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Banking & Finance

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 […]


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 […]