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Banking & Finance

Artificial intelligence to boost UAE GDP by US$ 96 Billion by 2030

Rapid adoption of artificial intelligence (AI) solutions are predicted to increase the UAE’s GDP by US$ 96 billion by 2030, enabling organisations to better meet and predict customer and citizen trends and drive digital business innovation. As the UAE Strategy for AI guides nationwide transformation, AI and machine learning are entering the mainstream. PwC predicts […]

Saudi Arabia ranks as top digital banking market in Middle East

Saudi Arabia has been revealed in a new survey as the top digital banking market in the Middle East and North Africa, with more than three-quarters of banking customers using online or mobile apps. In a survey of regional banking customers by research firm ArabNet, 76% of Saudi banking customers use digital platforms and 60% […]

New partnership offers digital wealth management-as-a-service

Orange Business Services and Additiv, an expert in digital solutions for the financial market, have teamed up to offer digital wealth management as-a-service products to financial institutions. The cloud-based offerings will automate wealth management and address the strong growing demand for digital financial services from clients and the urgency to reduce operating costs by many financial […]

Finance body: AI can be a game changer with efficient data use

Accountancy and finance body ICAEW believes that fundamentals of merger and acquisition (M&A) deals in the GCC region have not yet been significantly affected by artificial intelligence (AI) and still rely on human cognition. But its view is that technology has improved the speed of transactions and is expected to play a bigger role in […]

Cisco Security Solutions support Invest Bank’s digital transformation

Cybersecurity framework improves Invest Bank’s IT agility, reduces average response time from 10 days to two to three hours Cisco and Invest Bank PSC, a leading commercial bank in Sharjah, UAE, have announced the successful deployment of Cisco’s comprehensive cybersecurity solutions, including Cisco Advanced Malware Protection (AMP), to support the bank’s digital transformation strategy. Invest […]

Future Blockchain Summit set to take place in Dubai

Future Blockchain Summit, hosted by Smart Dubai and organised by Dubai World Trade Centre (DWTC), will open its doors to the world’s most influential and creative blockchain festival tomorrow (May 2). Taking place from May 2 to 3 at DWTC, Future Blockchain Summit is set to welcome over 5,000 captains of industry and visionary technologists, […]

SAP praises Saudi organisations for digital innovation

During the SAP Middle East and North Africa Quality Awards ceremony, the Saudi Arabian Monetary Authority, Awqaf Suleiman Al Rajhi, EA Juffali and Brothers, and Global Beverage Company were recognised as leading digital innovators in the kingdom. Saudi Arabian Monetary Authority (SAMA) won in the Business Transformation category for rolling out SAP business planning and […]

Emirates NBD Group launches private cloud as regional first in banking sector

Emirates NBD, a leading bank in the region and market leader in banking innovation, has announced that it has launched its own private cloud platform. It is the first bank in the region to implement a private cloud platform that leverages similar technologies to cloud-native companies, marking a major milestone in the Emirates NBD Group’s […]

Euromoney Saudi Arabia Conference returns to discuss ‘pivotal year’

The Euromoney Saudi Arabia Conference is set to bring together senior government figures and international banking and business leaders to discuss the regional and global economic impact of the Kingdom’s economic reforms from May 2 to 3. Running in a new Wednesday-to-Thursday slot, the annual event is organised in partnership with the Ministry of Finance. […]

Avanza Solutions delivers blockchain payments platform in Dubai

Avanza Solutions has implemented a citywide blockchain based payments platform in Dubai. Avanza’s Blockchain Platform Cipher was selected by the Smart Dubai Office under the Dubai Future Accelerators (DFA) programme. The programme pairs companies with government entities in Dubai to create breakthrough solutions together. Through Cipher, Avanza has successfully delivered an agile and instant reconciliation and […]