Saudi Investment Bank adopts Cisco SDN Architecture
Tech giant Cisco has announced that the Saudi Investment Bank (SAIB) has become the first financial institution in the Kingdom…
FinTech
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Licencing regime introduced for UAE’s retail payments service providers
The Central Bank of the UAE on Saturday unveiled the Retail Payment Services and Card Schemes Regulation, the fourth regulation…
Global sukuk issuance hits record $100bln in H1 2021- Refinitiv
Sukuk issuance gained momentum in the first half of 2021 as total issuance reached $100 billion compared to $88.7 billion…
Carrefour and HSBC Partner to bring payment instalment plan to customers
Carrefour has announced a partnership with HSBC Bahrain to offer customers a 3 to 12-month HSBC Flexi Instalment Plan on…
Israeli firm’s spyware used to hack phones of journalists and business execs globally
Israeli company NSO Group's Pegasus spyware was used in attempted and successful hacks of 37 smartphones belonging to journalists, activists…
UAE central bank prepares for digital currency launch
The UAE Central Bank (CBUAE) is set to introduce digital currency in a bid to crack the top ten of…
FinTech: Why these startups are banking on a payments revolution in the Middle East
Founded in 2006, Techstars has invested in more than 2,200 companies in 15 years. In the process, the startup accelerator…
Boubyan Bank proudly launches the world's first Islamic international digital bank
- Nomo, a fully digital bank provides a mobile-first banking experience for affluent, tech-savvy consumers currently undeserved traditional banking platforms.…
How fingertip authentication technology will transform MENA contactless payments market
The market for contactless payment cards grew exponentially over the past year, supported by ongoing hygiene concerns amid coronavirus, but…
Dubai's Masherqbank prepares for a digital-only future
One of the oldest banks in the United Arab Emirates is preparing for a digital-only future as it fends off…
UAE Central Bank Sets Roadmap for CBDC Launch
The Central Bank of the United Arab Emirates has become the latest monetary regulator with an interest in issuing a…
Banks and FinTech partnerships to bring about a paradigm shift in the future of banking industry
Digitisation has changed every sector, and the banking industry is no exception, leading several banks to reduce their physical footprint…