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Banking news in the Middle East | Page 2
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Abu Dhabi Global Market partners with OCO Global for US FDI
OCO global is set to help US-based businesses invest in Abu Dhabi Global Market (ADGM) – an international financial centre home to nearly 3,000 global businesses and $85 billion in assets under manag
19 March 2021
Seven essentials to digital transformation in banking
Digitalisation is top of the agenda for banks across the world, although implementing a successful transformation has its challenges.
09 March 2021
PwC's Experience Centre hosts region's top FinTech start-ups
A cohort of eleven start-ups has graduated from a FinTech bootcamp, with the grand finale hosted at PwC’s Dubai based Experience Centre.
03 March 2021
Open banking can transform payments scene in Saudi Arabia
With open banking going into effect next year in Saudi Arabia, incumbent banks may lose their tight control of customer data and their near monopoly over payment services.
25 February 2021
KPMG leaders on Saudi's Q3 banking sector performance
KPMG Saudi banks has released the third quarter edition of its ‘Banking Pulse’, a quarterly study that sheds lights on the key trends and financial developments in the Kingdom’s banking industry.
14 December 2020
Top US consultancy withdraws from 'crucial' central bank work
Alvarez & Marsal has exited its role as consultant to Lebanon’s central bank, after a sustained standoff saw the financial institution withhold data citing bank secrecy.
26 November 2020
Eight technology trends that will disrupt the banking industry
Technology is rapidly transforming the way how banks operate and how they serve their customers, and becoming a key enabler of competitive edge.
19 November 2020
A&M, KPMG and Oliver Wyman start work at Banque du Liban
Two months after announcing the deal, consultants and auditors from Alvarez & Marsal, KPMG and Oliver Wyman have finally hit the ground running in Beirut.
19 October 2020
How banks and insurers in Saudi Arabia are faring during Covid
While Covid-19 has understandably had a significant impact on Saudi Arabia’s financial services industry, the banking and insurance sectors have proven resilient this year.
07 October 2020
Lebanon's FFA Private Bank teams up with Ankura
FFA Private Bank, a Lebanese bank specialised in capital markets and wealth management, has teamed up with global management consultancy Ankura to launch a new offering for the country’s banking indu
11 August 2020
Lebanon calls in trio of leading management consulting firms
The Lebanese government has hired a trio of leading management consulting firms to audit the country’s embattled central bank.
22 July 2020
One fifth of Middle East bank holders now use FinTech solutions
A Deloitte survey across nine key markets in the Middle East has found that despite a growing willingness to adopt FinTech solutions, only just over 20% of banking services customers currently use Fi
08 July 2020
Women in the Middle East will soon hold $1 trillion in wealth
Women in countries across the Middle East are getting wealthier.
16 June 2020
Restructuring in Saudi Arabia: Imperative or an opportunity?
Regardless of which school of economics you belong to, the consensus in the 21st century is that the economic prospects of a country lie primarily in its ability to offer entrepreneurs and business o
06 May 2020
Saudi banks should embrace fintech strategies and collaborate
The number of fintechs emerging in Saudi Arabia’s financial services landscape is changing the face of the banking industry.
23 March 2020
Oliver Wyman warns of coronavirus hit to banking in Middle East
Management consultancy Oliver Wyman has warned of the impact of coronavirus on banks, which will have a bearing on corporate and personal finance in Dubai and the Middle East.
16 March 2020
Financial crime on the up in the Middle East, shows PwC survey
Fraud and financial crime is on the rise in the Middle East, according to the latest survey from professional services firm PwC, but there may be some broader local issues hidden in the data.
06 March 2020
Synechron on board for Banking Innovation Summit in Dubai
The 9th Annual Middle East Banking Innovation Summit kicks off this week – with global tech advisory Synechron among the event sponsors.
02 September 2019
MENA Fintech Association launches with KPMG among founders
A number of organisations have come to together to launch the MENA Fintech Association – with KPMG among the corporate founding members.
27 June 2019
Emerging market banks need to act now to attract less loyal millennials
With young consumers increasingly favouring online banking, banks can gain considerable advantage from digital tools says a new Oliver Wyman report, but challenges remain.
12 June 2019
Kuwait and Morocco complete first cross-border blockchain securities settlement
23 April 2019
UAE banking and finance educators sign MoU with PwC's Academy ME
12 March 2019
Synechron unveils new set of AI data science accelerators at FinLab in Dubai
Global consulting and technology services firm Synechron has unveiled a suite of artificial intelligence data science accelerators at its Financial Innovation Lab in Dubai.
01 November 2018
Fidor and ADIB win Efma-Accenture award for innovative banking platform
The German online bank Fidor has been awarded gold at the Efma Accenture Awards for its work with the Abu Dhabi Islamic Bank to establish a Shariah compliant community banking platform for the region
01 November 2018
PwC and Commercial Bank of Dubai sign digital innovation deal
The Middle East branch of PwC has signed an agreement with the Commercial Bank of Dubai to foster greater digital innovation at the financial services and banking provider.
27 September 2018
Oliver Wyman proposes Dubai innovation hub to aid regional financial inclusion
The global management consulting firm Oliver Wyamn has forwarded the UAE as the ideal centre for an innovation hub focused on enhancing regional financial inclusion.
31 July 2018
Deloitte study finds Turkey leads MENA laggards in digital banking maturity
A comprehensive market study conducted by Big Four firm Deloitte has found that Turkey leads the Middle East when it comes to digital banking maturity, while most other states in the region are consi
31 May 2018
Shareholders of collapsed Lebanese bank take Deloitte to court in Dubai
A coalition of minority shareholders from collapsed Lebanese Canadian Bank (LCB), will have their case against Deloitte heard in Dubai, in a landmark court ruling in the UAE.
06 March 2018
Digital wealth managers and robo-advice to command Middle East market
Digital wealth managers will control up to a third of the global wealth market by 2025 according to assurance and advisory firm EY, and the Middle East is no exception, with local firms looking to ca
20 February 2018
Oliver Wyman and FIS support Boursa Kuwait with market making
Boursa Kuwait has in recent weeks collaborated with two consulting firms as part of its plans to encourage investors to ramp up their investments in Kuwait.
18 December 2017
Middle East and Africa private wealth to reach $12 trillion, says BCG
Private Wealth in the Middle East and Africa (MEA) region is set to expand rapidly over the next five years to reach a staggering figure of $12 trillion, according to a report from the Boston Consulting Group.
14 June 2017
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