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...…
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...…
Standard Chartered Completes First Euro-Denominated Cross-Border Transaction on Partior Blockchain Network
Standard Chartered has completed the first Euro-denominated cross-border transaction on the Partior blockchain network, becoming the first Euro settlement...…
Mastercard Accelerates Card Fraud Detection with Generative AI Technology
Mastercard has deployed generative AI technology to double the speed at which it detects potentially compromised payment cards, enhancing its Consumer Fraud...…
Temenos Launches the First Responsible Generative AI Solutions for Core Banking
Temenos has launched what it describes as the first responsible generative AI solutions designed specifically for core banking, integrating transparent and...…
Emirates NBD and Nium Join Forces to Transform Cross-Border Payments in the Middle East
Emirates NBD has partnered with Nium to enable real-time cross-border payments for its retail and corporate customers, marking one of the most significant...…