Banking

Coreless banking provider XYB to modernise core banking with IBM 

XYB,  the leading Coreless Banking Platform business, has announced its plans to help banks modernise their core systems. XYB is working with global tech leader IBM to provide technologies and consulting expertise that can help financial services...

Crypto.com receives payment service provider licence from Central Bank of Bahrain 

Crypto.com has received full approval to provide payment service provider (PSP) services from the Central Bank of Bahrain through its subsidiary registered in the Kingdom of Bahrain under the commercial name “FORIS GFS BH B.S.C. CLOSED”, adding to the com...

Kuwait’s Boubyan Bank selects Temenos to modernise retail, corporate and private banking platform

Temenos has announced that Boubyan Bank, the second largest Islamic bank in Kuwait, has selected Temenos to modernise its core banking systems. The bank is migrating to Temenos’ core banking platform for Retail, Corporate Banking and Wealth Management to e...

Bank of America recognised globally for digital leadership and commitment to innovation

This year, Bank of America has been recognised by many of the most influential industry groups and global banking award organisations around the world for its digital leadership. As the company continues to see record growth in digital engagement among...

Schwab survey shows bullishness among traders reaches highest level in two years

Traders are feeling better about the markets than they have any time in the past two years with 56% reporting a bullish outlook for the next three months, up ten points from the second quarter. This is according to the latest Charles Schwab Trader Sentiment...

The world is introduced to PayPal Everywhere

PayPal has ushered in a new era for customers, making it easier and more rewarding than ever to shop and pay with PayPal anywhere, anytime – both in stores and online. Now, customers have access to rich rewards, stackable cash back offers in the PayPal app, a...

Revolut doubles down on business accounts and launches Revolut BillPay as global annualised revenues surpass US$500 million

Revolut, the global FinTech with more than 45 million customers worldwide, has announced it is doubling down on business accounts as global annualised revenues of its business-to-business (B2B) offering, Revolut Business, have surpassed US$500mn. Globally,...

Five things banks should know about their evolving customer preferences to stay competitive in 2024

Recently, FinTech in the Middle East and North Africa has experienced notable changes due to advancements in technology and shifts in consumer habits. Making it more important than ever for banks in the region to grasp and meet the evolving preferences of...

Driving growth in Saudi Arabia’s digital payment landscape

Network International is making bold strides into Saudi Arabia, driven by ambitious goals and a vision for the future. In an exclusive insight, Al-Dahmash, Managing Director for KSA at Network International, reveals the company’s dynamic strategy, unique m...

Digital lending offers GCC Banks effective inroads into the vital SME segment

Sara Hoteit, Regional Manager, Middle East at Backbase, explores how digital lending empowers GCC banks to capture the SME market by offering personalised, efficient financial solutions, driving growth and fostering long-term relationships.  The ...

How the EU AI Act will impact financial institutions

The EU AI Act, which came into force on 1 August 2024, is a significant legislative development for financial institutions (FIs). With provisions starting to apply over a period of six to 36 months, most of the Act’s rules will be enforceable after two y...

Off the Books: Chirag Shah, Founder and CEO of Nucleus Commercial Finance

In this interview, Chirag Shah, Founder and CEO of Nucleus Commercial Finance, discusses his journey from investment banking to establishing Nucleus, sharing his insights on alternative finance for UK SMEs and the innovative strategies driving Nucleus’s s...