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Banking & Finance

Digital Banking: Does it have a future with no passwords?

Is the future of digital banking a password free one? The ways in which banks are authenticating their users is evolving at speed thanks to technological developments. Marwan Elnakat, Digital Banking Director for the CISMEA region at Gemalto, tells us what the future holds. Please enter your password, it says. It seems like a simple […]


Research uncovers compromised bank accounts and credit cards in the UAE

Group-IB, a global leader in preventing and investigating high-tech crimes and online fraud, has announced the key findings from its annual ‘Hi-Tech Crime Trends 2017’ report. The findings of the report were announced at an event to mark the establishment of Group-IB’s regional presence across the Middle East, Turkey, Africa and South Asia, with headquarters […]


Riverbed Technology appoints new regional vice president for the Middle East

Riverbed Technology has announced the promotion of Elie Dib to the position of Regional Vice President for Middle East, Turkey and north Africa (METNA) in recognition of his leadership of the regional sales team which has resulted in deeper penetration into key industry verticals including government, defence, finance, oil and gas and most recently, the […]


Emirates NBD trusts Gemalto for mobile banking security in the Middle East

Customer smartphones transformed into strong and swift authentication devices New ‘Smart Pass’ service means customers no longer have to wait for OTPs (One Time Passwords) to be sent via SMS Gemalto, a world leader in digital security, has supplied Emirates NBD, a leading Middle East banking group, with Gemalto Mobile Suite that offers robust security […]


Checkout.com to launch Apple Pay for customers in the UAE

Leading international online payments company Checkout.com has announced it will bring Apple Pay to its customers in the UAE. Already offered in Europe for Checkout.com customers, Apple Pay is now available in the UAE, the first country in the Middle East to accept Apple Pay. With the desire for frictionless payments a priority in the region, Checkout.com is delivering […]


WaveX selects ArabianChain’s Blockchain-based Smart Contracts

Award winning UAE start-up paves the way for regional entrepreneurs to innovate via blockchain WaveX, an award-winning start-up and renewable electricity trading and p2p solar panel financing platform, is the first UAE-based start-up to utilise ArabianChain’s blockchain based Smart Contracts and Development Studio. As a start-up with a platform established to allow trade of energy […]


IST expands cloud customer experience solution offering with PureCloud by Genesys

IST, the customer experience technology specialist, has announced that it has expanded its partnership with Genesys, the global leader in omnichannel customer experience and contact centre solutions with the addition of the  by Genesys to its solution offering. Designed to help businesses in the Middle East deliver a consistent, seamless and personalised next-generation customer experience, […]


Report explores how the Middle East can drive financial future

Dubai International Financial Centre (DIFC), a leading financial hub in the Middle East, Africa, and South Asia region (MEASA), has released a new DIFC-commissioned report developed by the Economist Intelligence Unit (EIU) entitled The Next Frontier: The future of finance in the Middle East, Africa and South Asia. MEASA is home to approximately 3 billion people, […]


Middle East companies risk nearly USD 1 Million in ransomware costs

The average Middle East organisation faces high risk of ransomware attacks, which could cost nearly $1 million, industry experts commented today on the results of a report released ahead of GITEX Technology Week 2017 in Dubai. Since the summer, hundreds of thousands of computers worldwide have been infected by the WannaCry ransomware, a malware that […]


Saudi National Digitization Unit show importance of Smart City innovation

The Saudi National Digitization Unit highlighted the importance of the Smart Cities innovations being showcased by digital transformation enablers such as SAP at GITEX Technology Week 2017 to transform urban life, real estate, and hospitality. Across the Kingdom, government agencies are rapidly adopting cloud-based solutions, which are driving efficiency and new government services models. As […]


Omnia Pay and Huawei announce strategic partnership at Gitex

Omnia Pay, one of the UAE’s leading fintech solutions providers, has signed an affiliation partnership agreement with the leading global ICT solutions provider, Huawei. Omnia and Huawei’s product and service offerings complement one another and this partnership will further enable both organisations to offer attractive joint propositions to the financial services marketplace. Omnia and Huawei […]


Centra Hub launches VAT-Compliant Centra Books

Centra Hub, today unveiled Centra Books, a ready-to-use, plug-and-play, VAT-enabled and SaaS-based finance and inventory management system at GITEX Technology Week 2017. Visitors will be able to preview the solution at Centra’s stand. Centra Books will be available in the GCC markets over the coming weeks. Speaking on the launch, Nisith Naik, CEO of Centra […]


Condo Protego warning of security challenges at GITEX

Representatives of Condo Protego are 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 be […]


Avaya presenting real-world customer cases for the first time at GITEX

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


Huawei addresses digital transformation at GITEX

ICT provider Huawei hosts key government and business leaders to encourage conversations on tech exploration and the implications of the digital transformation on Middle East economies. Global ICT solution provider Huawei is hosting its second annual Innovation Day, with the theme ‘Exploration, Lights the Way Forward’. Scheduled to take place on the first day of […]


Gemalto helps banks streamline encryption operations

Gemalto, a world leader in digital security, has announced the launch of the industry’s first payment hardware security module (HSM) to include partitioning as an advanced security feature. This new capability allows financial services organisations to simplify cryptographic operations by using a single HSM to support dozens of security applications and protect sensitive payment information […]


Huawei to showcase ‘platform + ecosystem’ portfolio at GITEX

Huawei, a leading global ICT solutions provider, will showcase its ‘platform + ecosystem’ portfolio of innovations at GITEX Technology Week 2017, designed to equip Middle East organisations for the next big step on the road to digital transformation. Under the theme ‘Leading New ICT, the Road to Digital Transformation’ Huawei’s booth Z-D20 in Za’abeel Hall […]


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 […]


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 […]