Bahrain Mandates Digital Payment Acceptance for All Commercial Establishments
Bahrain's Ministry of Industry and Commerce has issued Resolution No.
Nubank Acquires AI-for-Banks Startup Hyperplane to Accelerate AI-First Strategy
Brazilian digital bank Nubank has acquired Hyperplane, a Silicon Valley-based AI startup specialising in machine learning for financial services, as part of...
Liv Launches Game On Deposit, a Gamified Fixed Deposit Account
Liv, the digital banking platform operated by Emirates NBD, has launched Game On Deposit, a gamified fixed deposit product that ties interest rate bonuses...
Mashreq to Roll Out Oracle Flexcube Core Banking System Across Global Operations
Mashreq has extended its relationship with Oracle Financial Services to roll out the Oracle Flexcube core banking system across its global operations,...
ADIB Implements AI Technology from Silent Eight for Financial Crime Screening
Abu Dhabi Islamic Bank has deployed Silent Eight's AI platform to automate the alert screening investigation process within its financial crime compliance...
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...
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.
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...
Cloud Maturity in Banking: From Migration to Optimisation
Most banks have migrated to the cloud - but few have optimised. How the industry is shifting focus from lift-and-shift to cost control, resilience, and cloud-native operations.
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...