Banking news in the Middle East | Page 3

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

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
UAE retail banks fail to meet online customer service expectations Retail banks across the United Arab Emirates continue to struggle with curbing customer complaints on online channels, according to the latest Banking Sentiment Index conducted by KPMG in partnership
27 June 2022
Bahraini leaders convene to discuss ESG in financial services Last week, over 80 senior leaders from across Bahrain’s financial services sector came together to attend a KPMG seminar dedicated to environmental, social, and governance (ESG) within the industry.
30 May 2022
How financial institutions can embrace decentralised finance Financial service companies in the Middle East, including banks, insurance companies, and fintechs, have a growing interest in the opportunities and risks posed by decentralised finance (DeFi).
10 May 2022
Conventional banks need radical strategic change to turn the tide ADL Middle East managing partner Philippe De Backer explains why the world is falling out of love with traditional banks.
23 March 2022
Profitability of top 10 listed banks in the UAE recovers significantly The profitability of the UAE’s banking sector recovered significantly last year, according to a new report by Alvarez & Marsal, on the back of continued economic recovery and a raft of effective meas
21 March 2022
Five digital innovation priorities for corporate banking With digital transformation redesigning how corporate banks serve their clients and operate internally, leaders at institutional banks are more than ever expected to deliver on their digital innovati
28 February 2022
Cedar supports Islamic Bank in Oman with setup of digital bank When a fast-growing Islamic Bank in Oman set out its ambition to launch a digital only venture, the bank’s management team turned to Cedar Management Consulting for advice.
26 January 2022
Five best practices for successful banking partnerships According to a new report by Oliver Wyman, a large majority of executives in the banking industry believe that forming partnerships and alliances are critical to the success of their strategies.
20 January 2022
The global Islamic fintech banking market: trends and outlook The global Islamic FinTech market is projected to grow strongly in the coming years, as a growing number of Muslims seek to tap into digital finance and banking services that follows Sharia principle
17 January 2022
Tadawul-listed banks continue their solid performance (in 5 charts) Tadawul-listed banks have continued their solid performance over the past quarter, according to KPMG Saudi Arabia’s latest Banking Pulse report.
06 December 2021
Most Saudi consumers are open to switching banks, says BCG More than half of consumers in Saudi Arabia are open to switching to another bank, according to a new study by Boston Consulting Group, as competition intensifies amid the rise of digital challenger
18 November 2021
How Saudi Arabia's top 10 banks performed in the second quarter Global management consulting firm Alvarez & Marsal has released its second quarter analysis of the state of Saudi Arabia's banking sector. A round of the report's key findings in six charts.
23 September 2021
With Lebanon's banking secrecy suspended, A&M resumes its audit Eight months after withdrawing from the engagement, global management consulting firm Alvarez & Marsal is set to resume its review of Lebanon’s central bank.
20 August 2021
UAE banks need to step up their customer service game Banks in the UAE have struggled to manage the sudden and widespread shift to online customer service over the last year. This is according to a new study by KPMG and BrandsEye.
20 August 2021
Platform banking: the imperative to reshape the business model Banks are facing stiff competition from challengers that have been quick to adopt innovative technologies and embed them into the heart of their operations.
18 August 2021
Cedar Consulting develops balanced scorecard for two banks A flagship of Cedar Consulting’s proposition is its tried and tested Balanced Scorecard approach for strategic and organisational development.
05 August 2021
Cedar Consulting helps banks with business process re-design Cedar Consulting has an extensive track record in helping clients with re-engineering their operating models and business processes.
26 July 2021

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