12/31/2019
Emirates NBD boosts AED 1 billion digital transformation
Bank completes third phase of international core banking system upgrade in Saudi Arabia, following earlier upgrades in Singapore and the United Kingdom
FinTech
12/31/2019
Innovation in treasury management
On the need for regulatory technologies, Chetan Parekh, partner at CedarIBSI said that regulators around the world are bringing out more new regulations for banking and financial institutions on the back of increasing numbers of corporate data breaches, c
12/29/2019
DFSA to launch Cyber Threat Intelligence Platform
The Platform is a major milestone in mitigating cyber risk proactively and will benefit the broader DIFC community by creating an ecosystem for information sharing and enriched cyber threat intelligence to help detect and mitigate cyber risks.
12/29/2019
Five Countries Where Crypto Regulation Changed the Most in 2019
“Some countries now consider them legal tender, while many viewing cryptocurrencies as commodities. Governments around the world are keenly aware of the problem that the technology is rapidly outpacing the laws that govern it.”
12/29/2019
Kuwait Banking Association denies local bank data breach claims
The malfunction has “no correlation to local banking enetworks and data systems,” said Al-Majed, adding “account holders’ savings are safe and local banks have not been compromised as a result.”
12/29/2019
Digital banking needs bank, IT firms teamwork
“Reports predict that artificial intelligence systems will save the banking community more than $ 1 trillion by 2030."
12/27/2019
Ministry of Finance to launch e-stamp service
The process of payment and issuance of the stamps will be carried out directly within a few minutes using the K-net devices available with the service employees.
12/27/2019
UAE Telecom Regulatory Authority warns public of a computer virus spreading fraudulent links
Fraudulent messages mislead recipients into thinking they are from reliable source
12/27/2019
CoinMENA appoints SRB for Islamic opportunities in digital assets
CoinMENA provides direct and regulated access to digital assets such as Bitcoin, Ethereum, Litecoin and Ripple.
12/27/2019
Saudi’s HyperPay raises eight-figure investment for its payment processing platform
Even though HyperPay did not disclose the exact size of investment, given the investors involved, it would be safe to assume that it is between $10 to $15 million.
12/22/2019
Hackers target WhatsApp users in Saudi Arabia with new phone scam
Precautions urged to protect data and money from hackers
12/20/2019
Riyadh named Arab world’s first digital capital for 2020
The Kingdom also climbed 16 places in World Economic Forum’s Global Competitive Index 2019 in terms of ICT adoption, and topped in the ease of doing business ranking according to the World Bank’s 2020 report.
12/20/2019
Investing in digital infrastructure
Dubai will also host one of the most iconic events in the world, Expo 2020, which will showcase some of the biggest technological achievements
12/20/2019
Saudi fintech startup Lendo set to unlock invoice financing for SMEs launches
Lendo is developing a community of borrowers and sophisticated investors that enables SMEs and investors to match each other through the P2P model.
12/18/2019
Mashreq migrates to the Microsoft intelligent cloud
UAE's oldest private bank us Microsoft to accelerate its digital transformation
12/17/2019
Gulf Bank picks Murex to digitalize capital markets, treasury functions
Gulf Bank will deploy the MX.3 platform, to provide robust technology infrastructure for core and support operations, as well as risk management, Murex said in a statement.
12/17/2019
Middle East's cloud computing landscape witnessing robust growth: report
Industry reports suggest that by the year 2020, 83% of enterprise workloads will be in the cloud.
12/17/2019
Swissquote would consider targeting Saudi, according to global CEO
Online bank has had a presence in Dubai for the last ten years
12/16/2019
Qatar’s $320 Billion Wealth Fund Seeks to Catch Up on Technology
QIA’s Mansoor Al Mahmoud says fund has been ‘underweight’ tech
12/16/2019
Fintech: How innovation is dragging the region's banks into the 21st century
In order to find out, we speak to the head of Finastra, one of the largest fintech service providers in the world.