FAB Bolsters CLM Operations with Fenergo for Digital Client Onboarding
First Abu Dhabi Bank has integrated Fenergo's SaaS Client Lifecycle Management platform to accelerate client onboarding and strengthen its anti-money...…
Pete Sadler
Add Value Machine and ADCB Successfully Conclude UAE's First-Ever Generative AI Hackathon
Abu Dhabi Commercial Bank has partnered with Add Value Machine and Amazon Web Services to host the UAE's first generative AI hackathon in the banking sector.…
Kuwait Launches WAMD Instant Payment System, Onboarding 30% of Banked Population Within Three Months
Kuwait has launched WAMD, the country's first real-time instant payment system, onboarding approximately 30% of the banked population within three months of...…
Citi and Emirates NBD Launch 24/7 USD Cross-Border Payments
Emirates NBD has become the first bank to use Citi's 24/7 USD Clearing service, enabling round-the-clock cross-border US dollar payments from the Middle East.…
Add Value Machine and ADCB Successfully Conclude UAE's First-Ever Generative AI Hackathon in the Banking Sector
Abu Dhabi Commercial Bank (ADCB) and Add Value Machine (AVM) have successfully…
Digital Bank Monzo Posts First Full Year of Profit
Monzo has reported its first full year of profitability, posting a pre-tax profit of 15.4 million pounds for the 2023-2024 financial year after more than...…
Ooredoo Announces Walletii Digital Wallet for Oman, Including Cross-Border Remittance
Ooredoo Fintech International has announced walletii, a digital wallet and mobile financial services app for the Omani market, featuring cross-border...…
HSBC and Geidea Launch Omni Collect E-Commerce Payment Solution in the UAE
HSBC UAE has partnered with Saudi fintech Geidea to launch Omni Collect, an e-commerce payment solution designed for businesses operating in the Emirates.…
Bank Muscat and Meethaq Showcase Digital Banking Innovations
Bank Muscat and its Islamic banking window Meethaq have showcased their latest digital banking innovations at the COMEX 2024 technology exhibition in Oman.…
Wio Bank Achieves Profitability in First Full Year
UAE-based digital bank Wio has reported profitability in its first full year of operations, posting revenue of AED 266.4 million and marking a rapid...…
Ooredoo Debuts "walletii" - A Comprehensive Digital Finance and Remittance App in Oman
Ooredoo Fintech International has launched walletii in Oman, a mobile money application offering digital wallet services, domestic and international...…
Mastercard Partners with The BENEFIT Company to Drive Payment Innovation and Financial Inclusion in Bahrain
Mastercard and The BENEFIT Company, Bahrain's national payments infrastructure operator, have signed a memorandum of understanding to co-develop digital...…