- The Middle East Banking News Network -Wealth, private banking and asset management news and opinion

Saudi Arabia boosts fintech drive with UAE and Bahrain talks

Saudi Arabia is discussing a coordinated approach to the regulation and nurturing of fintech startups with the UAE and Bahrain.

Agenor Technology in ‘strategic’ UAE deal

Agenor chief executive Andy Smith said: “This breakthrough agreement represents a vital precedent for ICEFLO’s adoption by financial sector clients."

KSA top digital banking market in MENA

Among the Kingdom’s biggest digital banking growth drivers are moving to the cloud, which SAP supports with the recent launch of its local public cloud data center in the Kingdom.

NBB completes first phase of AWS Cloud adoption

This comes as NBB accelerates its digital transformation, with plans underway to migrate the bank’s intranet and online banking platform to the cloud. Infonas, an AWS Standard Consulting Partner, undertook the migration of the website.

Bank Muscat unveils new digital banking services for corporates

Bank Muscat’s new digitalised banking services allow corporates to control their finances around the clock.

80pc of transactions will be digital in three years, says expert

He said that although digital banking would never fully replace traditional channels, it may start to dominate the industry with 80pc of the transactions being digital.

UAE launches unified portal for business licensing

Bashr also provides a newly-licensed business with automatic membership of the relevant chamber of commerce

FSI Middle East wins contract to provide FM software solutions to Al Rajhi Bank

The solution will include providing Concept Evolution CAFM and FSI GO Workforce Mobility systems for both Rajhi Bank’s headquarters and their operations buildings based in Riyadh.

Al Baraka Bank moves towards digitalization

ABPL is a subsidiary of Al Baraka Banking Group (ABG), a Bahrain Joint Stock Company, listed on Bahrain and NASDAQ Dubai stock exchanges.

Bank Anytime, Anywhere with Maisarah Mobile Banking App

The app has been designed to provide a greater digital banking experience for our customers

The Case For An Innovation Hub To Facilitate MEASA Financial Inclusion

While many existing efforts are underway across MEASA, these are often heavily fragmented and make a large-scale advancement challenging.

UAE to act as 'beating heart' of financial innovation in Middle East

Nearly 50 percent of all financially excluded and underserved individuals are currently situated in the MEASA region.

Hong Kong, Abu Dhabi financial regulators ink fintech pact

The deal was signed in Hong Kong by Nelson Chow, HKMA’s chief fintech officer and Richard Teng, chief executive officer of FSRA.

UAE’s IT market poised to top AED 20 Billion in 2018

New smart city initiatives and enterprise growth set to bring new changes

Middle East Developer Selling Luxury Suites and Villas for Bitcoin and Crypto

Some of the biggest names worldwide are warming up to cryptocurrency,” said owner and chairman of FAM Holding Dr. Faisal Ali Mousa Al Naqbi, “therefore it is logical for us to offer people the opportunity to pay in Bitcoin or similar currency

Orange partners with Additiv to offer digital wealth management services for financial institutions

This means that the SaaS products can be easily plugged into financial institutions’ existing systems.

Banque Libano-Française, Iraq, completes Temenos T24 Core Banking upgrade

This is the first step in rolling out Temenos T24 Core Banking version R17 across the group, as the bank positions itself to drive growth across its business segments.

UAE banks collaborate to promote FinTech education

This assumes even greater significance as Dubai, through its Dubai Future Accelerators initiative, and the wider UAE continue to actively promote Blockchain, Artificial Intelligence, Big Data and several other emergent technologies

Emirates Institute of Banking and Financial Studies Launches Fintech Training Lab to Develop Talent to Meet Future Industry Needs

The agenda specifically underlined the development of talent that can integrate and apply the rapidly evolving technologies to identify and resolve business challenges

A Canadian prepaid company sees more opportunity in the UAE

Estimates indicate that around 80 percent of retail spending in the UAE is cash-based