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Banking news in the Middle East | Page 2

An overview of news, trends and research in the Banking industry in the Middle East:

SAMA and CMA select Deloitte for Fintech Saudi’s Makken program Saudi Arabia’s central bank (SAMA) and Capital Market Authority (CMA) have launched a new financial technology program called Makken to support and develop the fintech sector in the Kingdom.
27 December 2023
Commercial Bank of Dubai hires Accenture for tech-CX transformation The Commercial Bank of Dubai has selected Accenture as its consulting partner for a strategic technology transformation program.
15 December 2023
Iran and Saudi Arabia the world's largest Islamic finance markets The Gulf Cooperation Council nations play a significant role in Islamic financing.
01 December 2023
ICBC attack yet another wake-up call for MENA financial institutions On November 10, the world’s largest lender by assets, the Industrial and Commercial Bank of China (ICBC), announced that it had fallen victim to a cyber attack.
29 November 2023
Three quarters of top 20 banks in MENA have ESG strategies Banks in the Middle East and North Africa (MENA) are increasingly embracing ESG as a key mantra of doing business – but at the same time, they are struggling to put words into action.
13 November 2023
How Middle East financial services is embracing digital Over the past years, the Middle East’s financial services industry has been getting on with digitalisation – embracing the opportunity to adopt tech-enabled operating models and digital products of a
06 November 2023
An introduction to SAMA's minimum verification controls As Saudi Arabia’s financial services sector embraces digital innovation, the need to safeguard sensitive information and digital services from cyber risk has become paramount.
06 November 2023
The state of procurement in the UAE banking sector In its ‘Banking Procurement Study’, experts from Grant Thornton’s management consulting business outline the state of procurement practices within large UAE-based banks, shedding light on best practices
12 September 2023
GCC onshore asset management base to cross $500 billion by 2026 Around 70% of regional wealth in the Gulf Cooperation Council (GCC) countries is currently held in offshore accounts, though that may soon change.
06 September 2023
Emirates NBD looks to leverage the power of generative AI Emirates NBD, a leading bank in the MENA region, has announced a roadmap to adopt generative artificial intelligence (AI) tools.
04 September 2023
Commercial Bank of Dubai taps PwC for adoption of AI technologies The Commercial Bank of Dubai has selected PwC as its partner for the adoption of AI technologies across the organisation.
28 August 2023
Alvarez & Marsal delivers damning report on Lebanon's central bank A preliminary forensic report of Banque du Liban has painted a damning picture of Lebanon’s central bank, exposing a range of illegal and concerning practices that contributed to the nation’s dire fi
14 August 2023
Two major UAE banks select IBM Consulting for digital mandate IBM Consulting has been awarded two new mandates in the UAE’s banking landscape, with both Dubai Islamic Bank and First Abu Dhabi Bank selecting the firm as the lead delivery partner for a digital tr
14 July 2023
Strategy& leader Jorge Camarate on the financial services sector Jorge Camarate is a partner with Strategy& and the leader of the firm’s Financial Services practice in the Middle East.
14 July 2023
IBM and Mannai InfoTech deliver QNB digital banking upgrade IBM’s consulting and tech teams have delivered new architecture for Qatar National Bank’s digital banking platform, which the bank says has resulted in productivity gains and a seamless user experien
26 June 2023
Saudi Arabia’s banking sector set for further gains Following a boom last year, Saudi Arabia’s banking sector is set for further gains in the coming years, according to a forecast by Boston Consulting Group.
23 May 2023
The NextGen Banking Technology Summit is coming to Bahrain As part of its international tour, the NextGen Banking Technology Summit is coming to Bahrain, with dozens of leaders set to convene in Manama later this month to discuss the latest trends and develo
12 May 2023
Deloitte leaders reflect on Financial Crime Symposium in Dubai Senior leaders from the world of financial crime recently attended a symposium by Deloitte, gaining insight into the latest regulatory developments and emerging trends in the scene.
17 April 2023
UAE’s banking sector books strong performance and is robust in 2023 The UAE banking sector looks back at a strong 2022, with net profits up more than 25% on the year previous.
28 March 2023
‘FinTech the backbone of the Islamic banking growth story’ With Islamic banking and finance in high growth mode, the role of specialist Islamic FinTech players has become more critical than ever, writes Nitin Kanaujiya, an Engagement Manager at Cedar Managem
01 March 2023
Banking as a Service model to disrupt Middle East banking scene Driven by advances in technology, the world of banking is increasingly moving to new collaborative, cross-industry and shared models, with the so-called ‘banking as a service’ scene set to take off i
31 January 2023
FinTech solutions for regulatory compliance – beware of the risks In order to remain compliant to an ever-growing regulatory landscape, a growing number of financial institutions in the Middle East are turning fintech solutions.
18 January 2023
Emirates Development Bank taps CBRE for sale of former headquarters Emirates Development Bank has appointed CBRE as the exclusive selling agent of its former office headquarters in Abu Dhabi and Dubai.
07 December 2022
Banking CIOs and leaders convene in Muscat for technology summit Leaders from the Middle East’s banking scene are set to convene tomorrow in Muscat, which will play centre stage to the 2022 edition of the NextGen Banking and Technology Summit.
23 November 2022
KPMG delivers training to compliance officers of Bahraini banks Experts from KPMG have delivered a training program to compliance officers of Islamic banks in Bahrain.
23 November 2022
Dubai and Oman to host two major digital banking summits The Middle East is set to host two major financial services-focused conferences next month, with the Digital Banking & Payments Summit and NextGen Banking & Technology Summit taking place in Dubai an
17 October 2022
Payments-focused fintechs offer opportunities for banking The rise of new payment services and technology providers has been nothing short of disruptive, driven by an era of consumer centricity, and accelerated by the Covid-19 pandemic.
25 August 2022
Building a strategic procurement function in retail banking Retail banks globally are under increasing pressure to optimise their costs, across the entire value chain.
11 August 2022
First Abu Dhabi Bank selects IBM Consulting as digital partner First Abu Dhabi Bank has selected IBM Consulting as a partner for digital transformation services.
09 August 2022
The financial services sector is at the epicentre of ESG progress The movement towards a more sustainable and human-centric future continues to gain traction, and financial services institutions are not only at the epicentre of change – but also among its key drive
01 August 2022
The role of banks in financial literacy and savings consciousness In the wake of swift technological advancements, the continued growth of middle-class income and the role of social media, the world is witnessing a growing spending culture.
18 July 2022
ESG in the financial services sector: ‘Don’t be late to the party’ Financial services institutions globally and in the Middle East are expected to step up their ESG game.
06 July 2022

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