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.
Dubai digital bank launches new service to secure smartphones
UAE mobile phone owners can now enjoy complete protection for their devices with a new mobile insurance plan from Liv., the lifestyle digital bank by Emirates NBD.
Apple Pay goes live in Saudi Arabia
Visa cardholders in Saudi Arabia can now make easy, quick and secure purchases using their iPhone and Apple Watch in stores that accept contactless payments.
Apple co-founder to discuss FinTech revolution in Bahrain
Global tech innovator and Apple Computers co-founder Steve Wozniak will share his thoughts and predictions on the current and future state of the global financial technology industry at the upcoming Fintastic Bahrain Week.
UAE’s Mall of the Emirates rolls out WeChat Pay
UAE’s Mall of the Emirates has reportedly announced that its retailers are now accepting purchases via WeChat Pay, making it easy and convenient for Chinese visitors to make cashless transactions at the mall.
Dubai royal backs European crypto fund
SEED Group, a Dubai firm led by a royal family member Sheikh Saeed bin Ahmed Al Maktoum, is reportedly backing a Liechtenstein-based crypto fund.
Oman bank introduces biometric features for mobile services
Sohar International has recently integrated biometric authentication technology into its mobile banking services.
Abu Dhabi bank expands network of tech-powered branches
Abu Dhabi Islamic Bank (ADIB) has expanded its network of ADIB Express branches, following a strong reception from customers, opening two new locations in the UAE.