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Banking & Finance

Mobile payment app introduced in Iraq with ‘Taif eWallet’

Ideal Payments announced it has partnered with Taif Money Transfer, the Iraqi money transfer service, to roll out Taif eWallet, Iraq’s first mobile payment app. The app enables customers to make and receive payments using their mobile phones. “We are delighted to be one step closer to our vision of digitalising payments in Iraq and serve […]

UOB announces digital card issuance and contactless ATMs

United Overseas Bank (Limited) has launched (what it claims as) two market firsts that leverage contactless mobile payment technology for its customers’ convenience. Instant digital credit card issuance UOB cardmembers will be the first in the world to enjoy instant digital credit card issuance through their smartphones. Existing UOB credit cardholders will be able to apply […]

Barclays & Wave complete first blockchain trade finance transaction

Barclays and innovative start-up company Wave have become the first organisations to execute a global trade transaction using blockchain technology. The letter of credit transaction between Ornua (formerly the Irish Dairy Board) and Seychelles Trading Company is the first to have trade documentation handled on the new Wave platform, with funds sent via Swift. It […]

Middle East banking innovation summit held in Dubai

The new age innovations in banking and the factors that are shaping the banking technology landscape in the region were brought to the fore at the Middle East Banking Innovation Summit that was held on 5-6 September at Palazzo Versace, Dubai. Organised by global conference producers, Expotrade Middle East, the summit witnessed over 20 speakers […]

IDC reveals new state of technology in Financial Services industry

IDC hosted its annual Fintech Innovation Summit at the Sheraton Imperial hotel on September 7th 2016. Titled ‘The New Collaboration-Based Landscape for Financial Services’, this summit explored the opportunities and threats of today’s increasingly open ecosystems for technological and business partnerships. The convergence of innovation and multi-disciplinary partnerships across industries has created an unprecedented impetus […]

Financial attacks grow by 16% in Q2 2016, reports Kaspersky

Financial malware is evolving through collaboration between malware creators, according to the results of Kaspersky Lab’s IT threat evolution Report for Q2. During the quarter Kaspersky Lab products blocked 1,132,031 financial malware attacks on users, a rise of 15.6% compared to the previous quarter. One of the reasons for the rise is the collaboration between […]

Canon assists financial businesses with cheque scanner range

Canon Middle East has launched four new imageFORMULA cheque scanners, the CR-190i II and CR190i II UV, and the CR-135i II and CR-135 II UV. These high performance devices extend Canon’s cheque scanner range and provide a wider choice for banks, retailers and financial institutions looking for greater speed, reliability and security.  The CR-190i II […]

Banque Saudi Fransi partners with Kaspersky Lab for mobile banking

Banque Saudi Fransi, a provider of commercial banking and wealth management services in the Kingdom of Saudi Arabia, has agreed a partnership with global cyber security company Kaspersky Lab, to provide better protection to their online and mobile banking users and to raise the level of security awareness among its clients. In line with its […]

Burgan Bank goes live on ICS BANKS from ICSFS

Burgan Bank has successfully gone live on ICS BANKS, the banking software from ICS Financial Systems (ICSFS). Burgan Bank implemented ICS BANKS Universal banking solution in its Head Quarter and across the bank’s branches and operations,in Kuwait, where a successful seamless cutover and go-live was completed over the weekend of 5th – 7th May, 2016. Capitalising […]

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 […]

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