Financial Services news in the Middle East | Page 2

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

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
IPO advisors guide Al Ansari through successful stock listing in Dubai Dubai’s first initial public offering of 2023 has enjoyed a sunny start to its life as a listed company, with the shares of Al Ansari Financial Services Group surging upwards since its trading debut
07 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
Saudi Arabia's top sectors for CX: Retail and Financial Services What sectors offer the best customer experience in Saudi Arabia? In its take on the multifaceted question, KPMG surveyed over 1,500 consumers from across the Kingdom to find out, concluding that reta
06 February 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
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
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
Insurer MEDGULF implements regtech solution from AJMS Group The UAE organisation of Mediterranean and Gulf Insurance and Reinsurance Company (MEDGULF) has taken into use a new regtech solution developed by professional services firm AJMS Group.
29 March 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

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