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Banking & Finance

Gulf Bank introduces new contactless credit card in ‘first’ for Kuwait

Gulf Bank in collaboration with Mastercard has launched Kuwait’s First Metal World Elite Credit Card offering contactless payments. The World Elite card, which is enabled with NFC (Near Field Communication) technology, allows cardholders to make contactless transactions for purchases, removing the hassle of inserting or swiping cards at check-out. Ahmad Al Amir, Assistant General Manager […]


Micro Focus implements security solution for Kuwait Finance House

Even as a pioneer of the financial establishment, Kuwait Finance House faced a growing cyberthreat landscape. With the organisations needing to implement a comprehensive security solution it turned to Micro Focus. Kuwait Finance House (KFH) is considered a pioneer in the banking phenomenon known as Islamic Finance or Shari’a Compliant Banking. KFH is the first […]


Kuwait Finance House to adopt MoneyMatch’s Enterprise Solution

Kuwait Finance House (KFH) and MoneyMatch have announced a strategic collaboration to provide cross-border payments for KFH’s customers. This partnership marks MoneyMatch’s maiden entry to provide enterprise solutions via its newest product BankFX. In a statement Kuwait Finance House says customers will be able to enjoy low-cost and simple cross-border transfers with 38 available currencies […]


NBK reports profit growth for first quarter of 2019

The National Bank of Kuwait (NBK) has announced its financial results for the first quarter of 2019. NBK reported a net profit of KD 107.7 million (US$ 354.1 million) which increased by 15.1% on the first quarter of 2018, with total assets increasing by 2.4% year on year to reach KD 27.4 billion (US$ 90.1 […]


Taking financial advice to the cloud

While banking has gone through some exciting changes in recent years, 2019 may just prove to be pivotal. Accenture believes this year is a potential tipping point for the industry and one key trend is the greater adoption of cloud and data analytics – which will enable retail banks to raise the bar on delivering […]


Microsoft holds ‘Banking Edition’ of CISO Executive Series for Kuwaiti FSI Professionals

Microsoft has held the ‘Banking Edition’ of its CISO Executive Series – a series for an elite set of top Chief Information Security Officers for Kuwait’s Finance sector professionals. The event, held at the JW Marriot, Kuwait City, was specifically tailored for the country’s banking industry to enable its professionals to overcome the rising challenges […]


Gulf Bank moves from paper to digital records with help of Alaris

Leading bank in Kuwait digitises 50 million documents using scanners from Alaris and expertise of Alaris’ partner Ashraf & Co Ltd. Alaris, a Kodak Alaris business, has announced that it has played a key role in Gulf Bank’s Digital Transformation. The bank has digitised 50 million documents using scanners from Alaris which has dramatically reduced […]


Kuwait Finance House adopts Blue-Prism’s robotic process automation solutions

Kuwait Finance House (KFH) has announced that it has adopted Robotic Process Automation solutions by Blue-Prism, built on Microsoft technologies. This makes KFH the region’s first company in the financial services industry (FSI) to implement a fully automated workflow system for retail credit and enables the organisation to empower its employees to better engage customers, […]


ECOH Conference discusses potential of Blockchain with support from NBK

The National Bank of Kuwait has sponsored the second annual ECOH Conference which held discussions about Blockchain technology and focused on the significance of this emerging technology and its growing use in business sectors. Organised by East Chain Co, the conference hosted professionals and entrepreneurs from around the world. Discussions explored the opportunities and possibilities […]


Commercial Bank of Kuwait launches virtual banking system powered by TrueConf

The Commercial Bank of Kuwait has deployed TrueConf’s video banking system to connect 68 remote bank branches with its headquarters and enable communication between customers and call centre agents. The traditional bank branch as we know it, with managers and tellers huddled in cubicles working on desktop computers, is due for change. The rise of […]


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