Saudi-based bank Alawwal has partnered with leading global tech firm Reaktor to train its entire workforce on the basics of artificial intelligence (AI).
Emirates Islamic has introduced Cardless Cash Withdrawal – a unique feature available on the Bank’s Mobile Banking App.
Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Innovate Finance, an independent membership association that is at the heart of the UK’s FinTech ecosystem.
As wearable payment solutions gain popularity in the UAE, Emirates NBD has announced its support of Fitbit Pay and Garmin Pay, making it the first bank in the Middle East to offer this service.
Al Hilal Bank has announced the completion of its Data Transformation Programme, as part of the its strategy to enable digital evolution throughout its entire chain of operations.
Network International, a payment solutions provider in the Middle East and Africa, has announced that its merchant partner outlets will accept Google Pay.
United Arab Emirates-based UAE Exchange and US startup Ripple plan to launch cross-border remittances to Asia via blockchain by the first quarter of 2019, UAE Exchange’s group CEO said in an interview with Reuters.
The UAE and Saudi Arabia have started using fintech for cross-border settlements, including a digital currency which they jointly developed for that purpose.
Mashreq Bank has concluded the latest phase of its digital transformation initiative, in which it adopted Microsoft’s modern workplace solutions, to further engage customers, empower employees, optimise operations and reinvent products and services.
Robo-advisory firm, Sarwa, has become the first participant to graduate from Dubai Financial Services Authority’s regulatory sandbox following nearly 12 months of testing.
The RAK Department of Finance have announced the launch of RAK SmartPay, an integrated e-payment system in the emirate.
A majority of UAE residents are willing to get banking services from an established technology company, according to a recent study.
The Islamic Corporation for the Development of the Private Sector (ICD) plans to introduce a blockchain-based product to help Islamic banks manage their liquidity needs.
Finablr, a global platform for Payments and Foreign Exchange solutions, has announced the acquisition of TimesofMoney, a digital payments solutions provider, from Network International.