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Rise of Digital Banking and Payments in the Middle East

Rise of Digital Banking and Payments in the Middle East

The story of digital banking and payments in the Middle East is a rather interesting one. Although digital banking and payments in this region...
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bank muscat ooredoo mou business news oman

Bank Muscat, Ooredoo sign MoU for digitalisation of payments

Bank Muscat and telecom services provider Ooredoo have signed a Memorandum of Understanding (MoU) to digitalise Ooredoo’s payments and reconciliation. The MoU was signed...
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Bahrain’s Bank ABC launches digital, mobile-only retail bank ‘ila’

Bahrain-based Bank ABC (Arab Banking Corporation) entered the digital space with it's new mobile-only 'ila Bank'. This is latest in series of the bank's modernisation...
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Standard Chartered names regional CIO for Africa and Middle East, Islamic Banking

Mohamed Abdel-Hamid Abdel-Razek has been appointed as Standard Chartered's Regional Chief Information Officer (CIO) for Africa and Middle East (AME) and CIO for Islamic...
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singapore; digital bank; city

Singapore Expects New Digital Banks to Start by 2021

(Bloomberg) -- Singapore plans to award licenses for its new digital banking initiative by mid-2020, with successful applicants expected to start business a year later,...
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New Age Digital Banking Summit, Dubai, UAE

Since the dawn of the digital revolution, it has become abundantly clear that the survival of banks and fintechs depends on making smart technology...
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Dubai’s Limitless Seeks to Delay Debt Repayments for Third Time

(Bloomberg) -- Limitless LLC asked banks to delay debt repayments for a third time as an on-going slump in property prices weighs on the Dubai-based...
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Cathy Bessant; banking; bots

One Job in The Banking World Where There Aren’t Enough Men

(Bloomberg) -- Finance is a male-dominated realm. But there’s one corner where women are everywhere: the virtual world of digital assistants. Bank of America Corp....
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automated teller machines ATM;digital payments

Is This the Demise of ATMs?

(Bloomberg) -- In the wake of the economic crisis, Paul Volcker called automated teller machines the last financial innovation that improved society. A decade...
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Singapore Might Allow Digital-Only Banks

(Bloomberg) -- Singapore is discussing the possibility of allowing virtual banks to operate in the city-state, the Monetary Authority of Singapore said Tuesday. “MAS is...
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