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Banking & Finance

HID Global acquires DemoTeller to broaden payment cards portfolio

HID Global, a worldwide provider of secure identity solutions, has announced that it has acquired DemoTeller, a provider of instant issuance solutions for the financial market.  With this acquisition, HID Global is now able to address the needs of financial institutions and retailers for instant issuance of personalised financial or payment cards, such as a […]

Epicor affirms acquisition by global investment firm KKR

Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, recently announced that it has entered into a definitive agreement to be acquired by the global investment firm KKR from funds advised by Apax Partners. Financial terms of the transaction were not disclosed. Epicor provides industry-specific solutions to customers in the […]

Doha Bank launches revamped mobile banking app

Taking a further step forward in its digital transformation plan, Doha Bank has introduced a number of new features to its mobile banking application to offer an seamless and convenient digital banking experience to its customers. The enhanced app has been launched just weeks after Doha Bank introduced biometric security for mobile banking. The improved […]

Solving compliance challenges in the banking and finance sector

Chief Information Officers (CIOs) and Compliance Officers in the financial sector have a tough job. Whether they work in banking, insurance or capital markets, these employees are tasked with ensuring their companies comply with regulatory requirements and internal policies. With scrutiny intensifying, fines and other penalties on the rise, companies are making their compliance departments […]

FinTech set to transform financial services in Saudi Arabia

The Kingdom of Saudi Arabia’s financial sector is likely to encounter significant disruption from new financial technologies in the coming years, but could emerge stronger and more streamlined, according to experts gathering for the Euromoney Saudi Arabia Conference this May. Financial technology – or “FinTech” – is generating huge opportunities for banks, investors and new […]

BBVA signs global strategic collaboration with Red Hat

BBVA announced a global strategic collaboration with Red Hat aimed at helping accelerate BBVA’s global transformation and technology-driven innovation processes. The agreement, which turns Red Hat into a priority partner for BBVA, is part of a series of alliances that BBVA is aiming to forge with strategic partners. Red Hat President and CEO, Jim Whitehurst […]

The future of payments showcased at Cards & Payments Middle East 2016

Cards & Payments Middle East opened its doors at the World Trade Centre in Dubai, where regional and international experts discussed the future of payments in the region. The 17th edition of the event took place on 31 May – 1 June 2016. Inaugurated by H.E. Sami Al Qamzi, Director General, Dubai Department of Economic […]

Gartner says digital banking demands new technologies and vendors

Banks face intense pressure to increase efficiencies and reduce costs while delivering next-generation digital services; however, incumbent application vendors have been slow to respond to new requirements, according to a new report from Gartner. Gartner predicts that by the end of 2019, 25% of retail banks will use start-up providers to replace legacy online and […]

Oman Arab Bank chooses SmartVista to boost its card business

BPC Banking Technologies has announced that Oman Arab Bank (OAB) has selected SmartVista suite to enhance its payment business. SmartVista is to replace the existing legacy ACI Open2 platform to enable the bank to meet its objective of having a modern and flexible platform to continue to adapt to the changing retail banking market. Following […]

Insight from DarkMatter on how to deal quickly with the SWIFT threat

A recent attack against the SWIFT international financial transaction system has focused attention on the potential cascading threat of an interconnected yet not fully integrated system.

RAKBANK chooses Gemalto to support contactless EMV payments in the UAE

Gemalto has been chosen by RAKBANK to support its migration to contactless EMV payments to benefit from this system’s speed, convenience and security. Gemalto is supplying RAKBANK with its dual interface cards, which will be personalised by the Bank using the already implemented Gemalto Dexxis issuance system. RAKBANK is initially deploying the cards for the […]

Middle East banks hit by wave of targeted attacks

FireEye has recently revealed a wave of cyberattacks against banks in the Middle East. FireEye’s Dynamic Threat Intelligence (DTI) identified emails containing malicious attachments being sent to multiple banks in the region. The threat actors appear to be performing initial reconnaissance against would-be targets and were detected since they were using unique scripts not commonly […]

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