partnership with Middle East consultancy firm
In UAE, SMEs account for over 90 per cent of private enterprises and contribute to nearly 47% of Dubai's GDP and 52% of its workforce. It is therefore a top priority this sector has access to cutting-edge knowledge, technology and funding.
12/10/2018
Commercial Bank continues to invest in technology to keep edge: Group CEO
I believe that the customer doesn’t care whether it’s a fintech company or it’s a bank
12/10/2018
Bahrain Credit Signs 5-year Digital Banking Deal With Clayfin and Computer World
Clayfin will craft Digital Banking experiences for Bahrain Credit's Retail Business
12/10/2018
Bank Aljazira launches Noor Innovation Program
It aims to foster the financial technology system in the Kingdom in order to make the country a leading center of financial technology
12/09/2018
RENAC’s green banking programme launched for MENA
The agreement signed in Paris during the United Nations Climate Change Conference (COP21) is proof of the key role renewable energy and energy efficiency play in international climate change mitigation efforts.