Visa has announced that its AI-based Visa Advanced Authorisation (VAA) has helped financial institutions prevent an estimated $25 billion in annual fraud.
Saudi Arabia banking sector continues to grow as digitisation increase: report
Saudi Arabia’s banking sector saw positive results in KPMG’s latest “Embracing digital report,” the audit tax and advisory services firm revealed.
Landmark Group completes first-ever dual-platform blockchain transaction with global bank
Landmark Group and HSBC have completed a first-of-its-kind transaction that connected two independently-built blockchain platforms.
Emirates NBD turns to SAS to oversee its digital transformation journey
SAS Analytics has partnered with Emirates NBD in an effort to help them execute its digital transformation vision. As part …
UAE’s Emirates NBD taps VR tech to bolster staff training capabilities
Emirates NBD has introduced a virtual reality (VR) Academy that enables the bank to provide a more intuitive and engaging learning experience for its employees.
Facebook set to launch its new cryptocurrency this month
Facebook is set to launch its new cryptocurrency later this month according to a report in The Information. The Information, …
Emirates NBD partners with AWS to build AI-enabled bank
Amazon Web Services (AWS), an Amazon.com company, announced today a collaboration with Emirates NBD to create a culture of innovation …
Digital payments are more secure than cash: UAE consumers
According to the survey, UAE consumers are increasingly comfortable paying and transacting with card with 84 percent of respondents finding cards more secure than cash.
Dubai digital bank Liv introduces new AI-powered chatbot
Liv., the lifestyle digital bank by Emirates NBD, has partnered with US-based Kasisto, the creators of the KAI Banking AI platform for finance to introduce Olivia, Liv.’s conversational AI-based chatbot.
Microsoft spotlights rising security challenges in Kuwait’s banking sector
Microsoft has recently held the ‘Banking Edition’ of its CISO Executive Series – an even tailored for the security leaders in Kuwait’s banking industry.
UAE highlights complexities in FinTech industry
UAE Banks Federation (UBF) and Abu Dhabi Global Market (ADGM) have hosted a joint forum on FinTech and crypto assets.
Global fintech investments reach $112 billion
Global financial technology (Fintech) funding rose to $111.8 billion in 2018, up 120 percent from $50.8 billion in 2017, according to the KPMG Pulse of Fintech report.
Kuwait-based bank digitises 50 million documents with Alaris
Alaris, a Kodak Alaris business, has announced that it has played a role in Gulf Bank’s digital transformation journey.
Saudi Arabia national payment system, Mastercard tie up for Apple Pay
Mastercard has collaborated with the national payment system of the Kingdom, mada, on the rollout of Apple Pay in the country.