Global Banking Monitor (Page 56)

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Kuwait Launches WAMD Instant Payment System, Onboarding 30% of Banked Population Within Three Months

Payments & Fintech

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

Payments & Fintech

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

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

Digital Banking

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

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

Payments & Fintech

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

Payments & Fintech

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

Digital Banking

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

Digital Banking

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

Payments & Fintech

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

Payments & Fintech

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

Payments & Fintech

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...…