UAE banks plan to launch mobile wallet in 2016
The UAE Banks Federation (UBF) will finalise the Mobile Wallet project and work on reducing the impact of the “de-risking”…
FinTech
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Plans for mobile wallet, direct debit projects to be ironed out
The UAE Banks Federation will work to finalise the mobile wallet project and improving the regulatory and legal framework for…
A Third of Banks and Payment Services Fail To Provide a Secure Connection for All Online Payments
A study by Kaspersky Lab and B2B International reveals that 33% of financial services organizations don't offer customers a secure…
Objectway Platform Stays Ahead of Wealth Management Technology Trends
New research shows that the firm’s solutions lead industry in competitive trends such as mass customisation, hybrid advisory and online…
ADIB partners with IBM to launch innovative digital studio
In line with its continuous efforts to innovate and digitize its products and services to enhance its customers' experience, Abu…
Oasis500 Reaches For the Stars with New Tech Fund
Oasis500 has launched a new multimillion dinar venture fund which seeks to develop businesses based around space technologies. The…
Arab Gambian Islamic Bank first to go live on Path core platform iMAL R14
Kuwait-based Path Solutions has announced that Arab Gambian Islamic Bank Ltd. (“AGIB”) has gone live successfully with its new core…
United Arab Emirates-based Bank Suffers Customer Data Breach, Could Be Biggest In Bank Breach In UAE History
A recent breach of customer data at a UAE-based bank, which resulted in a Bitcoin ransom, represents a formidable hack…
IBQ wins Commerzbank's STP award for 5th consecutive year
International Bank of Qatar (IBQ) has won the Commerzbank "Straight Through Processing" (STP) award for the fifth consecutive year. …
The Future of Wealth Management Depends on a Faster, Better Adoption of Technology
Wealth management firms must take a bolder stance on new technologies, or they risk being left behind. This is…
Israeli fintech teams up with Australia’s biggest bank
Israeli financial technology is set to make its way Down Under, after the Economy Ministry’s Chief Scientist Avi Hasson signed…
Bank Sohar Receives 'Bank of the Year for Growth – Middle East' Award
Marking its 11th award in 2015, Bank Sohar was presented with the ‘Bank of the Year for Growth – Middle…