The bank had announced a AED500 million investment in digital banking initiatives last year, but the management has increased investments to spearhead its vision to become the region’s leader in digital banking.
News, Telecoms
Oman’s Ooredoo connects 77,000 homes with ‘super fast’ fibre broadband
Oman-based telecom provider Ooredoo has provided 77,000 homes across the Muscat region with super fast fibre home broadband from the existing fast home broadband. 0 5537
IBM unveils new encryption technology to limit data breaches
The new system introduces a breakthrough encryption engine that, for the first time, makes it possible to pervasively encrypt data associated with any application, cloud service or database all the time.
Google redesigns mobile app, launches personalised ‘Feed’
Google has announced it is revamping its mobile app to include a personalised feed of links about hobbies, travel, sports and other topics – a move that puts the search company into more direct competition with social networks such as Facebook.
Salesforce delivers Einstein AI to onsite, mobile employees
Salesforce has introduced Einstein AI and Analytics for Field Service Lightning, empowering companies to deliver a smarter onsite customer experience.
United Nations selects Dubai as data hub for MENASA region
As a result, Dubai is now in a direct position to inform and drive progress towards the UN 2030 Agenda for Sustainable Development.
Infor launches industry-specific AI platform, Coleman
Operating below an application’s surface, Coleman mines data and uses powerful machine learning to improve processes such as inventory management, transportation routing, and predictive maintenance.
IoT solutions market in GCC set to hit $11bn by 2025: report
By 2025, The IoT solutions market in the region will be worth US$ 11 billion, generating potential value for the economy of nearly US$ 160 billion (AED 587.68 billion), implying that every dollar spent on IoT solutions could produce nearly US$ 14.50 in economic value.
UAE-based startup Yalla Pickup secures AED 1 million funding
Catering to both businesses and individual customers, Yalla Pickup allows both smartphone and web users to transport large-sized valuable goods by booking the nearest truck from the convenience of office or home.
Amazon reportedly working on mobile messaging app ‘Anytime’
Anytime by Amazon seems to be an all-in-one feature rich messaging service, including voice and video calls, as well as photo sharing with filters for “special effects and masks.”
RTA enables Nol card payments in over 1000 retail outlets
“Users of nol card in Dubai are now able to make quick and easy payments for purchases using their existing cards at POS terminals located at leading retailers across Dubai where the nol cardholders simply tap the card on the terminal, similar to how they access the transit system,” confirmed Abdulla Al Madani, CEO of RTA’s Corporate Technology Support Services Sector.