Cyber risk is new threat to financial stability: IMF
The number of cyberattacks worldwide has tripled over the last decade and financial services continue to be the most targeted…
FinTech
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Is 'buy now, pay later' the future for Gulf digital payments?
Tabby, the UAE and Saudi-based fintech provider, has announced that it has raised Series A financing of $23 million in…
Under threat from digital challengers, Middle East banks revamp processing platforms
Cash is fading in the Middle East, and traditional banks are turning to fintechs to expedite upgrades before challenger banks…
RAKBANK Chooses Anomali Threat Intelligence Product Suite to Detect Threats Across its Banking Infrastructure
Anomali, has announced that the National Bank of Ras Al Khaimah (RAKBANK), is deploying Anomali to operationalize threat intelligence across…
French digital payments company IDEMIA snaps up Saudi company
A digital payment enabling company, IDEMIA, has acquired Pcard, a card personalisation bureau in Saudi Arabia. The former will now…
Codebase and AMF publish Mena open banking report
Codebase Technologies along with the Arab Monetary Fund and the MENA Fintech Association have published a report on an “Open…
New Microsoft research: Is hybrid work here to stay?
Microsoft has released its Work Reworked study for 2020, which has found that almost all (97 percent) of business leaders…
Investcorp portfolio company ABAX acquires Automile
Positions ABAX as second largest company in the European telematics market Investcorp, has announced that its portfolio company ABAX has…
QLM to focus on digitisation, network expansion in growth plan
QLM Life and Medical Insurance Company, which is seeking to raise QR659.4mn through its 60% initial public offering (IPO), has…
Bank Hapoalim CEO optimistic about Israel UAE technological future
Bank Hapoalim's president and CEO Dov Kotler participated in a panel on Monday morning discussing modern technology's on the topic…
Gulf cyber threat grows as region embraces cashless payments
"Because card details are stored on the phone, we now have to consider the state and safety of the device…
Avaya and Kuwait's Gulf Bank embrace 'multi-experience' approach
Kuwait’s Gulf Bank has turned to unified communications and cloud solutions firm Avaya to embark on a multi-year customer experience…