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Banking & Finance

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 […]

UAE operations of Friends Provident to implement Munich Re Automation

Munich Re Automation Solutions, a provider of new business underwriting solutions to the life insurance industry, announced that Friends Provident International has become the latest international life insurance provider to implement the ALLFINANZ Interview Server solution. The automated underwriting platform will enable FPI to streamline the policy application process, accelerate customer acquisition and improve customer […]

Fujitsu implements Middle East’s first smart kiosks for Digital Banking

– Fujitsu and Emerico partner in delivering video Smart KIOSK machines for newly launched digital banking centre in Abu Dhabi – Secure and efficient anytime, anywhere service redefines the banking experience; customers can request the service online and complete it with a visit to the bank without  the need for waiting – Smart kiosks offer […]

Simplifying identity verification to aid digital transformation – it’s all about security and automation

By Marwan Elnakat, Digital Banking Sales CISMEA at Gemalto Digital technology and a new generation of consumers are redefining traditional banking and financial services, with the rate of change set to accelerate even further. Millennials have grown up in a world of 24/7 mobile connectivity and consequently their expectation is typically one of instant, one-click […]

Four tech hacks to faster customer onboarding

By Rami Bachir, Sales Manager, Middle East at Kodak Alaris, Information Management Division Customer onboarding or client onboarding (CoB), as we call the process of ‘entering’ new customers into the organisation, is an important moment of truth. It’s when you really make the difference and deliver upon the promises for why people became a customer […]

30 Days after WannaCry – what can the financial services sector learn?

By Charles Habak, Vice President at Booz Allen Hamilton MENA, and Wayne Loveless, Principal at Booz Allen Hamilton MENA WannaCry or Wcry represents the latest version of a growing threat called Ransomware – a tailored piece of malware designed to exploit specific vulnerabilities in the operating systems of its victims’ computers. Malware outbreaks are not […]

Federal Competitiveness and Statistics Authority and Mastercard sign MoU

The Federal Competitiveness and Statistics Authority (FCSA) has signed a Memorandum of Understanding (MoU) with Mastercard, a leading technology company in the global payments industry. The MoU aims to provide both parties with a strategic platform for the exchange of expertise and knowledge, especially in the areas of data and statistics, including big and open […]

Mashreq Bank, Bank Muscat select Oberthur Technologies for card solutions

Oberthur Technologies, a global provider of embedded security products in the payment sector, has been selected by Mashreq Bank to deploy Instant Card Issuance in UAE. Mashreq Bank is one of the UAE’s leading financial institutions. Established in 1967 by the Al-Ghurair Group, it is the largest private sector bank in the UAE. With 50 […]

eHosting Datafort opens New Cyber Defense Centre in Dubai

eHosting DataFort (eHDF), the region’s leading Managed Hosting and Cloud infrastructure services provider, has launched its Cyber Defense Centre (CDC) in Dubai Internet City. The CDC comes at a crucial time when organisations in the Middle East are faced with advanced and persistent security threats. “eHDF’s CDC deploys advanced security intelligence and automation tools to […]

UAE Exchange launches wearable card using Oberthur Technologies Flybuy MiniFOB

UAE Exchange, a global remittance, foreign exchange and payment solutions brand, and Oberthur Technologies have partnered to launch gocash prepaid card of UAE Exchange through the first-ever contactless payment through wearable devices powered by Flybuy MiniFOB technology from Oberthur Technologies. UAE Exchange will be offering the wearable contactless payment option to select 100 gocash prepaid […]