Banking and finance security innovations in the UAE is set to drive the GCC’s cybersecurity market to $8 billion in 2018 as organisations optimise emerging technologies such as facial recognition. iris scans and crypto currency.
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 3897
Egypt accounts for 3.97M of global ransomware threats: study
Egypt continues to face a growing threat from cyber-attacks with malware detections in Q1 of 2018 reaching 253,995, the second highest figure in the North African region.
Dell EMC pledges to enable Lebanese firms meet the pace of digital change
Dell EMC has recently hosted its Digital Transformation Conference 2018 at the Four Seasons Hotel in Beirut, Lebanon.
UAE-based bank rolls out region’s first digital kiosk
Emirates NBD has partnered with Diebold Nixdorf to soon launch Emirates NBD EasyHub, the region’s first integrated digital kiosk that will allow customers to sign up for new products and access a variety of teller services, functioning like a mini-branch that is open beyond normal banking hours and all days of the week.
RAKBANK enhances customer service with AI
RAKBANK has recently introduced a cognitive chatbot that allows bank employees to interact with an AI-powered IBM platform to help them answer questions, find solutions or quickly route pending requests to human advisors.
Invest Easy links ePayment cards in Oman
Invest Easy portal launched the electronic link with the OmanNet ePayment Gateway for Omani bank cards supported by the Central Bank of Oman and electronic payment gateway Cyber Source for non-Omani bank credit cards, the Times of Oman reported.
UAE digital bank plans to expand in other regional markets
Liv., the lifestyle digital bank by Emirates NBD for millennials has completed its first successful year of operations.
Region’s first Shariah-compliant digital bank launches in Bahrain
The bank offers a 24/7/365 service model on its innovative mobile app and web banking portal allowing customers to open and manage their accounts, conducting everyday transactions through its online channel, supported by services such as video contact centre, e-mail, web chat and social media.
Banks don’t want to be left behind in blockchain revolution: experts
Blockchain technology brings huge potential for banking behemoths to reduce costs while ensuring that their customers benefit from quicker and cheaper services.
Four billion people will be at risk to cyber-attacks by 2020
The annual cost of damages caused by cybercrimes is expected to reach $6 trillion by 2021, according to a recent industry report.