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Banking & Finance

Bahrain’s Ibdar Bank boosts productivity with Avaya

Ibdar Bank, a Bahrain-based wholesale Islamic Investment bank, has transformed its ICT infrastructure with Avaya, giving its workforce the capability to work from anywhere without compromising security. By replacing existing ICT solutions with Avaya’s networking and communications solutions, Ibdar Bank has substantially boosted productivity whilst significantly simplifying systems management. In collaboration with Fakhro Electronics, an […]


Latest research reaffirms importance of FINTECH across MENA

The latest research on digital use and e-commerce in the Middle East demonstrates that investment in technology and innovation in the financial services sector is now essential, according to the organisers of the largest financial technology event in the region. Chris Fountain, Managing Director of Turret Media, organisers of MEFTECH 2017, noted that the research […]


Al Rajhi Bank deploys Gemalto’s instant EMV solution

Gemalto, the provider of digital security, is supplying Al Rajhi Bank, a financial institution in Saudi Arabia, with its instant card issuance solution for the bank’s new generation of self-service kiosks. Gemalto’s technology enables secure replacement of EMV payment cards to be printed in a matter of minutes on-the-spot, offering customers the speed and convenience […]


MEFTECH: Sneak peak of what to expect with upcoming FINTECH exhibition

Some of the world’s freshest and fastest growing financial technology solutions are coming to the GCC to demonstrate how they could help revolutionise financial services in the MENA region. Six leading solutions covering hot topics such as organisational profitability & efficiency, meeting customer needs regardless of their location, understanding digital customer preferences and methods of […]


Mashreq to introduce early access to Samsung Pay

Mashreq, a UAE financial institution, has announced it will offer its customers early access to Samsung Pay – a mobile payment service that works as a contactless credit or debit card.  Mashreq debit and credit cardholders* (Visa/MasterCard) are now enabled to perform transactions at any merchant in an instant, convenient and secure manner, without the use of plastic […]


Financial malware attacks increased in Q4 2016

In the fourth quarter of 2016, the number of users that encountered malware capable of stealing money or valuable financial information reached 319,000, 22.49% more than in the same period in 2015. An increase in the number of attacks was spotted during the White Friday and the holiday period, according to Kaspersky Lab research. The […]


Etisalat to manage Union Insurance IT network infrastructure

Union Insurance has appointed Etisalat to manage its core IT network infrastructure, which will allow the company to focus on delivering insurance products to their customers in the UAE. As one of the early adopters of Etisalat’s Managed Telephony and Data Connectivity solutions, Union Insurance is now outsourcing the operations and management of their entire […]


Zurich International Life deploys Kodak Alaris scanners

As part of the company’s automation and digitisation efforts, Zurich International Life made the decision to upgrade its document capture capabilities, starting with the deployment of ten Kodak i3400 Scanners from Kodak Alaris. The scanners are purpose-built to deliver consistent throughput and minimise downtime. Ramesh Ramakrishnan, Head of IT, Middle East at Zurich International Life […]


Blurred lines between state sponsored & ‘commercial’ cybercrime

Following a hack of its Central Bank, Russia is believed to have lost $31 million, which is an amount less than the hackers initially targeted, according to media reports on December 2, 2016. Harshul Joshi, Senior Vice President of Cyber Governance, Risk and Compliance at DarkMatter, gives an anlysis of the methodologies. In echoes of the SWIFT […]


New survey reveals biggest cyber security threats and risks to financial sector

The financial services industry is under a barrage of ransomware and spearphishing attacks, according to a new survey conducted by the SANS Institute, gauging the state of risk and security in the financial sector. For the first time, ransomware, identified by 55% of respondents, has eclipsed spearphishing (50%) as the top attack vector. Such attacks […]


PwC Middle East targets CRM market with NSI acquisition

PwC has announced that it has entered into an agreement to acquire NSI DMCC, an industry-pioneering technology consulting firm headquartered in Dubai. The acquisition of NSI will complement PwC’s digital transformation capabilities and enhance its ability to deliver innovative solutions across all channels, platforms and devices. The acquisition further enhances PwC Middle East’s ability to […]


DarkMatter to partner at upcoming World Islamic Banking Conference

DarkMatter, an international cyber security firm headquartered in the UAE, announces its participation at the forthcoming World Islamic Banking Conference (WIBC) 2016, taking place between 5 – 7 December, 2016 at the ART Rotana Hotel, Amwaj Islands, Manama, Bahrain. DarkMatter is the Cyber Security Innovation Partner to the event. Celebrating its 23rd year of existence, […]


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