FinTech

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

09/30/2018

Internal audit needs to go digital

In many organisations in the Gulf region, internal audit is still regarded as a cost centre rather than a necessary support function