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Banking & Finance

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 […]

‘Blockchain was on everybody’s mind’: Avaya expert looks back on 2017

The year 2017 has been a memorable one for Information Technology. New technologies such as artificial intelligence, the Internet of Things and blockchain have become ever-more important with the promise of much more to come in 2018. Here we ask Savio Tovar Dias, of Avaya International, what he made of the outgoing year. What do […]

Burgeoning Egyptian banking sector transformed by technology

The banking and finance sector in Egypt is going through a transformation with a move away from legacy systems and a rapidly changing payments landscape. Without doubt the emerging sector is becoming more agile and efficient, strategic partnerships are being formed, new products launched and more flexible payment platforms introduced. It may surprise some but […]

Dell Technologies predicts a new era for human machine partnerships

By Mohammed Amin, Senior Vice President, Middle East, Turkey and Africa at Dell EMC Dell’s research partners at The Institute for the Future (IFTF) recently forecasted that we are entering the next era of human machine partnership, and that between now and 2030 humans and machines will work in closer concert with each other, transforming […]

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 […] to launch Apple Pay for customers in the UAE

Leading international online payments company has announced it will bring Apple Pay to its customers in the UAE. Already offered in Europe for 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, 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 […]