Mastercard has signed a Memorandum of Understanding with du, from Emirates Integrated Telecommunications Company (EITC), to examine how the company’s pioneering NuDetect solution.
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.
UAE Banks Federation (UBF), in coordination with UBF IT Committee, has hosted a workshop dedicated to UBF member banks to address a new and innovative approach in combatting cheque fraud.
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.
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.
Kaspersky Lab has released details of a cyber-robberies that targeted banks and other financial organisations in Eastern Europe in 2017 and 2018.
The UAE and Saudi Arabia have started using fintech for cross-border settlements, including a digital currency which they jointly developed for that purpose.
The RAK Department of Finance have announced the launch of RAK SmartPay, an integrated e-payment system in the emirate.