Kuwait's Boubyan Bank Taps Temenos to Modernise Core Banking Systems
Boubyan Bank, Kuwait's second-largest Islamic bank, has selected Temenos to modernise its retail, corporate, and private banking platforms, replacing legacy...
AI & Cloud
JPMorgan Chase Rolls Out LLM Suite to 200,000 Employees
JPMorgan Chase has deployed its proprietary generative AI platform, LLM Suite, to more than 200,000 employees globally, making it one of the largest...
Riyad Bank Introduces First AI Center in Saudi Banking Industry
Riyad Bank has launched the Centre of Intelligence, marking the first dedicated artificial intelligence centre established within the Saudi banking sector.
UAE AI Office, Mastercard, and FAB Launch Joint AI Challenge
The UAE Artificial Intelligence Office, Mastercard, and First Abu Dhabi Bank have launched a joint AI challenge aimed at discovering innovative artificial...
Mashreq Awards Oracle Global Banking Licence to Power International Expansion
Mashreq Bank has awarded Oracle Financial Services a worldwide licence to modernise its core banking infrastructure across all international markets, in one...
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...
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...
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.
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...
FAB and Microsoft Announce Landmark Strategic Partnership to Develop AI-Based Banking Capabilities
First Abu Dhabi Bank has signed a strategic partnership with Microsoft to establish an AI Innovation Hub, a joint initiative aimed at developing artificial...
Kuwait Finance House Cuts Risk Processing Time by 96% with Microsoft AI Solutions
Kuwait Finance House has achieved a 96% reduction in credit risk processing time after developing an in-house AI engine called RiskGPT, built on Microsoft...