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Banking & Finance

Oman Data Park and Cisco partner for managed security services

Oman Data Park (ODP) and Cisco have announced that ODP has deployed Cisco Advanced Malware Protection (AMP) as part of its ODP Managed Security Services for endpoint protection. Oman Data Park is the first managed service provider in Oman, offering managed cloud services, public cloud, co-location and managed security services to both large and small […]

Solar Bankers and GLBrain partner for transactive energy and blockchain

The renewable energy and blockchain company Solar Bankers has joined forces with the Internet company GLBrain (Dubai), to create an ecosystem of online marketplaces based on blockchain. Solar Bankers, a producer of high-efficiency solar modules using a patented nanostructured holographic foil, is known for developing a solution for rural electrification based on decentralised P2P energy […]

Central Bank of Egypt embarks on Digital Transformation with Alaris

The Central Bank of Egypt has digitised 100 million documents using scanners from Alaris and aims to scan another 500 million documents over the next five years. The Central Bank of Egypt had 500 million documents which were retained as paper records. Retention of these records needs to be achieved in accordance with the relevant […]

Apla offers Smart Laws as a solution for transaction fidelity for Blockchain

Apla, a technology company that develops Blockchain solutions for governments and enterprises, has introduced Smart Laws as an answer to transaction fidelity for Blockchain technology. Smart Laws allow verifying the existence of any licenses, permits and any other conditions necessary that were not taken into account when writing a smart contract. They provide a mechanism […]

Jordanian bank utilises Oracle Blockchain Cloud Service for secure transactions

A Jordanian organisation has deployed an early adopter version of a blockchain service. Arab Jordan Investment Bank has deployed Oracle Blockchain Cloud Service which allows it to easily build blockchain networks to drive more secure and efficient transactions and to track goods through supply chains on a global scale. “Oracle’s blockchain platform has helped us […]

Artificial intelligence to boost UAE GDP by US$ 96 Billion by 2030

Rapid adoption of artificial intelligence (AI) solutions are predicted to increase the UAE’s GDP by US$ 96 billion by 2030, enabling organisations to better meet and predict customer and citizen trends and drive digital business innovation. As the UAE Strategy for AI guides nationwide transformation, AI and machine learning are entering the mainstream. PwC predicts […]

Saudi Arabia ranks as top digital banking market in Middle East

Saudi Arabia has been revealed in a new survey as the top digital banking market in the Middle East and North Africa, with more than three-quarters of banking customers using online or mobile apps. In a survey of regional banking customers by research firm ArabNet, 76% of Saudi banking customers use digital platforms and 60% […]

New partnership offers digital wealth management-as-a-service

Orange Business Services and Additiv, an expert in digital solutions for the financial market, have teamed up to offer digital wealth management as-a-service products to financial institutions. The cloud-based offerings will automate wealth management and address the strong growing demand for digital financial services from clients and the urgency to reduce operating costs by many financial […]

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 […]