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Banking & 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 […]

Ripple and SAMA offer pilot programme for Saudi Banks

Ripple has signed an agreement with the Saudi Arabian Monetary Authority (SAMA) to support banks in the Kingdom of Saudi Arabia (KSA) to explore Ripple’s cross-border payments technology. Together, SAMA and Ripple have created a pilot programme to provide support to KSA banks to use xCurrent, Ripple’s enterprise software solution that enables banks to instantly […]

Emirates NBD Group announces senior technology appointments

Emirates NBD, a leading bank in the region and market leader in banking innovation, has announced two senior technology appointments as part of its end-to-end digital transformation strategy. Miguel Rio Tinto has been appointed Chief Information Officer (CIO) to lead the group’s Information Technology division and Evans Munyuki has been appointed as Chief Digital Officer […]

ServiceNow appoints new regional director for Middle East

ServiceNow has announced the promotion of Mark Ackerman to the position of Regional Director for Middle East, South Africa, Turkey and Eastern Europe. Joaquin Reixa, senior AVP EMEA South at ServiceNow, said emerging markets such as these require a team with an intimate understanding of their cultural and political nuances. He said: “In 2015, Mark […]

OAB launches new e-payment gateway service ‘OAB iPAY’

Oman Arab Bank (OAB) has announced the launch of a new e-payment Gateway facility. The new service is part of the bank’s innovative roadmap to contribute to the digital economy of Oman by improving the electronic payment ecosystem. The bank’s public and private sector corporate clients will be able to receive payments online through website […]

Dubai event to demonstrate future blockchain opportunities for enterprises

An event held in Dubai will help decode the multibillion dollar opportunities in Blockchain. The Future Blockchain Summit 2018, hosted by the Smart Dubai Office at the Dubai World Trade Centre (DWTC)  from May 2 to 3, is set to demonstrate how blockchain technology is set to transform the world. Brian Behlendorf, Executive Director of […]

Egyptian bank wins 12 international renowned awards in 2017

Commercial International Bank-Egypt (CIB) received 12 international awards in 2017, in recognition of its outstanding innovative performance. After positioning itself as a local bank with global standards, CIB-Egypt is now competing at a regional and international level. CIB-Egypt was named the ‘World’s Best Bank in the Emerging Markets’ by Euromoney; the first bank in the […]

Advanced insurance platform ATOM is being co-developed by elseco and SAP

In-memory technology of SAP HANA® enables seamless analysis of big data with concurrent updating of risk pricing and selection API-driven platform allows elseco member insurance companies to have real-time access to their portfolio, performance analysis and bordereau reports Compliance built into the process flows allows different classes of users, control of licenses and monitoring of […]

Mobile payment solution developed for fashion retailer Maison BMore

OMA Emirates Group, a provider of cutting edge technology devices for the payment industry, has partnered with Karma Technology, a payment and business solutions software provider in Dubai and successfully completed a safe and seamless mobile payment solution across all 15 Maison BMore outlets. The multi fashion brand stores in the UAE now has a […]

Secureworks expert predicts cybersecurity landscape of 2018

With the new year upon us our thoughts turn to what will happen to the security landscape over the next 12 months. Mahmoud Mounir, regional director of Secureworks, gives us his predictions for the cybersecurity landscape of 2018. As the new year begins, cyber threats such as ransomware will continue to pose a serious threat […]