Saudi-based bank Alawwal has partnered with leading global tech firm Reaktor to train its entire workforce on the basics of artificial intelligence (AI).
UAE bank rolls out cardless cash withdrawal feature
Emirates Islamic has introduced Cardless Cash Withdrawal – a unique feature available on the Bank’s Mobile Banking App.
Dubai, UK to foster collaboration between FinTech ecosystems
Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Innovate Finance, an independent membership association that is at the heart of the UK’s FinTech ecosystem.
Emirates NBD supports smart payments and active lifestyle with new service
As wearable payment solutions gain popularity in the UAE, Emirates NBD has announced its support of Fitbit Pay and Garmin Pay, making it the first bank in the Middle East to offer this service.
Abu Dhabi-based Islamic bank completes data warehouse project
Al Hilal Bank has announced the completion of its Data Transformation Programme, as part of the its strategy to enable digital evolution throughout its entire chain of operations.
UAE payments card operator to support Google Pay
Network International, a payment solutions provider in the Middle East and Africa, has announced that its merchant partner outlets will accept Google Pay.
UAE Exchange, Ripple to begin blockchain payments next year
United Arab Emirates-based UAE Exchange and US startup Ripple plan to launch cross-border remittances to Asia via blockchain by the first quarter of 2019, UAE Exchange’s group CEO said in an interview with Reuters.
Digital currency to speed up UAE-Saudi Arabia cross-border transactions
The UAE and Saudi Arabia have started using fintech for cross-border settlements, including a digital currency which they jointly developed for that purpose.
UAE-based bank transforms workplace with Microsoft
Mashreq Bank has concluded the latest phase of its digital transformation initiative, in which it adopted Microsoft’s modern workplace solutions, to further engage customers, empower employees, optimise operations and reinvent products and services.
Robo-advisory firm first to graduate from Dubai’s regulatory sandbox
Robo-advisory firm, Sarwa, has become the first participant to graduate from Dubai Financial Services Authority’s regulatory sandbox following nearly 12 months of testing.
Ras Al Khaimah introduces a new smart way to pay
The RAK Department of Finance have announced the launch of RAK SmartPay, an integrated e-payment system in the emirate.
UAE residents trust tech companies more than banks: study
A majority of UAE residents are willing to get banking services from an established technology company, according to a recent study.
Saudi Arabia’s ICD eyes blockchain tech for Islamic banks
The Islamic Corporation for the Development of the Private Sector (ICD) plans to introduce a blockchain-based product to help Islamic banks manage their liquidity needs.
Finablr acquires digital payments firm TimesofMoney
Finablr, a global platform for Payments and Foreign Exchange solutions, has announced the acquisition of TimesofMoney, a digital payments solutions provider, from Network International.