With the increasing number and frequency of sophisticated attacks on the banking sector in the region, the need to develop a comprehensive cybersecurity programme is now more pertinent than ever.
Education, Government
Preparing young Emiratis in AI is vital for UAE’s future, says minister
Omar Sultan Al Olama, UAE’s Minister of State for Artificial Intelligence, member of the Board of Trustees of Dubai Future Foundation and deputy managing Director, has revealed a new initiative that aims to equip the next generation of Emiratis with leadership skills.0 4187
First Abu Dhabi Bank rolls out AI-powered analytics portal
First Abu Dhabi Bank (FAB) has launched a new portal powered by Artificial Intelligence (AI) and machine learning tools to deliver advanced analytics to merchants.
Dubai bank warns residents of VAT phishing email
Dubai’s Emirates NBD has warned customers to beware of a new phishing email scam which claims to offer VAT refunds.
Abu Dhabi accelerates services with new digital payment platform
The Abu Dhabi Smart Solutions and Services Authority (ADSSSA) formally launched its ‘Abu Dhabi Government Digital Payment platform’ (ADPay).
Kuwait to fuel digital innovation market to reach more than $980 million
Kuwait, as part of its nationwide digital roadmap ‘New Kuwait 2035’, aims to drive the country’s digital innovation market to nearly $988.88 million this year.
UAE bank first globally to offer contactless, QR payments
Mashreq Bank and Mastercard has partnered to launch Masterpass QR, a safe and secure Quick Response (QR) mobile payments solution, accessible via the bank’s mobile application, Snapp.
UAE bank unveils region’s first sound-based payment tech
First Abu Dhabi Bank (FAB has launched a new sound-based payment system through its digital wallet payit.
UAE’s Emirates NBD set to launch services via chat app
Emirates NBD has announced that it will soon launch customised banking services via WhatsApp in the UAE.
RAKBANK enables seamless cash remittance via blockchain network
RANKBANK has signed an agreement with Sri Lanka’s Cargills Bank to leverage Ripple to enhance its financial services.
Middle East finance firms plan more fintech tie-ups in coming years: study
FinTech is increasingly impacting the financial services sector with 82 percent of financial services companies plan to increase fintech partnerships in the coming three to five years.