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Banking & Finance

ATM solution from NCR to ‘transform’ retail banking

NCR Corporation, a global leader in omni-channel solutions, has announced the launch of NCR SelfServ 80 Series, a new family of ATM solutions that will help financial institutions redefine the banking experience and change the way consumers interact with the ATM forever. Through a unique combination of innovation across software, hardware, and services, consumers and […]

Condo Protego to warn of security challenges at GITEX

Representatives of Condo Protego will be available to discuss cybersecurity at GITEX. Some cybersecurity experts have described Malware attacks as an ‘arms race’ because hackers have developed increasingly complex approaches and security vendors have countered with stronger technology defences. “WannaCry and Petya malware attacks are not isolated incidents – every Middle East CIO needs to […]

Avaya survey finds KSA customers prefer mobile banking

Survey from Avaya, who will be exhibiting at GITEX 2017, reveals mobile-banking app is most preferred method for contacting one’s bank, survey shows  Half of customers in KSA would change their bank if they receive poor customer service—more than any other country surveyed Banking customers in the Kingdom of Saudi Arabia are increasingly using digital […]

Avaya to go beyond the digital experience at GITEX 2017

Avaya will showcase at GITEX Technology Week how it is working with organisations to design solutions that go beyond the digital experience, presenting real-world use cases from its customers across the Avaya International (Europe, the Middle East and Africa, and Asia-Pacific) region for the first time ever at the event. Avaya will highlight how its […]

New survey finds Insider Threats and Ransomware are most feared

Majority of organisations lack proper data exfiltration prevention and DNS security measures Infoblox Inc., the network control company that provides Actionable Network Intelligence, has released results of a new study that identifies the top threats, risks and fears related to securing data assets and keeping networks secure. The survey, conducted by SANS and co-sponsored by […]

Mashreq Bank signs agreement with payment provider TSYS

TSYS has announced that it has signed a software licensing and services agreement with UAE leading financial institution Mashreq Bank. TSYS will provide Mashreq with its core PRIME Issuer and Acquirer payments platform – and surrounding modules and services – to enhance the bank’s customer-centric experiences for its cardholders and merchants. Mashreq is an award-winning […]

ITA develops eServices in Oman through IT infrastructure

An ePayment Gateway is thriving in Oman thanks to a robust IT infrastructure. The Information Technology Authority (ITA), which is responsible for the development and implementation of the IT infrastructure in Oman, previously launched an ePayment Gateway. This enables Government, the private sector and citizens to make secure electronic transactions and simplify payment procedures. Since […]

FinTech start-up Trriple to showcase digital payment innovations at GITEX

McKinsey: Digitization to Boost Middle East GDP by Nearly USD 100 Billion UAE FinTech start-up Trriple to showcase digital payment innovations at GITEX Digital payments will dethrone ‘cash as king’ in the Middle East, and boost regional GDP by nearly USD 100 billion, industry experts have announced ahead of GITEX Technology Week. As Middle East […]

‘Young Bankers’ explain digital banking channels to branch customers in Qatar

Commercial Bank, Qatar’s first private bank, has been running its Young Bankers’ Summer Internship Programme focusing on its digital banking channels. The successful internship programme is now into its fourth consecutive year and is designed for children of customers between the ages of 13 and 17. Commercial Bank invited all customers, via the Bank’s social […]

New Thunder Series controller will help financial institutions

A10 Networks, a Secure Application Services™ company, has broadened its Thunder Series™ portfolio of hardware appliances with a solution, Thunder 3745 Application Delivery Controller (ADC), that helps latency-sensitive financial institutions. Financial institutions have specific application delivery needs, especially those that deal in latency-sensitive transactions and high-frequency trading (HFT), where time truly is money and any […]

How enterprises should best approach privileged access password management

John Hathaway, Regional Sales Director, Middle East, BeyondTrust, tells us about the best ways to deal with Privileged Access Management Privileged password management, sometimes called enterprise password management, refers to the practice and technique of securely controlling credentials for privileged accounts, services, systems, applications and more. But unfortunately, with so much power inherent in privileged […]

Oman Arab Bank launches mobile app and unveils unified digital banking platform

Oman Arab Bank (OAB) has launched its new unified digital banking platform with an all-new simplified interface that can be used across all digital channels including the Internet, ATMs, and its new Mobile Banking Application. The bank’s new mobile app uses the same innovative icon-based design and means customers can access comprehensive services not just […]

Al-Futtaim Technologies contracted to upgrade investment bank’s datacentre

Al-Futtaim Technologies (AFT), one of the region’s leading systems integrators, has been awarded a contract by Emirates Investment Bank (EIBank), an independent private bank based in Dubai, to upgrade its datacentre. The contract will see the Al-Futtaim company work closely with IT solution provider Dell EMC and its distributor Arrow to supply, install and configure […]

Pure Storage in Gartner Magic Quadrant for fourth year running

Pure Storage, a leading independent all-flash data platform vendor for the cloud era, has announced  it has improved its position within the Leaders Quadrant of the Gartner’ July 2017 Magic Quadrant for Solid State Arrays (SSAs). For the fourth consecutive year, Pure Storage is positioned furthest along the ‘Completeness of Vision’ axis in the Leaders […]

NBO and ITA sign agreement for customised banking solutions

The National Bank of Oman (NBO) and the Information Technology Authority (ITA) have signed an agreement to utilise a custom banking solution that offers greater control over transactions and financial management. Through centralisation and automation, the solution addresses specific challenges, such as high volumes of daily payments. It will work to reduce the turnaround time […]

Bank Audi adds business agility through VMware’s virtual machines

Based in Beirut, Bank Audi is a commercial bank in Lebanon and one of the fastest growing banks in the region. With a sizable presence in Egypt, Turkey, Saudi Arabia, Qatar, Jordan, France, and Switzerland, Bank Audi offers a range of products and services that cover commercial and corporate banking, retail and individual banking, on-line […]

Digital Shadows lifts the lid on credit card fraud gangs

Digital Shadows, the industry leader in digital risk management, has revealed the findings of an in-depth study carried out by its team of multilingual analysts assessing the changing habits and tactics of organised credit card fraud gangs. It points to increased sophistication of a professional ecosystem as fraudsters seek to upskill themselves and novice would-be […]

Omnia Pay solutions approved by VISA programme

Omnia Pay has confirmed that its mPOS solutions have been approved by Visa for inclusion in the Visa Ready Programme. This follows the earlier approval from MasterCard that Omnia Pay’s solution meets MasterCard’s best practices for mobile point of sale (mPOS) devices. As well as being Payment Card Industry Data Security Standard compliant, Omnia Pay’s […]

OMA Emirates enhances Mashreq Bank point of sale terminals for greater customer experiences

OMA Emirates, a provider of cutting edge technology for the payment industry, has completed the deployment of Ingenico Point of Sale (POS) terminals for Mashreq Bank in the UAE. The terminals, which meet with the bank’s specific requirements for superior performance, will provide new, secure and a wider range of services for their customers in […]

IDB wins banker Middle East award for digital transformation using SAP Technology

The Islamic Development Bank (IDB), a multilateral development financial institution with 57 member countries as shareholders, is now fully delivering on its mandate to foster socio-economic development among its member countries, thanks in large part to the recent transformation of its core banking technology, using SAP. IDB supports the growing Islamic Finance, with a recent […]