The banking industry has undergone enormous change in the past two decades, with the regulatory environment making it increasingly difficult to reach profitability levels that were seen before the global financial crisis.
We are delighted to have been chosen by CBD, one of the leading commercial banks in the country, to boost their acquiring processing capabilities
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.
ABPL is a subsidiary of Al Baraka Banking Group (ABG), a Bahrain Joint Stock Company, listed on Bahrain and NASDAQ Dubai stock exchanges.
The deal was signed in Hong Kong by Nelson Chow, HKMA’s chief fintech officer and Richard Teng, chief executive officer of FSRA.
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