Kuwait, as part of its nationwide digital roadmap ‘New Kuwait 2035’, aims to drive the country’s digital innovation market to nearly $988.88 million this year.
Education, Government
Preparing young Emiratis in AI is vital for UAE’s future, says minister
Omar Sultan Al Olama, UAE’s Minister of State for Artificial Intelligence, member of the Board of Trustees of Dubai Future Foundation and deputy managing Director, has revealed a new initiative that aims to equip the next generation of Emiratis with leadership skills.0 3559
UAE bank first globally to offer contactless, QR payments
Mashreq Bank and Mastercard has partnered to launch Masterpass QR, a safe and secure Quick Response (QR) mobile payments solution, accessible via the bank’s mobile application, Snapp.
UAE bank unveils region’s first sound-based payment tech
First Abu Dhabi Bank (FAB has launched a new sound-based payment system through its digital wallet payit.
UAE’s Emirates NBD set to launch services via chat app
Emirates NBD has announced that it will soon launch customised banking services via WhatsApp in the UAE.
RAKBANK enables seamless cash remittance via blockchain network
RANKBANK has signed an agreement with Sri Lanka’s Cargills Bank to leverage Ripple to enhance its financial services.
Middle East finance firms plan more fintech tie-ups in coming years: study
FinTech is increasingly impacting the financial services sector with 82 percent of financial services companies plan to increase fintech partnerships in the coming three to five years.
Dubai-based bank teams up with PwC to foster digital innovation
Commercial Bank of Dubai, (CBD) and PwC Middle East have signed an agreement to foster innovation in the country.
Ripple effect: Saudi bank joins blockchain-powered payment network
Blockchain-powered global payment network Ripple has announced their partnership with Saudi Arabia’s National Commercial Bank (NCB), a banking firm worth $120 billion.
Saudi Arabia’s SABB joins global blockchain consortium
The Saudi British Bank (SABB) has joined enterprise software firm R3’s global blockchain ecosystem.
AI to detect mobile banking fraud in seconds
Microsoft has developed a solution using artificial intelligence (AI) that can identify fraudulent mobile banking transactions in less than two seconds.